Somerset Development achieved the nearly unthinkable, transforming the former Bell Labs into the current 2 million-square-foot multifaceted Bell Works in Holmdel. In 2022, that company, where Zucker is CEO and Founder, transformed itself, rebranding to Inspired. “[W]e’re harnessing the lessons from our storied history, and building upon them for a new era of innovative and sustainable redevelopment,” Zucker said over the summer.

Guided by its modern spin on New Urbanism, work is underway in Chicago for the company’s second metroburb and now that there’s a plan in place, Inspired has eyes on developing more of the destinations. The timing could be right for that kind of roll-out, in a post-COVID environment where employers are looking to draw workers back to cooperative spaces.

The company expanded its residential portfolio in 2022 as well, as demand for housing persists, partnering with iStar to make its entrance to Asbury Park with plans for a luxury community located along 5th Avenue. Also in the shore area, the company scooped up 15 acres at the former Fort Monmouth where it plans to build 144 townhouses and 36 affordable units.

Jeffrey Garibaldi joined NAI Hanson in 2025. He was one of the principals of The Garibaldi

Group and had been with the firm for over 40 years. In addition to his management

responsibilities, he is primarily involved in both brokerage and consulting services.

Mr. Garibaldi has been responsible for handling a variety of sale/lease transactions for

major clients such as Messer, DRS Technologies, Inc., Griffon Corporation, Northwestern

Mutual, Croda, FreshPet, Phathom Phamacueticals and Prudential Financial. Mr. Garibaldi

also has in-depth landlord representation experience, having been engaged to market high

profile properties such as Giralda Farms, Madison NJ, The Office Center at Short Hills,

NJ, Eisenhower Corporate Campus, Livingston, NJ and the iconic two million square foot

redevelopment project, Bell Works, Holmdel NJ.

Jeremy Neuer is a Senior Managing Director in the New Jersey office of JLL Capital Markets, Americas. Jeremy specializes in office investment advisory throughout New Jersey, New York and Connecticut. Since 2017, he’s been involved in more than $2 billion of office sales.

Prior to JLL, Jeremy was co-lead of Capital Markets for CBRE NJ, focusing on office transactions. After an 18-year leasing career, he transitioned to Capital Markets in 2016 to leverage his unique experience with respect to the workplace–and how buildings need to change to meet the needs of modern occupiers. His success in leasing, on both the tenant and landlord side, gives him a distinct perspective to drive asset value and provide comprehensive advisory to owners and investors.

Mr. Wolfe is the Co-Managing Partner in the Property Tax Department at Skoloff &

Wolfe, PC, where he focuses his practice on representing taxpayers in significant real estate tax appeals and property tax related matters. He has extensive experience in all types of property tax appeals, including hotel, multi-family, retail, office, and industrial properties. Mr. Wolfe frequently counsels clients on the property tax implications of the development, acquisition, and disposition of significant assets. He also counsels clients with respect to property tax exemptions and PILOT agreements.

Mr. Wolfe serves on the Board of the National Association of Property Tax Attorneys (NAPTA) and as the Co-Chair of the Real Property Tax Practice Committee of the New Jersey State Bar Association. Mr. Wolfe has been featured or quoted in a wide variety of local and national publications, including Forbes.com, GlobeSt.com, Marketwatch.com, The Washington Post, The Wall Street Journal, Law.com, Law360.com, The New York Law Journal, and Commerce Magazine.

Mr. Wolfe has a track record of obtaining significant assessment reductions on behalf

of his clients.

Examples of those assessment reductions include:

• Reduced hotel assessment from $188 million to $131million;

• Reduced multi-family assessment from $116 million to $67 million;

• Reduced office assessment from $115.5 million to $90million;

• Reduced supermarket anchored center from $66.9 million to $46 million;

• Reduced nursing home assessment from $36 million to $10.1million;

• Reduced big box retail assessment from $21.3 million to $13.4 million;

• Reduced office assessment from $27.8 million to $6.5million.

Mr. Wolfe began his career as an associate at the law firm of Davis Polk and

Wardwell in New York. While at Davis Polk, he focused his practice on regulatory

investigations, securities litigation and banking disputes.

Mr. Wolfe is a member of the American Bar Association House of Delegates and is

the Co-Chair of the ABA’s Diversity & Inclusion 360 Presidential Commission. As a

young lawyer, Mr. Wolfe served as the Chair of the ABA Young Lawyers Division, the

ABA’s largest entity with more than 130,000 members.

Mr. Wolfe received his J.D. from New York University School of Law, and graduated

from Cornell University with distinction in all subjects.

Joshua M. Gorsky is a Partner in the Firm’s Real Estate, Commercial Lending and Business Law

Practice Groups, where he focuses on real estate, transactional and corporate law.

He regularly represents real estate owners and investors in the purchase, sale and financing of various types of

commercial property, including apartments, retail, office, mixed use, industrial and vacant land. Joshua also

represents local, regional and national lending institutions in transactions securing commercial real estate and other

business assets. He is involved in land use and zoning law, appearing before municipal zoning and planning

boards on behalf of his clients. Finally, Joshua represents both landlords and tenants in complex leasing

transactions involving all property types.

Prior to practicing law and joining Mandelbaum Barrett PC, Joshua worked in the commercial real estate finance

industry. During his tenure, he negotiated construction, bridge and permanent financing for his clients. Joshua’s

experience allows him to bring a unique perspective to his practice of law. He has a deeper understanding of the

matters he is involved in and can protect his clients’ interests without sacrificing the momentum vital to closing the

deal.

