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.

Hospitality & Tourism
Home state advantage: Morris, Jingoli discuss plans in Atlantic City, partnership with Hard Rock

Jack Morris and Joe Jingoli, whose families have partnered with Hard Rock International to acquire the former Trump Taj Mahal, bring decades of experience in New Jersey real estate and a level of hands-on, local expertise that an outside investor simply wouldn’t have.

Combined with the resources and the pedigree of a global brand like Hard Rock, Morris and Jingoli feel strongly that their plans for Atlantic City will be the catalyst that is often promised but not as frequently delivered. And they say it’s about more than simply reopening a casino.

Policy Page
Something to brag about: An up-close look at our port performance

As an advocate for the commercial and industrial real estate industry in New Jersey, I am impressed with the progress that has occurred over the last few years in the operation of our Port of New York and New Jersey. Serving on the Council on Port Performance has given me an opportunity to weigh in on and observe numerous programs and initiatives to improve efficiency and service reliability at the port, which benefits our transportation, distribution and logistics industry. This collaborative effort has and continues to tackle various issues related to operational efficiency, including increasing vessel size, labor shortages, shortage of chassis, operating system failures and disruptions — such as Superstorm Sandy, blizzards and construction. With a shared goal of enhanced port operations, the diverse council members deliberate, share information and advocate for reforms that have impact.

Editor’s Note
A new frontier in commercial real estate

For our latest cover story, we spoke to executives behind what are perhaps the two biggest examples New Jersey developers seeking to tap into the sharing economy. In Jersey City, the joint venture behind a new 69-story apartment tower has partnered with Airbnb via the home-sharing giant’s new Friendly Buildings Program. The other developer, Capodagli Property Co., is nearly a year into a partnership with Uber, in which it provides new lease signers with credit to put toward trips through the ride-hailing app.

Residential & Mixed Use
A new corporate address: Flexible-stay community brings a new type of amenity to Florham Park campus

In a time when developers are increasingly creative with the amenities they offer at suburban office parks, corporate housing has become the latest offering at a campus in Florham Park.

Roundtable
What is the role of technology, creativity and innovation in New Jersey’s surging industrial market?

We assembled a panel of industry experts to tackle this month’s Roundtable question. Here’s what they had to say.

Policy Page
With a state government in transition, let’s build on our progress

As we prepare for the next governor and potential changes in the Legislature, it is important to recognize what New Jersey has accomplished in the last several years, continue this momentum and support these programs and initiatives. Our economy is certainly getting better, based on all the construction taking place and today’s low unemployment rate. Affordability and stagnant wages, however, remain challenges to many and are a big reason why a huge proportion of millennials are still living at home with their parents. Without immigration, our population would be dwindling.

Editor’s Note
A growth area in the making?

We set out this month to look at the role of technology companies in New Jersey’s office market. The tech sector certainly isn’t the dominant industry in the state’s economy, but it has provided a rare source of job growth in the last few years that has resulted in new office requirements. We’ve seen companies such as Audible, iCIMS and Jet.com lease space in New Jersey thanks to both state incentives and the type of organic growth that landlords would love to see continue.

Industrial
Industrial strength: Prices are soaring as investors jockey for warehouse, logistics space in New Jersey

Warehouse and distribution space in New Jersey has become a prized asset class among institutions and other major investors, leading to increased competition, surging prices and more creativity by those looking to add industrial to their portfolio.

Industrial
New lease structures, longer terms take hold in N.J. industrial market

Among the many changes that have come to New Jersey’s industrial market — especially those that have rallied investors — Rob Kossar points to the differences in how leases are structured.

Office
Developer aims to transform historic Kearny shipyard into 21st-century workspace

Hugo Neu Corp. is redeveloping the former Federal Shipbuilding and Drydock Co. in Kearny as a hub of flexible office space for startups, creative businesses and others seeking a modern workplace. It aims to do so while taking advantage of the historic, architecturally distinct buildings on the 130-acre site, some of which offer the type of soaring ceilings and open-air feel that appeals to edgier tenants.