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.

Residential & Mixed Use
West Orange site, once home to ailing office park, now thriving with 423 rentals, public library

A sweeping new development with more than 400 apartments and a public library has taken shape in West Orange, revitalizing what was an ailing office park overlooking Interstate 280.

Government & Public Policy
Trenton to acquire vacant hotel with $4 million grant, one of 12 approved under EDA program

State officials have approved a $4 million grant to help the City of Trenton acquire a vacant hotel property that’s slated to be redeveloped under a proposed mixed-used project.

Technology
Brightcore, Luminace detail new community solar project at Fairfield and Montville properties

New solar panels are coming to eight commercial buildings in Fairfield and Montville as part of a project announced Wednesday by Brightcore Energy and Luminace.

Industrial
Developers, business groups launch ‘Circulate NJ’ coalition to tout logistics industry amid pushback to warehouse projects

Commercial real estate and business leaders have a launched new coalition to promote the benefits of New Jersey’s logistics sector and defend against rhetoric that has stalled a growing number of warehouse development projects in recent years.

Editor’s Note
Looking forward

As you’ll read in this month’s cover story, builders and advocates see New Jersey’s new affordable housing guidelines as a good starting point after more than a decade of uncertainty, conveying cautious optimism even as they confront the financial hurdles, legal battles and political debates that have slowed housing production in the past.

Government & Public Policy
Cautious optimism: Developers, advocates say new DCA guidance brings much-needed structure to affordable housing debate

The path is by no means clear, not even by the most optimistic accounts. But new guidelines on addressing New Jersey’s affordable housing deficit is a key starting point for builders and advocates as they mull the next phase of residential development in the state. Stakeholders have said as much in recent weeks, conveying cautious optimism even as they grapple with the financial hurdles, legal battles and political debates that have slowed housing production in the past.

Residential & Mixed Use
Advance, growing footprint in Hoboken’s North End, breaks ground on 52-unit rental project

Advance Realty Investors has broken ground on a project that will bring 52 new luxury apartments to a key intersection in Hoboken’s growing North End.

Industrial
Cannabis cultivator takes 48,000 sq. ft. for new facility in Atlantic County, Chilmark says

A new cannabis cultivation facility is coming to Atlantic County as part of a recent lease arranged by Chilmark Real Estate Services LLC.

Government & Public Policy
Superior Court sets key date for arguments on new N.J. affordable housing obligations

A state Superior Court judge has set a date for oral arguments on whether to halt adoption of new affordable housing obligations for New Jersey’s 564 municipalities, following a legal challenge by more than 20 towns to recent guidelines from the Department of Community Affairs.

Residential & Mixed Use
KRE, National unveil third tower at Journal Squared to conclude pioneering, 1,840-unit project in historic Jersey City neighborhood

Kushner Real Estate Group has debuted the third and final piece of Journal Squared, the collection of more than 1,800 luxury apartments that’s widely seen as a main catalyst for the decade-long development boom in Jersey City’s historic commercial district.