■ Predictions for 2023
Continued From Page 22 Prism Capital Partners Edwin H . Cohen Principal Partner
Life sciences demand remains a bright spot for real estate and economic growth in New Jersey and nationwide . At present , our region ’ s stock of available , quality lab space is limited , so the market is ripe for new construction . That said , these tenants are seeking immediate or expedited occupancy , so speed to market will be critical in winning their business .
Terrie O ’ Connor Realtors Terrie O ’ Connor Broker President
Today ’ s constricted inventory , along with rapidly rising interest rates , has caused the market to cool dramatically . To offset shifting market conditions , independent brokerages , like Terrie O ’ Connor Realtors , are building up ancillary businesses . Our title company , Northern New Jersey Title , has seen record growth in 2022 , and we anticipate launching a mortgage joint venture by year end . Additionally , we ’ ll accomplish our aggressive 2023 growth objectives by increasing overall agent headcount . as well as through small acquisitions .
RISK MANAGEMENT
AON Insurance Peter Webster Regional Managing Director , New Jersey Market
The impact of inflation is still being felt across all industries . Employee benefits are not immune . Looking ahead to 2023 , employers will need to continue to navigate and directly address the impacts of inflation across employee benefits , rewards and compensation , and pensions to ensure that their employees and their families have the support they need .
UTILITIES
Optimum Matt Grover Executive Vice President , Consumer & Business Services
The future of broadband continues to be fiber . In 2023 , consumers and businesses can expect to rely more and more on 100 percent fiber networks that provide faster and more reliable internet service than ever before . At Optimum , we are continuing to expand our fiber footprint and look forward to bringing multi-gig symmetrical speeds , greater reliability , and an overall superior connectivity experience to more of our customers in the New Year .
Veolia Rich Henning Senior Vice President
The theme for World Environment Day in 2023 is ‘ Only One Earth .’ Celebrated on the 5th of June since 1974 , the day reminds us about the food we eat , the water we drink , the air we breathe , and the climate that makes our planet healthy and habitable . This year ’ s theme is a reminder that we need to double our efforts toward recycling , reuse and recovery – the only way for us to begin the ecological transformation necessary to fight climate change .
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