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.

Beckerman turns to climate, sustainability as next frontier for CREtech platform

Commercial real estate’s role in combating climate change will take center stage this week as part of a new conference led by Michael Beckerman — the technology guru, trade show host and former public relations maven — who hopes to push the industry to reduce its carbon footprint.

Decarbonization, electrification journey driving investment and business decisions

As we celebrate Earth Day, it’s impressive to see how many more investment, siting, purchase and business decisions are being driven by growing public demand to reduce our carbon footprint. Government agencies, investors, consumers and businesses are quickly becoming aware of the need and benefits of embracing this paradigm shift. Owners and developers of commercial and industrial real estate property are increasingly accommodating their tenants’ demands for charging stations, solar panels and other brokered services. The popularity of electric vehicles (EV) continues to gain momentum across the globe as green investing is influencing automakers’ plans and the economics of owning an EV are becoming more favorable. Sustainability has become mainstream as society realizes its benefits, including lower costs, cleaner air, less traffic congestion, higher rate of return on investments, less dependence on foreign oil, better quality of life and less extreme weather.

In real time

I try to walk a fine line when reporting on legislation and public policy proposals that may or may not come to fruition. Among them is the push to legalize recreational marijuana in New Jersey, which always seemed somewhat imminent under Gov. Phil Murphy, but still took several years and a voter referendum to become reality.

Pulte continues growth in New Jersey with key partnerships at transit hub developments

PulteGroup has become a key player in some of New Jersey’s largest mixed-use, transit-centric redevelopments over the past decade, having delivered or broken ground on some 1,300 for-sale homes near train stations in partnership with several leading developers.

Newark cultural institutions eye high-profile projects, creation of new downtown arts hub

A series of high-profile development projects are poised to infuse three of Newark’s cultural anchors, while helping to advance economic growth in and around the downtown.

Historic buildings, untapped downtowns driving growth of Prism residential platform

Prism Capital Partners has delivered nearly 1,000 multifamily units in recent years, with a niche in high-profile adaptive reuse projects and a growing pipeline of new ground-up construction.

Denholtz unveils luxury rentals, retail space in latest investment in Red Bank

Denholtz Properties has taken another key step in its plan to help jumpstart Red Bank’s west side, as it prepares to open a new luxury apartment building alongside its headquarters and NJ Transit rail service, making good on a plan that began around 2016.

No worse for wear

Complex, labor-intensive projects have been central to the growth of Prism Capital Partners’ multifamily housing platform. The firm since 2013 has developed nearly 1,000 units, with hundreds more under construction, thanks to its work at Edison Lofts and other industrial-to-residential conversions in northern New Jersey. Notably, it has balanced those projects with a growing pipeline of ground-up, midrise buildings in towns such as Woodbridge and Dunellen, which boast strong demographics and transit-served downtowns despite being lesser-known locations.

Investors chasing value-add apartment deals, as demand for workforce housing intensifies

The need for workforce housing shows no signs of fading in the year ahead, fueling continued demand from investors chasing value-add apartment deals in markets such as New Jersey.

Untethered work: What’s driving office change

Both employers and employees affirm that remote workers can be successful, but it’s still debatable about what the changes mean for commercial real estate, and the office sector in particular.