Construction Market Trends for 2012 and Beyond at McLoone’s Boathouse
April 25th was the time and McCloones Boathouse in West Orange, NJ was the place for AIA Newark Suburban’s 13th Annual Industry Roundtable Discussion general membership meeting. The four panelists, all experts in their field, offered diverse perspectives on trends in the Design, Construction, Residential and Commercial Real Estate Industry to the 80 plus members in attendance.
After opening remarks by AIANS President, Kevin McCormick, AIA, Joseph N. DiVincenzo Jr., current Essex County Executive addressed those in attendance. His remarks focused on details of the development of this exciting new venue as well as noting the importance of our organization. Joe Flock, AIANS Past President and Chair of the event since its inception in 1999, then introduced the speakers. They included:
Dave Delvecchio, AIA: Dave is a long time member of the AIA and has served it in leadership positions at local, state and national levels. Dave will be asked to speak from the perspective of what AIA organization studies have forecasted for 2012 industry trends as well as what he is hearing from other AIA groups in the state, etc.Michael Dorin, Senior Vice President of Skanska Preconstruction for the NY Metro Region. Michael is a leader at the Skanska organization and his presentation of trends from the construction and pre- construction perspectives will be quite interesting and valuable
George Molloy, SIOR, Senior Vice President at Grubb & Ellis. George has been a commercial real estate service provider since 1983 with a proven track record of success in the 4th largest commercial/ industrial market in North America. He will speak well to trends in the commercial real estate markets our members work or seek client work in.
Carlo Siracusa, Manager,Weichert Realtors- As manager of Weichert Realtor’s Morris County office, Carlo’s perspectives on trends in the residential real estate industry and how the election year results could impact them, will be an important one for our members as most have a residential component to their business.
Topics discussed included how the market, our clients and our profession can approach Adaptive Reuse, Rapid Deployment Centers, Sustainability, and Speed to Market to help “make a niche for yourself” starting in 2012.
“This is the 4th largest commercial/ industrial/ retail market in North America and there is a fair amount of functional obsolescence in the built inventory we need to be able to leverage for our clients,” noted George Molloy, as he updated trends in the commercial market.
“We must understand the needs of different generations in the residential home buying markets,” Carlo Siracusa stressed to our membership. Mike Dorin’s comments mirrored those of Dave DelVecchio when he advised, “Raw materials cost increases have been absorbed by our sub-contractors till now, but if you’re future casting, that cannot continue much longer.”
Questions from members in attendance targeted panelists’ perspectives on trends in the residential real estate industry and how the election year results could impact them. “There is money in the market,” noted all panelists. “The outcome of political events will hopefully drive more capital & lending to further stimulate real estate, design and construction activity.”
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