New Jersey State of the Market

Jonathan has more than 20 years of real estate investment and management experience. He is responsible for the acquisition and development of all new projects, property management, and leasing of over 12,000 rental apartment units and 6 million SF of office, retail and industrial properties. He oversees the team at KRE Group that is forging ahead with a development pipeline of over 10 million SF of residential and mixed use projects. Jonathan holds a B.A. from New York University and was the recipient of the 2016 SmartCEO Future 50 Award.

Jennifer Mazawey, a Partner in the firm’s Newark, New Jersey office, is a member of the Firm’s Commercial Real Estate & Redevelopment Law, Environmental Law, Construction Law & Litigation, Land Use & Approvals, and Education Law Practice Groups. Ms. Mazawey practices in the areas of commercial real estate, land use and construction law. Ms. Mazawey is a member of the New Jersey State Bar Association’s Land Use Section, Environmental Section, Women in the Profession Section, and Renewable Energy, Cleantech and Climate Change Committee. She was named to the Board of Directors of the Land Use Section of the New Jersey State Bar Association in 2011. Ms. Mazawey serves on the Women’s leadership Committee of the New Jersey Women Lawyers Association; she is a Board member and Co-Director of Sponsorship for Commercial Real Estate Women of New Jersey (CREW-NJ) and a member of the national CREW Network. She was previously a trustee of the New Jersey Association of School Attorneys. Ms. Mazawey represents developers in all aspects of their development projects. She regularly appears before planning boards and zoning boards of adjustment. In addition, Ms. Mazawey assists clients with permit acquisition from agencies such as the Department of Environmental Protection and the Department of Transportation. She also assists clients with the drafting of their various professional services and construction contracts and represents clients in construction-related disputes. Ms. Mazawey also provides counseling and training on all aspects of the development process. Representative Matters: • Obtain land use approvals for big box retail developments. • Manage land use approvals for public and private utility clients. • Has successfully represented developers in obtaining state governmental permits from the Departments of Environmental Protection and Transportation. • Represent developers in Construction Board of Appeals matters. • Negotiate professional services and construction contracts on behalf of owners of large scale development project. • Served as general counsel to boards of education and charter school boards of trustees. • Successfully handled education and special education matters before NJ State Administrative Courts and the Commissioner of Education. For over a decade, Ms. Mazawey has also practiced in the area of education law. She served as both general counsel and special labor counsel to boards of education and boards of trustees throughout the state of New Jersey. In that capacity, she has handled matters at the Public Employment Relations Commission, as well as the Office of Administrative Law and state and federal courts. Among other things, she has counseled clients on matters of board governance, labor relations, special education matters and school construction. She has lectured for the Institute of Continuing Education (ICLE), the New Jersey State Bar Association, the New Jersey Business and Industry Association and the New Jersey School Boards Association. In 2012, Ms. Mazawey was recognized by the New Jersey Law Journal as a New Leader of the Bar. From 2007 - 2013, Ms. Mazawey was recognized in New Jersey Monthly magazine by Super Lawyers as a New Jersey Rising Star in Education Law, Environmental Law, and Land Use Law. Ms. Mazawey has also been listed in the Best Lawyers in America in the area of Real Estate Law in 2015 and 2017 and was listed by NJBIZ as one of the 50 Best Woman in Business in 2016. Ms. Mazawey is a co-author of “In the Election of 2002, the Voters of New Jersey Were the Winners,” for 27 Seton Hall Legislative Journal 77 in 2003. She proudly serves as a member of the William Paterson University Foundation Board and the Greater Newark Holiday Fund Board. She received her Juris Doctor degree, cum laude, from Seton Hall University School of Law in 1997, and her Bachelor of Arts degree from Rutgers University in 1994. After law school, she served as Judicial Law Clerk to the Honorable Christine L. Miniman, J.S.C. Bar Admissions: • New Jersey, U.S. District Court, District of New Jersey, 1997 • New York, 1999 • U.S. Court of Appeals for the 3rd Circuit, 2005 Education: • Seton Hall University School of Law, J.D., 1997, cum laude • Rutgers University, B.A., 1994.

Jeff Dunne has 36 years of experience in the real estate investment banking business as an advisor and transactional agent for retail, office, apartments, industrial and new development projects. He leads a team of 15 people that focus on investment sales and equity raises to capitalize projects largely located within two hours of Manhattan. Jeff has closed in excess of $19 billion in over 300 investment transactions since 2007 and over $30 billion during his career.

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

Peter Michelis is an industry veteran with over 30 years of development and construction experience in all asset classes including retail, mall, mixed-use, multifamily residential, office, industrial, hotel, and solar. The Michelis Rose Group is a recently formed Full service Real Estate Development firm that also performs Fee development assignments in addition to undertaking development for its own account. The Michelis Rose Group is currently involved in over $ 150 million in Retail & Mixed Use re-development projects in the NY/NJ Tri-State area. Prior to forming The MichelisRose Group, Peter was the Executive Vice President of Development & Construction for Hartz Mountain Industries, one of the largest privately held Real Estate owners/developers in the United States, overseeing a real estate portfolio of approximately 40 million square feet. Prior to Hartz, Peter was Senior Vice President - U.S. Retail Development & Construction at Vornado Realty Trust (NYSE: VNO) and also served as Senior Vice President of Construction at Forest City Ratner (NYSE-FCE.A). Peter has been involved in over $ 5 billion in development and redevelopment projects of all asset types through out the United States. Peter has been featured in National Real Estate Investor, Retail Traffic, Business Week, and NJ Biz as a top ranked Real Estate owner and developer. Peter received his BS in Engineering from Columbia University. Projects include: Ridge Hill - mixed-use lifestyle project in Yonkers, NY Beverly Connection - redevelopment of a lifestyle center in Los Angeles, CA The Outlets at Bergen Town Center - Mall redevelopment in Paramus, NJ Harlem Center - Ground up mixed use (Retail over office) in Harlem, NY South Hills Mall - Mall conversion to power center in Poughkeepsie, NY Woodbridge Crossing - retail power center in Woodbridge, NJ The Estuary - 581 unit residential complex in Weehawken, NJ Osprey Cove - 116 unit multifamily complex in Secaucus, NJ Springfield Mall - redevelopment of mall in Springfield, VA Panasonic headquarters Industrial redevelopment in Secaucus, NJ Lincoln Harbor waterfront pier redevelopment in Weehawken, NJ Tonnelle Commons - Power center in North Bergen, NJ .

Ralph Zucker is President 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.

Jose is a senior managing director and co-office head in the New Jersey office of JLL Capital Markets, Americas. He joins JLL as part of the HFF acquisition and is a member of the firm’s leadership committee. Jose specializes in investment advisory throughout New Jersey, New York and Connecticut and also oversees the day-to-day operations of the firm’s New Jersey office. During the course of his more than 25-year commercial real estate career, he’s been involved in more than $62 billion of office, industrial, retail, multifamily and land sales. Jose started at HFF in March 2010. Before that, he was the executive director of Cushman & Wakefield’s New York area investment sales group where he spent more than 17 years. He began his real estate career as a real estate analyst at PaineWebber, UBS, Inc.