What can state government do to help redevelopment in New Jersey? The real estate community certainly has its own ideas, but so does a lawmaker and a former longtime mayor. Assemblyman Jim Kennedy answered that very question last week, raising the need for liquor license reform and highlighting what has become been a top priority for New Jersey’s commercial real estate sector.
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.
Labor constraints driving investment decisions
The shortage of labor with the right skillset and talent is being felt across all sectors and is much more pronounced in some parts of our state. Building owners, businesses, communities and government officials — all of whom are in the real estate business, need to take steps to attract the younger generations who are today’s and tomorrow’s consumers and workforce.
Hurdles remain in push to repair N.J. highways, advocate says
Despite a new dose of funding from the state’s gas tax, New Jersey is still far from achieving the level of investment it needs to sustain its vital transportation infrastructure. That was one key message on Wednesday from a top advocate for infrastructure spending, who offered a mix of good news and bad news to a crowd of developers and service professionals.
A fast start to a busy year
As we’ve been reminded over the last two years, industry leaders have long feared that federal tax reform could spell the end of many of the loopholes enjoyed by developers and investors. It became clear last fall that benefits such as the 1031 exchange would live to see another day, but as we came to learn, that was just the beginning of how the commercial real estate sector would stand to gain under President Trump’s tax overhaul.
