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Strong and steady is still the mantra for Northern New Jersey. Discussions centered on the health of several market segments within easy reach to New York City. Topics ranged from big ticket refrigerated industrial buildings with solar panels; to new multifamily development in Montclair, Morristown and South Orange; to the still bullish Jersey City office market. Tony Ianuale of Dresdner Robin commented on the office market in Jersey City noting that the success is not only due to the price comparison with NYC, but also due to the available light rail that is creating a demand for more residential housing as well. He speculated that activity on the fiscal and/or political side might spur new building, capitalization of infrastructures, and also help spur demand, wages and the overall economy.

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