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.

Office
Prism: Roadwork, upgrades continue as ON3 prepares for new users

Prism Capital Partners has completed the first phase of major infrastructure improvements at its ON3 campus in Nutley and Clifton, as it continues to ready the site for new tenants and additional construction.

Residential & Mixed Use
Move-ins set to begin at first new housing at Fort Monmouth property

RPM Development is welcoming the first homeowners at the historic Fort Monmouth property, where it has rehabilitated a series of buildings that once served as housing for officers.

Government & Public Policy
Liquor license reform bill advances in Assembly

A bill that would create new specialized, lower-cost liquor licenses and likely provide a boost to New Jersey’s commercial real estate sector has cleared another hurdle in the Legislature.

Government & Public Policy
State honors three projects with housing, economic development awards

The state has doled out its annual Governor’s Excellence in Housing and Economic Development Awards, recognizing three well-known projects in northern and central New Jersey.

People
PS&S strengthens design, engineering platform with four new hires

John Sartor, CEO and president of PS&S By Joshua Burd PS&S has announced four new hires, including a new head of its building services group and three additions to its land services team. The Warren-based architecture, engineering and environmental consulting…

Government & Public Policy
EDA to launch municipal planning grant program for ailing office, retail buildings

The state has taken a new step to support municipalities seeking to tackle the issue of vacant or underused commercial and retail properties in their towns, under a new planning grant program announced Thursday by the Economic Development Authority.

Residential & Mixed Use
Developer launches $20 million affordable housing rehab in East Orange

A developer has kicked off a $20 million rehabilitation of a 180-unit former public housing complex in East Orange, under a partnership with the city’s housing authority.

Government & Public Policy
Hoboken details revised hotel plan with $4.5 million in community givebacks, union labor

A developer seeking to build a new waterfront hotel in Hoboken has pledged $4.5 million in community investments, under a deal that city officials say could be a model for future projects.

Government & Public Policy
Remediation is now everyone’s business

Throughout the state, New Jersey is cleaning contaminated sites and turning them into productive, attractive new uses that are safe for the population and the environment. The state’s LSRPs are proud to be part of this success.

Finance & Capital Markets
Developer secures LIHTC financing for 84-unit Newark project, Day Pitney says

A developer is tapping into the federal Low Income Housing Tax Credit program as part of a planned 84-unit, mixed-income rental project in Newark, in one of several recent transactions announced by Day Pitney LLP.