What new trends or market forces will influence commercial real estate lending strategies in the years to come? We assembled a panel of industry experts to tackle our recent roundtable question.
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.
Labor constraints driving investment decisions
The shortage of labor with the right skillset and talent is being felt across all sectors and is much more pronounced in some parts of our state. Building owners, businesses, communities and government officials — all of whom are in the real estate business, need to take steps to attract the younger generations who are today’s and tomorrow’s consumers and workforce.
For Bijou, building neighborhoods is a top priority
Building neighborhoods has been a common thread as Bijou has made its mark on the lesser-known northern and western ends of Hoboken, not only with successful residential projects, but with new retail spaces that can draw foot traffic and activity beyond those who live in the area. In doing so, the firm has helped open new frontiers in its home city, which remains as popular as ever.
A fast start to a busy year
As we’ve been reminded over the last two years, industry leaders have long feared that federal tax reform could spell the end of many of the loopholes enjoyed by developers and investors. It became clear last fall that benefits such as the 1031 exchange would live to see another day, but as we came to learn, that was just the beginning of how the commercial real estate sector would stand to gain under President Trump’s tax overhaul.
Happy New Year or not? Federal reforms bring a mixed bag
Admittedly, “this (tax reform) legislation represents an important victory for NAIOP members and the commercial real estate industry. The first major tax reform in more than three decades, the Act recognizes the important contribution that commercial real estate is making to the economy by supporting pro-growth initiatives and acknowledging the long-term nature of commercial real estate investment.”
With a deep bench, SJP is seizing new opportunities as a third-party developer and partner
With an in-house, full-service construction team — an asset that is increasingly rare among developers — SJP Properties is being both aggressive and creative in keeping its pipeline full in New Jersey. That means everything from third-party development work to joint ventures and acquisitions that could pave the way for new projects.
2018 REAL ESTATE MARKET FORECAST
With the state’s unemployment rate below 5.0 percent, employee recruitment and retention will remain top priorities for office occupiers in the coming year. Rather than remaining in outdated, inefficient workspaces, a growing chorus of companies will pursue relocations to upgraded, amenity-filled office buildings to aid in these efforts.
