A new year is upon us, bringing new opportunities and new uncertainty for New Jersey’s commercial real estate market. To make sense of it all, we recruited some of the industry’s most influential professionals, developers and thought leaders to share their predictions for the year ahead. You can find those insights and more in our special 2020 Market Forecast.
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.
PS&S adds veteran wastewater utility official to Wall office
PS&S has hired a longtime public utility official in Monmouth County as the newest edition to its water resources team.
EDA, NJIT announce new center for brownfields cleanup
The state Economic Development Authority is teaming with the New Jersey Institute of Technology to establish a new initiative aimed at helping local governments clean up and reposition brownfield sites within their borders.
Normandy closes on Jersey City, Hackensack projects under Opportunity Zone fund
Normandy Real Estate Partners has closed on two transactions under the federal Opportunity Zone program, as it touts a milestone in its effort to raise $250 million for such investments.
CSG adds veteran municipal attorney, former Atlantic City business administrator
Jason Holt — Courtesy: Chiesa Shahinian & Giantomasi PC By Joshua Burd Chiesa Shahinian & Giantomasi PC has bolstered its team of real estate and property tax attorneys with the addition of a longtime municipal official in the state. Jason…
HMFA awards $22.5 million in tax credits, supporting 1,200 affordable units
State officials have awarded more than $22 million in new funding under a federal tax credit program for affordable housing developers, supporting 17 projects that will create some 1,200 units for families, seniors and residents with special needs.
Office space analytics startup opens at Kearny Point, with EDA support
A technology startup has opened offices at the sprawling Kearny Point complex after being approved for a rent subsidy program by the state Economic Development Authority.
What all real-estate companies, developers and professionals need to know about political contributions
With the presidential election now less than a year away, 2020 promises to be a year in which politics is difficult to escape. But before businesses and individuals rush to engage in political activity and make political contributions at the county and municipal levels, it is important to review New Jersey’s pay-to-play laws. Because what the real-estate world doesn’t know about political contributions may come back to hurt it.
Affordable apartments in Newark rehabbed with LIHTC tax credits
State and local officials cut a ceremonial ribbon Thursday to mark the major rehabilitation of a decades-old building with 200 apartments for working families in the city’s Central Ward.
NJAA honors leading owners, professionals at annual awards gala
The New Jersey Apartment Association has recognized dozens of member owners, managers and other professionals as part of its 26th annual Garden State Awards of Excellence gala.
