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
Jonathan Rose lands $92 million for Newark affordable housing rehab

Jonathan Rose Cos. has secured more than $90 million in financing and equity to rehabilitate and enhance a 429-unit affordable housing complex in Newark.

Government & Public Policy
State unveils online navigator, mapping tool for New Jersey Opportunity Zones

State officials have launched a new website and interactive mapping tool aimed at helping local governments, investors and other stakeholders navigate the 169 census tracts in New Jersey that have been designated under the federal Opportunity Zone program.

Residential & Mixed Use
North Jersey multifamily investors launch JV focused on Opportunity Zones

Two New Jersey real estate firms have joined forces with a focus on the new federal Opportunity Zone program, having already teed up more than $85 million in multifamily investments.

Office
Atlantic City milestone: New HQ tower marks completion of Gateway project

South Jersey Industries has opened the doors to its new 72,000-square-foot headquarters in Atlantic City, joining Stockton University’s new campus as part of a high-profile, $210 million project to diversify the city’s economy beyond gaming.

Industrial
WRE: Brooklyn publisher set to buy Rahway building, expand into New Jersey

A large Brooklyn-based publishing company is expanding into New Jersey with the planned acquisition of a 256,000-square-foot building in Rahway, thanks in large part to a 10-year, $8.25 million tax credit package from the state Economic Development Authority.

Government & Public Policy
EDA: Delivery startup weighing 300,000 sq. ft. facility in South Jersey

State officials have offered a 10-year, $39 million tax credit package to encourage an online delivery startup to open a nearly 300,000-square-foot facility in Gloucester County.

Residential & Mixed Use
TD Bank closes $6 million loan for veterans housing expansion in Somerset

TD Bank has announced a commitment to finance the expansion of a Somerset County housing community for veterans, where developers are set to nearly double the number of affordable apartments.

Events
ULI highlights top New Jersey CRE projects, industry leaders at awards dinner

The Urban Land Institute honored a dozen commercial real estate projects and industry leaders last week as part of an annual awards dinner hosted by its northern New Jersey chapter.

Office
Fintech firm debuts Newark office after move from Manhattan

A financial technology firm has opened its new office in downtown Newark, thanks in large part to a $6.5 million state incentive that helped lure the company from Midtown Manhattan.

Photos
SLIDESHOW: Rutgers conference on Opportunity Zones draws sold-out crowd

More than 200 industry leaders and influencers turned out recently for a Rutgers Center for Real Estate conference on the new federal Opportunity Zone program.