Policy Page

Our updates and analysis will keep you informed of every piece of legislation and public policy issue that affects commercial real estate in New Jersey, from a zoning dispute or a proposed change to the tax code.

Giving is for all of us – government, too

Never has there been a more appropriate time to be charitable and share what you have with those in need. As our businesses continue to suffer the effects of the pandemic, more and more workers will be impacted.

Jersey’s comeback must be sustainable, reflective of migrations and crises

In a year of headlines dominated by the pandemic, financial crisis, racial justice movement and climate change-induced natural disasters, a new report can help local, policymakers understand the challenges we must face and the emerging opportunities we cannot afford to squander.

McManimon Scotland adds to redevelopment law practice group

McManimon, Scotland & Baumann LLC has made an addition to its commercial real estate team, one of five new hires for the Roseland-based law firm.

Taking the temperature of New Jersey’s economy and commercial real estate sector

We are now more than six months into the pandemic that shut down much of New Jersey’s economy in early March. I thought it would be a good time to pause to look at where we are in terms of recovering from the staggering unemployment and economic losses caused by the health crisis. There is some surprisingly good news, but it must be taken with a strong dose of caution.

Workforce wellness, resiliency and ironclad industrial sector: Keys to recovery

Despite the ongoing adverse impacts from the COVID-19 pandemic, some experts report that the macroeconomic trends are looking favorable nationally, and especially for New Jersey, but it’s going to be pretty slow going. Marked differences exist among the various sectors, not all of which have bottomed out yet.

Workplace absence leads to decline in office demand

Much of the workforce has been absent from offices/workplaces and transportation systems since mid-March. Has this absence “made hearts grow fonder” to return? Not entirely, according to some experts.

Re-entry to the new workplace in a post COVID-19 reality

With eyes on recovery, Gov. Phil Murphy has formed a “cabinet-level” advisory commission to focus on the macro issues, including resilience, infrastructure and messaging, and a Restart and Recovery Advisory Council with subcommittees to work out the details of how and when various sectors of the workforce will resume operations. Landlords and tenants will confront myriad issues as the stay-at-home restrictions are lifted and businesses reopen under a new set of protocols.

The virus that is radically reshaping our world

My original plan for this Earth Day was to report on New Jersey’s sustainability challenge and how commercial real estate is adapting to natural, governmental and market forces. Given the magnitude and velocity of the COVID-19 disruption that is hourly reshaping our economy, industry and very existence, that plan quickly evaporated. Instead, this piece discusses the general impact of COVID-19 on our economy, and how CRE developers, owners, asset managers and affiliated professionals are meeting these challenges, assisting in relief efforts and informing government at all levels on how best to navigate their strategic response.

Waves of change bring opportunity to New Jersey’s suburbs

Jersey is looking better all the time — especially the suburbs. That’s my conclusion after reading a new Rutgers University report that provides an impressive amount of detail and analysis on economic, demographic and market trends which can help public officials plan for the future in ways that may help regenerate our suburbs and the overall state economy.

A new way of doing things for 2020

My hope for 2020 is that our government officials will find the courage and willingness to tackle some thorny issues, including: overhaul New Jersey’s retirement and health care plans for state and school employees, consolidate school districts and remove barriers to allow regionalization of tax assessment, health services, municipal courts and fire and police services. If tackled, these measures will, over time, provide for better care and services to taxpayers while freeing up billions of dollars to invest in infrastructure, retraining and education programs and reducing the crushing tax burden on residents and businesses.