Optimism is nothing new in Newark, with its rich transportation network, cultural institutions and key anchors in business, health care and academia. But the city still struggles with poverty, education challenges and other barriers that have kept it from blossoming alongside places such as Jersey City, Hoboken and other urban markets, despite billions of dollars in new investment. Panelists said as much last week during Real Estate NJ’s Newark Redevelopment Update, as they debated those challenges and how to unlock the city’s long-held potential.
Event Coverage
Hear what thought leaders, presenters and experts have to say at one of the industry’s many conferences, panel discussions and awards ceremonies.
Multifamily owners, experts debate path forward as interest rate hikes loom (SLIDESHOW)
Interest rate concerns have permeated the commercial real estate landscape in New Jersey and beyond — including the stalwart multifamily sector, which has enjoyed years of rent growth, low vacancy and strong absorption driven by wholesale demographic shifts. Investors and developers are now wrestling with how to forge ahead with deals and projects despite the uncertainty, as they wait to learn how many more rate hikes are still to come.