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.

Government & Public Policy
Netflix one step closer to 1.2 million sq. ft. Fort Monmouth hub with $387 million Aspire award

Netflix has taken a major step in its plan to build a 1.1 million-square-foot studio campus at Fort Monmouth, having secured a $387 million tax credit award under New Jersey’s Aspire program.

Professional Services
WilkinGuttenplan promotes Brady to co-leader of real estate practice

Accounting and advisory firm Wilkin & Guttenplan PC has promoted Amanda Brady to co-practice leader of its real estate division.

Government & Public Policy
Netflix lands key local approvals for Fort Monmouth studio campus, with EDA set to consider Aspire award this week

Netflix has secured two key local approvals for its plan to build a nearly $1 billion studio complex at Fort Monmouth, as it awaits a vote this week on what’s poised to be a lucrative tax credit incentive under the state’s Aspire program.

Top News
Trump picks longtime construction, project executive Walsh as ambassador to Ireland

President-elect Donald Trump has named Ed Walsh, a veteran construction executive and well-known figure in New Jersey commercial real estate, as the next U.S. ambassador to Ireland.

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.

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.