PRISM’S EUGENE DIAZ TO SPEAK AT N.J. DISTRESSED ASSETS CONFERENCE
Oct. 18 Event to Feature Discussion with Industry Leaders, Q&A and Networking
LIVINGSTON, N.J. – October 12, 2011 – (RealEstateRama) — Eugene Diaz, co-founder and principal of Prism Capital Partners, LLC, has been chosen to speak at the New Jersey Distressed Assets Conference on Tuesday, Oct. 18, at the Eisenhower Conference Center, 290 West Mt. Pleasant Ave. in Livingston. Hosted by ScheinMedia, the event will take place form 7:30 to 11:30 a.m., featuring an in-depth discussion with leaders in New Jersey’s Distressed Assets market.
Diaz will be a featured panelist, along with executives from Cushman & Wakefield, Inc., The Marsh & McLennan Agency, McCarter & English LLP, William Procida Incorporated (WPI), Onyx Equities, LLC and The Pinnacle Companies. The program will include time for a Q&A session and networking. For more information or to register, visit the event website at http://events.scheinmedia.com/newjersey2.php.
The privately held Prism Capital Partners specializes in value-added opportunities in the office, retail, industrial and residential markets. The eight-year-old company’s focus, experience, service and vision have led to an already impressive track record of creating value through select real estate investments and developments.
“While the investment market in New Jersey clearly has rebounded, risk trades remain limited,” Diaz said. “Turnaround stories by companies involved in opportunistic investments are tepid in conjunction with the generally weak economic rebound. That being said, those of us who do focus on value-add projects recognize that the right opportunity at the right price can still be found.”
Prism’s most recent success involved the 2010 reacquisition of 399 Jefferson Road in Parsippany, which had been Prism’s very first investment in 2003. Prism sold the 180,000-square-foot office building to a user in 2006, but the company never took occupancy. In early 2011, Pinnacle Foods leased 85,000 square feet there for its headquarters. The firm recently expanded its commitment by 11,000 square feet.
Throughout his career, Diaz has been responsible for the acquisition and capitalization of more than 14.5 million square feet of commercial real estate. Prior to co-founding Prism Capital Partners, Diaz worked for Cushman & Wakefield and held several leadership positions at Gale & Wentworth.
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Media Contact:
Evelyn Weiss Francisco: evelyn (at) caryl (dot) com, (201) 796-7788, www.twitter.com/carylcomm
