Technical changes to the 10-year-old Site Remediation Reform Act incorporate many lessons learned since the law was originally enacted, industry insiders said last week, as a bill that would update the program now awaits a decision by Gov. Phil Murphy.
More than 200 members of New Jersey’s commercial real estate sector turned out to honor Christopher Johnson of Hollister Construction Services, raising more than $375,000 for an annual event hosted by the March of Dimes North Central New Jersey.
A crowd of hundreds turned out Thursday for Monmouth University’s 26th real estate awards dinner, honoring Ralph Zucker and Anthony Marchetta as part of an annual scholarship fundraiser and show of support for the university’s Kislak Real Estate Institute.
The main access road into the sprawling, distinctive Kearny Point development is slated to become significantly greener and more welcoming to pedestrians and cyclists, thanks to a new $3 million federal grant that was awarded to its host municipality.
Two of the state’s most ambitious redevelopment and adaptive reuse projects were among the top honorees Thursday at NAIOP New Jersey’s annual gala, where a crowd of hundreds celebrated the commercial real estate industry and some of its leading figures.
The state’s largest office lease of 2018 took home top honors at an annual luncheon hosted by the United Way of Northern New Jersey, which also recognized industry icon Finn Wentworth as part of a fundraiser that drew more than 500.
With the state’s two main incentive programs set to expire on June 30, a high-ranking state lawmaker called on Gov. Phil Murphy to consider extending the deadline and allow policymakers to revamp the tax credit offerings without interruption.
State Senate President Steve Sweeney last week came to the defense of New Jersey’s use of tax incentives — a recent target of Gov. Phil Murphy’s administration — while pledging to find a solution to extend and update the programs by the time they sunset on June 30.
As developers continue to invest in downtown Newark, the city is attracting both new residents and businesses. That makes it all the more important to create amenities and spaces that will bring permanent foot traffic during the day and at night, which has become a growing focus for both public- and private-sector leaders in the state’s largest city.