Current Issue

Go inside the latest monthly issue of Real Estate NJ, the only New Jersey-based magazine dedicated to commercial real estate in the Garden State.

A winning team

Commercial real estate truly is a people business, which explains why our stories highlighting new hires, promotions and other personnel moves are among the most popular. We’re fortunate to see a steady diet of these updates from all corners of the industry, including the types of announcements that have come from DMR Architects just about every year since we launched Real Estate NJ — five hires here, three new additions there — all to support a growing pipeline and portfolio that includes everything from apartments and hospitals to government buildings.

Insiders see growing (but measured) demand for new, more targeted state incentive program

With the recent approval of the first awards under Emerge, the state’s new jobs-based tax incentive program, officials and other insiders expect to see a measured pace of applications for a subsidy that was designed to be more discerning and targeted than its predecessor.

CRE.Converge takeaways: Connectivity, technology and flexibility yield resilience

Over 1,000 of commercial real estate’s top owners, developers, investors and allied professionals gathered in Miami Beach last month for NAIOP’s CRE.Converge event to hear insightful discussions with industry thought leaders.

Starting anew

The debate over New Jersey’s corporate incentive programs has been well-chronicled in recent years, but regardless of where you fall on the issue, there’s no denying their influence on the state’s commercial real estate market. That influence was all but gone for two years after Grow New Jersey and other subsidy programs were allowed to expire in summer 2019, with no immediate replacements in sight until Gov. Phil Murphy and lawmakers agreed on new incentives late last year. The state is now putting those offerings to work, starting with the jobs-based Emerge program that will fill the void left by Grow New Jersey.

Co-working demand grows in New Jersey, as users seek flexibility amid continued uncertainty

After 18 months doing their jobs from home because of COVID-19, many New Jersey workers are returning to flex and co-working spaces. Operators are responding by adding more private suites to their offerings to make users feel safer from infection — and while they’re keeping a wary eye on COVID’s Delta variant, they’re optimistic about demand, for both the short term and long term.

Which state or federal policy issues could be most impactful to commercial real estate in 2022?

We assembled a panel of industry experts to tackle this month’s question. Here’s what they had to say: Bob Atkins, principal, Atkins Cos. (West Orange) The possible elimination or limiting of the 1031 tax exchange program could have profound impacts…

Fidelco set to revive Newark office tower, in firm’s latest project in downtown neighborhood

Fidelco Realty Group is revitalizing a well-known office tower in downtown Newark at a cost of more than $30 million, with plans that include a sweeping physical upgrade, the addition of a new bar and restaurant and the creation of flexible workspace to serve technology startups. — All renderings courtesy: Fidelco/Perkins Eastman

Connell blends co-working, social club in latest addition to flagship Berkeley Heights campus

The Connell Co. has unveiled a new flexible workspace and social club at The Park, its flagship 185-acre business campus in Berkeley Heights, where members have access to everything from fine dining and evening bar service to personal trainers and fitness classes.

Rockefeller says growth of in-house design, construction team has boosted project speed

In a time when industrial builders can’t deliver new space fast enough, those with in-house design and construction teams are finding ways to speed up the development process. The Rockefeller Group has honed that strategy in recent years with a series of key hires in the region. In the process, executives say the moves have also provided a leg up in the increasingly competitive and increasingly complex search for new sites.

Sudler turns to carbon-reducing concrete tech, seeking greener construction methods

Seeking to reduce the carbon footprint of the construction process, Sudler Cos. has employed the use of carbon-injected concrete to build a new industrial park outside New Jersey. The technology wins praise from others in the industry and, while such materials may not be yet available in the developer’s home state, could be a sign of things to come for builders.