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.
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.
NJ Transit names new chief of real estate, development for TOD parcels
NJ Transit has tapped a former real estate investment trust executive as its first-ever head of real estate and development, seeking to spur new revenue streams and revitalize the many underused parcels around its train stations.
Jersey City, developers eye 1.5-acre park space for new residential neighborhood
Developers and local officials have broken ground on a new $2 million park in Jersey City that will look to be a focal point for an emerging residential neighborhood.
Rent control is not a solution to our affordable housing crisis
Among the many issues facing our nation, the availability of affordable housing, or lack thereof, is a problem that lawmakers have been trying to address for decades. Federal programs that either support the development of affordable housing or provide assistance to renters through vouchers have been woefully underfunded, and state and local elected officials are looking for solutions. Unfortunately, some have turned to rent control as an answer. But the reality is that rent control will not only fail to solve our affordable housing crisis, it will actually make it worse.
Sax White Paper: Qualified Opportunity Zone Investments – A Summary of the Updated Regulations
It’s been very well publicized that the Tax Cuts and Jobs Act (TCJA) enacted a new opportunity to incentivize real estate investment and development in low-income communities across the country. In October of 2018, the IRS published proposed regulations on this program that provided direction to taxpayers, although many questions were left unanswered. In April of 2019, the IRS sought to address many of those questions by publishing a second set of proposed regulations which provided needed clarity on conducting an operating business within a Qualified Opportunity Zone (QO Zone) and structuring a Qualified Opportunity Fund (QO Fund).
American Dream’s debut: Murphy tours first phase of massive entertainment, retail project
Gov. Phil Murphy and Tammy Murphy were among those on hand Friday, Oct. 25, to tour the first phase of the American Dream project. — Courtesy: Edwin J. Torres/Governor’s Office By Joshua Burd Gov. Phil Murphy and other top state…
Pennrose, local officials unveil affordable, special needs housing in Woodbridge
Pennrose has opened the doors to a new 100-unit affordable and supportive housing complex in Woodbridge, following a four-year redevelopment effort in partnership with the township.
Russo, Forsgate break ground on massive Meadowlands logistics park
Two of New Jersey’s best-known multigenerational development firms have broken ground on a long-awaited project in the heart of the Meadowlands, one that will bring more than 3 million square feet of high-end industrial space to a site that is five miles from the Lincoln Tunnel.
PIRHL, HMFA kick off 86-unit affordable housing project in Somerset County
A development team has broken ground on a residential project that will bring 86 affordable apartments to families in Somerset County.
NJAA members, lawmakers brave Nor’easter for annual PAC reception (SLIDESHOW)
Last week’s “bomb cyclone” Nor’easter was no match for an annual event hosted by the New Jersey Apartment Association, which drew some three dozen lawmakers and more than 150 attendees despite torrential rain and bruising winds.
