Leaders of The Kislak Co. Inc. see a resilient market and sustained demand from property investors in 2023 — despite a short-term slowdown amid rising borrowing costs — arguing that buyers and sellers will still find value in multifamily and commercial assets.
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.
Steady hands: How Genova Burns is helping real estate clients navigate rising rates, market shifts
Genova Burns, home to one of the state’s most prominent real estate practices, is as busy and as integral to the industry as it was before the pandemic and before the Federal Reserve began to raise interest rates last year. Increasingly, though, the Newark-based firm is helping clients either play defense or guide them through this period of uncertainty.
Right at home: NJAA moves to Trenton, with advocacy looming ever larger after COVID crisis
The New Jersey Apartment Association has changed its address, but there’s nothing unfamiliar about its new home in Trenton. The organization and its in-house team, previously based in Middlesex County, have long been a key voice in state politics and policymaking, advocating on behalf of a membership that owns and manages some 230,000 rental units.
Massive ex-manufacturing site in Sayreville to be reborn as 1.1 million sq. ft. logistics hub
A long-dormant and formerly contaminated site in Sayreville, once home to gunpowder and chemical plants, is finding new life under a development that will add more than a million square feet of modern industrial space to the market in Central Jersey. The three-building Arsenal Trade Center also promises to bring new jobs and ratables to the Raritan Bay region. Experts say that, while players like Amazon are stepping back from warehouse and logistics expansion in the state, the market for such properties remains robust.