As Woodbridge Mayor John McCormac will tell you, a neighborhood can have a 30-year-old, polluted industrial site that has been abandoned for more than a decade — yet local residents still oppose the mere concept of redevelopment.
Certainty and predictability can be hard to come by these days, so real estate and finance professionals will settle for a little conviction when it comes to the Federal Reserve. They got exactly that last week at an event hosted by the Rutgers Center for Real Estate.
Subaru of America may scale back its plans to expand in Camden in the wake of Gov. Chris Christie’s recent decision to end tax reciprocity between New Jersey and Pennsylvania.
A long-awaited but contentious solution to the state’s transportation funding crisis is heading to the desk of Gov. Chris Christie, who has agreed to sign the $16 billion infrastructure plan.
As new construction activity heats up in downtown Hackensack, the city is now seeking a developer to transform a parking lot into a mixed-use “gateway” to its central business district.
Public officials and business leaders broke ground Wednesday on the next phase of a project to expand Newark’s Riverfront Park, a plan that calls for a boardwalk, walkway system and other amenities to connect the Passaic River to the city’s downtown.
A vote by local officials in Emerson could bring a developer one step closer to building a mixed-use project that would transform part of the town’s central business district.
A bipartisan deal, unveiled Friday at the Statehouse, calls for raising the state’s gas tax for the first time since 1988 to replenish the Transportation Trust Fund. The 23-cent-per-gallon increase will fund a $2 billion TTF plan over the next eight years, with 100 percent of gas tax revenues constitutionally dedicated to repair and replace the state’s roads and bridges.
The developer seeking to complete the American Dream Meadowlands project is moving ahead with plans to seek $1.15 billion in bonds for the project, now that an opposition group has agreed to drop its challenge.