Current Issue

Keeping it simple

A major source of excitement for those who make a living in the industrial business is the rise of e-commerce tenants and many others who need to be close to population centers represent actual growth in New Jersey’s economy. That means new businesses, new jobs and new requirements that aren’t simply backfilling someone else’s space, given that the tenants that have been here for decades aren’t going anywhere themselves.

Office

Wired for success: Rating system could change how developers approach connectivity, infrastructure

Earlier this year, the rating service known as WiredScore released a full-fledged set of guidelines, providing a roadmap for professionals involved in new commercial developments. And with the growing importance of data and internet connectivity, the rating system offers the potential to play a major role in office leasing going forward.

Current Issue

Here are WiredScore’s top adopters in New Jersey (and a breakdown of how it works)

Mack-Cali Realty Corp.’s holdings along the Jersey City waterfront include three buildings that have achieved platinum-level Wired Certification. — Courtesy: Mack-Cali Realty Corp. The adopters of Wired Certification in New Jersey include some of the state’s most well-known owners and…

Policy Page

Thinking green: The role of indoor farming in older industrial space

In a state where available industrial space is already in short supply due to our exploding e-commerce sector, asking prices and rents for older and smaller industrial buildings may soon be rising dramatically. Also on the rise will be demand for the power needed to fuel plant growth and maintain proper growing conditions.

Personalities

Strategic approach: Bergstein reflects on blockbuster deals and Lincoln Equities Group’s plans to diversify

During his more than 25 years with Lincoln Equities Group — including a full decade as its top executive — Joel Bergstein has seen plenty of changes in the commercial real estate sector.

Roundtable

In a crowded New Jersey multifamily market, what are the biggest concerns, objectives or factors to consider when developing or financing a new project?

Government & Public Policy

Eye on Trenton: Developers wary of proposed changes to tax abatement law

In a state that is increasingly dependent on redevelopment in densely populated, infrastructure-rich towns and cities, lawmakers are mulling changes to a tax abatement statute that is often seen as critical to bringing those projects to life.

Mixed-use light: Target the mix of uses to your market

When exploring options for mixed-use development, it is important to understand the micro market in which you are planning to build. Whether urban or suburban, a close look at existing conditions and other development projects on the boards will identify small niche opportunities for right-sized retail, cultural and restaurant uses.

Retail

Developer aims to create new Jersey Shore destination at Fort Monmouth

A developer’s plan to create a new mixed-use gateway at the landmark Fort Monmouth property is taking shape, with the potential to break ground as soon as early next year.

Editor’s Note

Taking the long view

Most regular readers of this publication can tell that, when it comes to new construction, mixed-use and multifamily projects are the ones making most of the headlines. In fact, there are so many projects in New Jersey these days that we don’t often get to spend much time covering them in depth before we have to move on to the next groundbreaking or ribbon-cutting.