Raritan Bay Medical Center in Old Bridge — Courtesy: NK Architects By Ben P. Lee, AIA Since the great recession of 2008, the health care sector has emerged as a reliable investment for real estate developers and the capital market.…
Guest Columns
From one professional to another, our guest columnists offer their opinions and their take on the latest trends and issues facing the commercial real estate sector.
Long-term issues need long-term solutions
When the drafters of the federal and New Jersey constitutions established the length of terms for elected leaders from two to six years, they probably thought those were the right lengths to enable those leaders to focus on both short- and long-term issues. Unfortunately, most of the focus has been on the short term with little planning for the longer-term issues. Long-term has come to mean getting past the next election.
The rebirth of the suburbs: The impact of aging millennials and driverless car technology
This multiyear transformation of our downtown areas has led to speculation that the single-family, suburban model of development is dead. In this article, I will make a different prediction. Today, I predict that the next great housing boom will be in the suburbs. The millennials will move out of the city and into the suburbs and will commute farther distances, by car, than previous generations.
A tale of two suburbs: Matching tenants, landlords in N.J.
New Jersey’s commercial real estate and business communities are paying significant attention to the repositioning of New Jersey’s aging suburban office campuses as highly amenitized live/work/play environments. And equal focus is being placed on the hyper-customization of interior spaces — especially for headquarters operations — with open layouts and design elements that speak to an organization’s distinct corporate culture.
