Experts say New Jersey faces a growing challenge: While it’s still a major draw for pharmaceutical research and development, speed to market has become increasingly important to life sciences users. That means the state’s lack of move-in-ready lab space — and its lengthy approval process for new construction — puts it at a disadvantage to competing markets.
Cover Story
Our monthly cover story in Real Estate NJ is a must-read, as we bring you an insider’s look at the decisions, personalities and economic conditions that are shaping the market.
New grants for New Jersey towns, cities could boost redevelopment opportunities
Business leaders are cheering the passage of a new economic development incentives law in New Jersey, following a two-year battle in Trenton and the added uncertainty of the pandemic. Yet some stakeholders are pointing to a far less heralded, less contentious piece of the New Jersey Economic Recovery Act as a key tool for spurring new investments around the state.
Technology can be crucial to health, safety in post-COVID office buildings
With some office workers returning to work in New Jersey, landlords have taken steps to keep them safe and healthy in their buildings. Those steps involve not only physical upgrades and new on-site technology, but the use of apps and digital platforms aimed at keeping employees informed, engaged and connected.
Connell looks to build community hub, workplace of the future at Berkeley Heights office park
Connell Real Estate & Development Co., the developer and longtime owner of Connell Corporate Park in Berkeley Heights, is in the midst of a sweeping, $400 million improvement and expansion of the 185-acre property, one that will create new apartments, restaurants, entertainment and urban-style park space by 2023.
Sanzari drawing on 75 years of stability, relationships to guide tenants through crisis
Like other landlords, Alfred Sanzari Enterprises has spent months with its buildings mostly empty as businesses cope with the effects of the pandemic. But the family-owned firm has weathered the crisis and helped its tenants do the same thanks to its own financial strength and ability to act quickly, which stem from a patient, low-leverage approach that goes back 75 years.
Walsh relaunches construction and project management firm, eyeing new lighting platform
The Walsh Company has enjoyed a fast start since it was relaunched last fall, with new assignments including roles as a general contractor, project manager and client representative. But Ed Walsh has also set his sights on an altogether new business: a lighting platform that he says provides users with greater control, efficiency and transparency than traditional fixtures.
