The Stro Cos. has closed on a 77,000-square-foot industrial building in Fairfield, touting the property as a value-add acquisition with a lease that will expire in less than a year.
Regional mindset, new recipe needed to keep our talent and project pipeline flowing
It’s high time that New Jersey’s local officials start doing things differently and placing a higher priority on talent attraction, collaborative regional (not parochial) planning and being on the same page. Economic development experts from outside the state seemed to concur at NAIOP New Jersey’s recent Annual Meeting and Commercial Real Estate Outlook.
NJAA: State must act quickly with rental assistance, resist new mandates on landlords
The New Jersey Apartment Association has called for rental assistance since the earliest days of the pandemic, as it continues to defend against other legislative proposals that it says would have severe unintended consequences. In part two of his two-part column, NJAA Executive Director David Brogan discusses the ongoing need for assistance and the complexity of disbursing it even after it has been approved. He also highlights the potentially devastating effects to both apartment owners and single-family homeowners if lawmakers take actions that further curtail rent revenue.
