Government & Public Policy

From zoning disputes to the federal tax code, public policy affects the commercial real estate sector far more than you may realize. For industry leaders, government and politics demand constant attention.

Government & Public Policy
Morristown’s Mayo PAC poised for $65 million expansion, update with new state tax credit

The acclaimed Mayo Performing Arts Center in Morristown is set to begin a major expansion and renovation after securing a $65 million tax credit award under a new state program.

Residential & Mixed Use
East Orange planning board OKs 115-unit rental project in growing arts, transit district

A developer has secured a key entitlement for a plan to build 115 apartments in a fast-growing section of East Orange, according to a team with Taylor Architecture & Design.

Government & Public Policy
Commercial, multifamily leaders outline top policy goals for new Sherrill administration

Leaders of the state’s main commercial and multifamily real estate organizations are embracing the chance for a fresh start under Gov.-elect Mikie Sherrill, seeking to tackle everything from housing costs to energy policy when she takes office in early 2026.

Government & Public Policy
Circulate NJ congratulates Sherrill, pledges to work with governor-elect to support logistics sector

Circulate NJ, the fast-growing business coalition supporting the state’s logistics industry, is pledging to work with Gov.-elect Mikie Sherrill after the Democrat’s convincing win in Tuesday’s election.

Government & Public Policy
Hartz lands $57 million Aspire award to clean up, redevelop Secaucus site as 775,000 sq. ft. warehouse

Hartz Mountain Industries will build a new 775,000-square-foot warehouse in Secaucus with the help of a nearly $57 million tax credit under New Jersey’s Aspire program, following a major environmental cleanup at the site that allows it to qualify for the incentive award.

Government & Public Policy
EDA approves Paramount as ‘studio partner,’ allowing for bonus tax credits at Bayonne campus

Paramount’s new production hub in Bayonne is now eligible for larger awards under New Jersey’s Film and Digital Media Tax Credit program, following a vote Thursday by state officials to designate the company as a so-called studio partner at the campus.

Top News
Paramount coming to Bayonne’s 1888 Studios campus with landmark 285,000 sq. ft. lease

The massive 1888 Studios project in Bayonne has signed a landmark deal with Paramount, the iconic media and entertainment company, securing an anchor tenant for the campus and further cementing New Jersey as a destination for film and television production.

Top News
NJ Transit plans RFP for ‘destination’ anchor for restored Hoboken ferry terminal

NJ Transit is seeking a new anchor tenant for the 117-year-old Lackawanna Ferry Terminal that it’s restoring as part of its sweeping Hoboken Connect redevelopment project with LCOR.

Editor’s Note
High stakes for CRE

Advocacy is central to a four-year strategic plan that NAIOP New Jersey unveiled at the start of 2025, as are other key goals such as creating new value for NAIOP members and improving the perception that public officials, residents and other outside stakeholders have of the commercial real estate sector. The blueprint also calls for elevating the chapter’s position in the industry, enhancing partnerships with academia and expanding its community service programs.

Cover Story
On the horizon: NAIOP New Jersey is future-focused (at a pivotal time), with strategic plan in place and a governor’s race looming

This year’s gubernatorial and legislative elections loom large amid NAIOP New Jersey’s new four-year strategic plan and its focus on advocacy, creating new value for its members and elevating the commercial real estate sector in the minds of outside stakeholders.