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CONTENTS
COVER STORY Terrie O ’ Connor is a Leader in NJ ’ s Real Estate Market ................ 8
ECONOMIC OUTLOOK Rising Home Prices , Industrial Properties in Demand in 2021 ............ 14
CONSTRUCTION A State-of-the-Industry Report :
Construction to Recover in 2021 .......... 18
ENVIRONMENTAL BUSINESS NJEDA ’ s Brownfields Loan Program ......... 24 NJ Energy Projects and Initiatives ........... 26
BANKING Innovation in Banking : Harnessing the Power of AI and Technology ............. 30
LAW Liability Issues Associated with Automation , Robots and AI .......... 36
ACCOUNTING AI / Automation : Assessing a Tax on Robots that Replace Workers .......... 40
HEALTHCARE State-of-the-Art Cancer Care at New Jersey ’ s Top Hospitals ............. 42
COLUMNS CIANJ Officers & Board of Directors .......... 4 President ’ s View .......................... 6 Advertisers ’ Directory .................... 50
CIANJ ’ S 2021 BUSINESS & LIFESTYLE EVENTS
Connections , the strong ones , rely on knowing , liking and trusting the people you do business with . That ’ s why CIANJ ’ s new Business & Lifestyle event series — and a corresponding column in COMMERCE — will serve as an introduction to incredible people and places in New Jersey . You can look forward to experiences that explore wines and beers , fine food , golf , the outdoors , cigars , concerts and all things leisure . Through these fun and fascinating topics , you can connect with potential clients on a personal level . For more information , stay tuned for CIANJ announcements , or contact CIANJ Executive Vice President for Business Development & Strategic Initiatives , and Sommelier , Wendy Tait at
wtait @ cianj . org , or call 201-368-2100 .
COMMERCE ( SSN 0745-077X ) is published monthly for a subscription price of $ 35.00 per year by the Commerce and Industry Association of New Jersey , 365 West Passaic Street , Suite 490 , Rochelle Park , New Jersey 07662 , ( 201 ) 368-2100 , Web site :
www . commercemagnj . com . Postage Paid at South Hackensack , New Jersey and additional mailing offices . Postmaster : Send address changes to above address .
Cover Photo : Clear Tunnels , Inc .