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.
In New Jersey’s booming industrial market — where rent growth is unprecedented and speculative development is rewarded — owners and investors still face a major challenge when it comes to deploying capital and keeping their pipelines filled.
State officials are weighing their options for modernizing the Department of Community Affairs, Lt. Gov. Sheila Oliver said last week, from electronic permitting to the potential to allow municipalities to privatize code enforcement. Far less certain is how they will tackle more high-profile issues such as affordable housing, shared services and the tax credit programs that have fueled development in recent years.
For a market that is seeing an extended growth period, it isn’t all that complicated to sum up what exactly is driving the major trends in commercial real estate lending: Fierce competition. At least, that’s according to panelists at a recent conference hosted by the Rutgers Center for Real Estate, where lenders and other experts gathered to discuss the state of commercial real estate finance in New Jersey and beyond.
The U.S. Green Building Council New Jersey chapter will celebrate six real estate and infrastructure projects at its upcoming awards gala, including a student housing development at Princeton University and a transformative manufacturing campus in Camden.
Officers of IOREBA joined panelists at the dais for the organization’s annual Developer Night, which drew hundreds of industry leaders to the Teaneck Marriott at Glenpointe. — Courtesy: William Neumann Photography By Joshua Burd Sellers of high-end office and industrial…