As you’ll find out in this month’s cover story, developers and brokers that have long focused on New Jersey are now stretching beyond the traditional boundaries of the state’s industrial market. And they are stretching them in every direction — for different reasons — in their quest to keep pace with tenants that are adopting a more regional approach.
What infrastructure improvements does New Jersey need to support development for the next 20 years? We assembled a panel of industry experts to tackle this month’s question.
Beyond retail and industrial, how has e-commerce impacted commercial real estate? We assembled a panel of industry experts to tackle this month’s question.
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.
Medical tenants have become increasingly critical to the retail sector, creating a new opportunity for landlords who have grappled with e-commerce and bankrupt retail chains. New Jersey is no exception, and the opportunity comes as urgent care centers, physical therapists and other businesses experience rapid growth spurred by major changes in the health care industry.
For a business that started in Manhattan, New Jersey seemed like a logical extension for CityMD. But the urgent care chain says that’s as much about culture as it is about geography or the 5 million people in the northern part of the state.
No one infrastructure project has the potential to cripple our economy, disrupt our lives, lower real estate values and drive employers to seek alternative locations than the Gateway Project to expand and repair the Hudson River rail tunnels and replace the Portal North Bridge. Why, then, haven’t our local, state and national leaders yet secured the funding, approvals and entitlements needed to get this project done, despite the wakeup call back in 2012 when Superstorm Sandy wreaked havoc on a single tunnel in an area responsible for 20 percent of the U.S. GDP?
A development group is set to break ground on 84 new apartments just north of downtown Newark, a project that will revitalize a busy corner just off Interstate 280.
Our July cover story takes a look at the growth of medical retail and all of the nuances that come along with it. For one thing, there seems to have been a perfect storm that paved the way for this movement: Retail was hurting after the Great Recession, while the Affordable Care Act expanded the insured population and changed how health care was delivered. As you might guess, New Jersey was impacted by these forces as much as any other market.
With nearly 1,000 apartments under construction and some 2,000 more in its pipeline, Capodagli Property Co. is preparing for the next phase of its growth by launching a new hospitality platform that will bring cafés and restaurants to its future developments.