Features

Real Estate NJ goes in depth on the latest trends, success stories and critical issues facing the commercial real estate industry. Hear what is on the mind of the industry’s power players and get expert analysis as we give you the deepest look inside the market.

Developers, state officials face dual task with Opportunity Zone projects

Amid the rollout of the new federal Opportunity Zone program, developers and public officials are trying to balance two key objectives: Identifying shovel-ready projects — allowing investors to maximize the tax benefits of the law — and steering capital to low-income areas that weren’t already attracting investment and may have higher barriers to entry. The state believes it can check both boxes with the right coordination and by layering in the subsidies that have helped revitalize many of New Jersey’s cities and downtowns.

New ‘town center’ project is anchored by health care, bucking traditional uses

For a project that will bring more than 400 new apartments and townhomes to Gloucester County’s largest town, a joint venture is banking on the demand for health care services as a key driver of the property and a potential model for other mixed-use projects in the state.

Adaptive reuse in Livingston yields new facility for youth with special needs

A new facility with 53,000 square feet of recreational, therapeutic and educational space will soon open in Livingston, providing a second chance for a long-vacant building and a new home for a nonprofit that serves youths with special needs.

Stockton campus brings new life to Atlantic City neighborhood, in a sign of things to come

Stockton University’s new campus in Atlantic City has come to life after more than two years of anticipation — and stakeholders say it’s just the beginning of what they hope to be a larger transformation in Atlantic City.

New Jersey industrial brokers, developers thinking regionally as tenants expand the market

With a limited supply and an increasingly savvy approach to logistics, tenants are pushing the historical boundaries of the New Jersey industrial market and expanding not only westward, but to the southernmost parts of the state and to the east to New York City. As occupiers explore these new frontiers, developers and brokers in New Jersey are following suit with a more regional approach to the warehouse and distribution sector.

After a decade of success, Dermody begins final phase of Logan Township industrial park

Dermody Properties’ 1,100-acre logistics park in Logan Township has attracted a long list of well-known users over more than decade. And the firm is now set to enter its last phase of development — breaking ground on two buildings that will add another 563,000 square feet to the portfolio.

Change agents: How Yorktel is guiding clients toward ‘next-gen’ workspaces, collaboration technology

Yorktel, a provider of video and audio communications services, has become a guiding hand for companies that are transitioning to so-called next-generation workplaces. That has meant advising clients on everything from choosing the right videoconferencing equipment to picking the optimal conference rooms, huddle rooms and other collaboration spaces.

Hard Rock CEO Allen hopes new hotel, casino will strike a different tone in Atlantic City

The new Hard Rock Hotel & Casino will open June 28, with a model that aims to set a new standard in Atlantic City. For one thing, the resort will have an added emphasis on entertainment, leveraging Hard Rock’s own vast network of performers to help program the venue and bolster other nongaming revenue streams such as meeting business and hotel stays. But its owners have sought to be different from past generations of New Jersey casinos in another way, focusing on community outreach that they say will continue well past the grand opening.

Bridge details 1.7 million sq. ft. industrial project in Somerset, efforts to restock N.J. pipeline

Bridge Development Partners is planning a three-building, 1.7 million-square-foot industrial complex in Somerset County after acquiring parcels from two separate sellers, part of an effort to refill its pipeline in New Jersey after a blockbuster portfolio sale last year.

Progress, with continued uncertainty: Questions remain as affordable housing moves forward in New Jersey, stakeholders say

The state’s long-running battle over affordable housing policy is still rife with uncertainty and unanswered questions, stakeholders say, even for the roughly 200 towns that have reached settlements on how they will zone for new development.