Amazon said it won’t reopen its search for a second headquarters after pulling out of New York City, but who’s to say that Newark and other shortlisted cities will just quietly step aside?
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.
Experts: A changing, evolving EB-5 visa program could benefit New Jersey developers
Many market watchers say that New Jersey real estate has become increasingly attractive to investors from beyond the state. Some believe that trend could only grow under the next generation of the embattled EB-5 visa program.
Hollister, RBH mark topping out for new Rutgers building in Newark
A new residential and academic building for nearly 400 Rutgers University students in Newark is on track to open this summer after topping out earlier this month.
Incentives are investments that build over time
Gov. Phil Murphy’s economic vision calls for a State of Innovation that builds a stronger and fairer economy in New Jersey and sets goals related to faster job growth, faster median wage growth, increased venture capital investment, closing the racial and gender wage employment gaps and encouraging thriving urban centers. These are laudable goals and I believe we will get there, if we are careful in how we invest our scarce financial resources, which include incentives for the workforce so desperately needed and the targeted industries that generate the jobs required to help achieve these goals.
Morris: Edgewood residents hurt by government shutdown can defer rent payments
Edgewood Properties is doing its part to help those impacted by the partial government shutdown, allowing federal employees who live at its buildings to defer their rent payments. In the process, it hopes other apartment operators will follow suit.
Incentives: A look at Murphy’s plans to streamline, cap subsidy programs
Gov. Phil Murphy detailed his plans to update the state’s incentive programs, speaking Wednesday during an event in Jersey City. — Courtesy: Edwin J. Torres/Governor’s Office By Joshua Burd After lashing out at New Jersey’s high-profile tax credit incentives, Gov.…
RPM earns county planning award for housing project at Fort Monmouth
Monmouth County officials have recognized RPM Development Group for its role in transforming the historic Fort Monmouth property, following the opening of its 68-unit residential project at a historic officers housing complex.
Real Estate NJ’s 2019 Market Forecast
What does the year 2019 have in store for New Jersey’s commercial real estate market? We recruited some of the most influential developers, professionals and thought leaders in New Jersey commercial real estate to give us their predictions for the year ahead.
NAIOP: Comptroller report only reinforces need for updated incentives in New Jersey
New Jersey’s use of tax incentives drew harsh criticism from a new audit by a state watchdog agency, but commercial real estate leaders say they welcome the scrutiny — and see it as a step toward updating and renewing the programs later this year.
Newark affordable housing complex sells for $47.5 million
Jonathan Rose Cos. has sold a 360-unit, age-restricted affordable housing property in Newark for more than $47 million, according to brokers involved with the transaction.
