Industry leaders hailed the accomplishments of Joe Riggs, a longtime group president with K. Hovnanian Enterprises, during an evening reception in Florham Park. The New Jersey Builders Association hosted the event as part of a fundraiser for its political action committee, drawing some 250 homebuilding executives and professionals to the Park Avenue Club and raising about $150,000.
Stakeholders are celebrating a project that is not only a long time coming, but coming at perhaps the perfect time for Newark.
Business leaders and public officials gathered in Newark on Monday for groundbreaking ceremony for One Theater Square, a $116 million residential tower across from the New Jersey Performing Arts Center.
A career seminar hosted by Montclair State University’s Feliciano School of Business connected attendees with real estate industry leaders in several specialties, including brokerage, property management, value-add investing, development and institutional investing.
It was a night in which one of the state’s biggest legislative issues in recent memory was in the spotlight, as voters prepare to consider constitutionally dedicated transportation funding.
Experts touted the success of two separate classes in the state’s multifamily sector. One set consists of the high-end, newly built rentals along the Hudson waterfront, while the other includes the older, garden-style apartments that are farther west, but ripe for value-add improvements.
With Election Day looming, real estate investors can’t help but think about Uncle Sam. A panel of experts in that industry explained why last week, pointing to the prospect of changes to federal regulations that they have come to rely on to do business and improve their returns.
Frank Wong has worked for Rutgers University for 30 years, but the last five have been especially busy for the head of the school’s planning and development office.
That’s no surprise, given the high-profile projects seen at Rutgers’ flagship campus in recent years — from the “wildly successful” new 550-bed residential honors college in New Brunswick to the iconic town square and retail space known as The Yard at College Avenue.
As Woodbridge Mayor John McCormac will tell you, a neighborhood can have a 30-year-old, polluted industrial site that has been abandoned for more than a decade — yet local residents still oppose the mere concept of redevelopment.
Certainty and predictability can be hard to come by these days, so real estate and finance professionals will settle for a little conviction when it comes to the Federal Reserve. They got exactly that last week at an event hosted by the Rutgers Center for Real Estate.