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.
Major tenants and occupiers are now taking a closer look at agile real estate offering nimble, dynamic layouts in which employees can float from one type of a work area to another or move seamlessly between office locations. That means developers and landlords should be following suit if they plan on staying competitive in a quickly changing office sector.
Many market watchers say that New Jersey real estate has become increasingly attractive to investors from beyond the state. Some believe that trend could only grow under the next generation of the embattled EB-5 visa program.
A pair of top industrial developers offered a glimpse at two of New Jersey’s largest warehouse and logistics projects, detailing plans that would add nearly 7 million square feet across two coveted submarkets.
NAIOP New Jersey will honor two of the industry’s top players in capital markets and commercial mortgage banking as part of its annual awards gala this spring, where it will also recognize a pair of influential developers and one of the state’s longest-serving mayors.
The Urban Land Institute honored a dozen commercial real estate projects and industry leaders last week as part of an annual awards dinner hosted by its northern New Jersey chapter.
The new federal Opportunity Zone program is far from perfect in its early stages, U.S. Sen. Cory Booker told a crowd of New Jersey real estate leaders on Monday, but it offers a powerful new incentive for the private and public sectors to steer economic development to low-income areas.