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.

Atlantic City: Developer, city officials sign MOU for $3 billion Bader Field redevelopment

A developer has taken a key step in a bid to transform Atlantic City’s Bader Field, signing a memorandum of understanding with city officials in connection with a nearly $3 billion proposal that includes housing, retail and a racetrack.

DMR details new Community Energy Plan adopted by Prospect Park

The borough of Prospect Park has adopted a new Community Energy Plan, working in tandem with DMR Architects, as it looks to meet the state’s growing list of goals and regulations tied to renewable energy.

Newark issues RFQ for builders, nonprofits for new equitable growth housing initiative

The city of Newark has issued a call for experienced contractors, developers and nonprofits for a new program to make housing more affordable and, in the process, expand opportunities for minority- and women-owned firms in real estate.

Jersey City Summit, high-profile development showcase, set to return May 22

The popular Jersey City Summit is set to return on May 22, marking its eighth year as it prepares to welcome more than 1,000 attendees for the annual real estate industry showcase.

Leaders in New Jersey housing, redevelopment pay tribute to late Sen. Ron Rice

The death of former state Sen. Ronald Rice resonated throughout New Jersey this week, drawing tributes from groups including those involved in housing and urban redevelopment.

Sack Business Alliance names new executive director

The Main Street Business Alliance in Hackensack has tapped a veteran entrepreneur and executive as the new head of the special improvement district.

Westfield council greenlights HBC redevelopment of Lord & Taylor site, nearby lots

Local officials in Westfield have cleared the way for the Hudson’s Bay Co. to redevelop a vacant Lord & Taylor site and several adjacent blocks downtown, with plans calling for more than 300,000 square feet of office space and some 200 residential units.

Biotech firm takes 28,000 sq. ft. in Jersey City, plans move from Brooklyn with EDA tax credit

A biotechnology firm is moving from Brooklyn to Jersey City after being awarded a seven-year, $3.5 million tax credit under the Economic Development Authority’s Emerge program.

Perth Amboy taps city native as executive director of redevelopment agency

The Perth Amboy Redevelopment Agency has named a lifetime city resident and longtime public servant as its new executive director.

Premature electrification: Will we really have the power to last?

I admire the governor’s confidence that our utility companies and infrastructure will be ready to satisfy this new desire for electric power. However, it is unclear if New Jerseyans will be clamoring for more electricity. Most New Jerseyans can neither afford the price of an electric vehicle nor the additional costs of electric appliances, nor the utility itself. Nevertheless, I applaud the governor for prioritizing the need to combat climate change through an accelerated target of 100 percent clean energy by 2035, ambitious goal-setting for electrification of the state’s building sector with an additional 400,000 residential and 20,000 commercial units by 2030 and collaborative planning for the future of the state’s natural gas utilities.