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Newark Real Estate Board re-forms.


The Newark Real Estate Board (NREB) announced that it has reformed after an approximately 20-year hiatus.

Originally founded in 1918, the NREB is devoted to promoting continued economic investment and development in New Jersey's largest city. The board consists of a "who's who Who’s Who

biographical dictionary of notable living people. [Am. Hist.: Hart, 922]

See : Fame
" of leading real estate investors A real estate investor is someone who actively or passively invests in real estate. An active investor may buy a property, make repairs and/or improvements to the property, and sell it later for a profit. , developers, brokers, tenants and professional.

"With over a billion of dollars' worth of development initiatives currently underway or planned for Newark, now is the most critical time in the city's history for it to capitalize on Cap´i`tal`ize on`   

v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>.
 the renewed sense of excitement and enthusiasm over Newark's future," said Edward Rytter, executive director of NREB and a vice president of Prudential Insurance Co.

"We look forward to working closely with the new administration to ensure that this extraordinary window of opportunity and investment has a positive and lasting impact for all of the city's constituents."

Founding members of the new Board include Jerry Gottesman, chairman of Edison Properties; Arthur Stern, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Cogswell Realty Group; Emmanuel Stern, president and COO of Hartz Mountain Industries Hartz Mountain Industries (HMI) is a private family owned and operated company known for its vast real estate holdings in the New York/New Jersey Metropolitan Area. Its former parent Hartz Mountain Corporation (of pet products fame), was founded by German-American businessman Max ; Joseph Taylor Joseph Taylor is the name of:
  • Joseph Taylor (Medal of Honor), American Civil War soldier and Medal of Honor recipient
  • Joseph Hooton Taylor, Jr. (b. 1941), American astrophysicist
  • Joseph C. Taylor, American baseball player
  • Joseph D. Taylor (1830–1899), U.S.
, CEO of Matrix Development Group; Stan Gale, vice chairman of Gale Real Estate Services; Marc Berson, chairman of The Fidelco Group; Chip Hallock, president and CEO of the Newark Regional Business Partnership; Ted Zangari, attorney with Sills Cummis Epstein & Gross; Michael Rachlin, Michael Rachlin & Company; Manuel Teixeira, CEO of the Portuguese Baking Company, LP; and Edward Rytter.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Real Estate Weekly
Date:Jan 10, 2007
Words:231
Previous Article:Around town: events seminars meetings talks.(Calendar)
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