Joshua is a Board Member for the Mental Health Association, a non-profit organization promoting mental health

and total wellness for individuals facing challenges associated with mental illness and addiction recovery. In 2025,

he was named to the New Jersey Super Lawyers “Rising Star” list*.

Ralph Zucker is CEO & Founder of Somerset Development, one of the New York Metropolitan region’s foremost pioneers of New Urbanism and Traditional Neighborhood Design development. Throughout his career, Zucker has worked hands-on in every facet of the building and development process, and has demonstrated a commitment to working with municipalities to create innovative communities based on the principles of New Urbanism.

Zucker is perhaps best known for Bell Works, the two-million-square-foot redevelopment of the former Bell Labs property in Holmdel, N.J., where he and the Somerset Development team successfully transformed the iconic Saarinen-designed research facility into a “metroburb,” a term that Somerset coined to describe the suburban building’s revival into a blossoming, downtown-style ecosystem of technology, traditional office, retail, dining and hospitality.

Today, Zucker and his team are in the midst of redeveloping The Ameritech Center in Hoffman Estates, Illinois, originally built as the former AT&T research facility, into Bell Works Chicagoland. The 1.65-million square foot building, which has already welcomed retail and office tenants, is quickly transforming into another successful metroburb.

Under Zucker’s leadership, Somerset and its projects have earned numerous industry awards and recognition for their contributions to furthering responsible development practices, including the New Jersey Future Smart Growth Award for Wesmont Station, Somerset's 70-acre transit-oriented mixed-use redevelopment located in Wood-Ridge, N.J., where Somerset partnered with NJ TRANSIT to build a brand new train station that provides access to Manhattan.

As Co-Founder, Managing Principal, and Investment Committee officer of Onyx Equities, LLC, Jonathan Schultz oversees the organization’s investor capital raising initiatives, strategic planning, portfolio management, and business development, as well as formulating overall investment strategy. In addition, Jonathan has shepherded the Receivership Services platform of Onyx Equities which, since its commencement, has fast become the largest of its kind in the tri-state area. Jonathan has been responsible for initiating and closing billions of dollars in leasing and commercial real estate sales and acquisitions during his career to date.

Prior to forming Onyx Equities, Jonathan was Founder and President of The Schultz Organization. The Schultz Organization and its affiliates provided commercial real estate brokerage and advisory services to institutions, lenders, private owners, and tenants. The Schultz Organization provided third party clients with leasing and/or management services for over 200 commercial properties totaling over 15 million square feet in the tri-state area.

Jonathan is a member of the Metro NY chapter of YPO. He is a Founding Board Member of the “Award Of Courage” Foundation, raising significant funds for Memorial Sloane-Kettering Cancer Center, and is a past recipient of their Humanitarian Award. Jonathan has been recognized as one of the “Commercial Brokerage All-Stars,” by Real Estate New York, he was twice named one of “New Jersey’s Most Successful Business Executives under 40” by Business News New Jersey, one of the country’s “Hottest Real Estate Brokers” by Commercial Property News, and one of the “Power Players of the Next Generation” by Real Estate NJ

For decades, Frank D. Recine has been a towering figure in the commercial real estate arena before assuming the prestigious mantle of Principal at Accordia. Having held the esteemed position of Executive Managing Director at JLL, Frank’s influence reverberates throughout the industry, characterized by groundbreaking initiatives that have reshaped markets nationwide. His tenure underscores a legacy of visionary leadership and adept navigation through multifaceted landscapes. His strong background in transaction structures, lease negotiations and consulting services resulted in the successful negotiations of over 14 million square feet of space and over $3 Billion in total lease transaction value during his tenure at JLL.

Prior to joining JLL, Recine spent 13 years at Newmark, climbing the ranks to become the youngest Principal in the firm. Over the span of his career, Recine secured high-profile tenant representation assignments for some of the industry’s most iconic brands and clients, including Ferrari North America, DHL, Gucci, Yang Ming Shipping, The RealReal, Fresenius Medical, WebMD/Internet Brands, among others. Recine also specialized in landlord representation, working on many high-profile agency repositionings and development projects across the state.

His prowess in deal-making has garnered widespread acclaim, evidenced by consecutive appearances on NJBiz’s “Power 50” list and the prestigious “Top Gun” award at JLL throughout his tenure, among others.

Andrew Lofredo has nearly three decades of broad commercial real estate experience, as a real

estate broker, property manager, attorney, and asset manager, along with leadership roles in both

institutional and entrepreneurial environments.

Andrew is currently CEO of CRE Vertical Advisors, which was founded to provide comprehensive

real estate asset management, property management and advisory services to direct investments

and select third parties with a concentration in retail, industrial and office properties in the New

York Tri-State and Mid-Atlantic Regions. Previously, he was CEO of MCP Real Estate &

Investment Management, a real estate family office; Head of Asset Management for Fortis

Property Group, overseeing investor/lender relations, leasing and operations of a commercial

portfolio in excess of 6 million square feet in the Northeast US and Texas; Senior Vice President

of Operations at Ashkenazy Acquisitions, responsible for running a national retail portfolio,

including all operations and construction; in-house counsel and Director of Asset Services in NYC at CBRE, with corporate

management responsibilities and oversight of over 9 million square feet of commercial assets in NYC, Westchester and

Connecticut.

He currently serves as a Co-Chair of the New York Commercial Real Estate Industry's Spirit of Hope Event to benefit St.

Jude Children's Research Hospital. Additionally, he has guest lectured on multiple occasions for The Real Estate Associates

Program and was an adjunct professor teaching real estate asset management at the Fordham Real Estate Institute’s MSRE

program and New York University (NYU).