New Jersey has “everything we need for our future success,” Gov. Phil Murphy said Tuesday, as he highlighted new proposals for tax credits tied to brownfield cleanups, historic rehabilitations and other policies meant to spur new affordable housing and economic growth.
Even in Bergen County — the home of the highest-grossing retail ZIP code in the U.S. — owners and operators are in a race to evolve and face no shortage of challenges.
Experts say Newark is enjoying not only a surge of new private-sector investment, but also a level of interest that is helping to break the stigma that has plagued it for decades.
Retailers and other industrial tenants have long counted on northern New Jersey as a hub for distribution into New York City, but the need for same-day and even two-hour delivery has pushed developers to make big bets in the outer boroughs.
As New Jersey has shown, the industrial sector has become the new darling of commercial real estate in recent years. That was all too clear from the sold-out crowd of more than 850 development executives and other key players who descended on this year’s I.CON event in Jersey City.
Many of the state’s top commercial brokers gathered recently for an annual event hosted by the Society of Industrial and Office Realtors, where the organization recognized some of the Garden State’s top deals of 2017.
Hundreds turned out Thursday for Monmouth University’s annual real estate awards dinner, which marked its 25th anniversary and honored an executive with Rouse Properties for his role in the plan to transform the Monmouth Mall in Eatontown.
A high-profile redevelopment project in Newark was honored Friday before a crowd of more than 500, winning an annual award from the United Way of Northern New Jersey.
Sustainable and ecofriendly projects were in the spotlight on Wednesday night, as the U.S. Green Building Council of New Jersey handed out its annual green building awards.
A crowd of more than 800 turned out Thursday for NAIOP New Jersey’s 31st annual commercial real estate awards gala, where the organization honored some of the industry’s top executives and unveiled its coveted Deal of the Year Awards.