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
Weehawken parcel sold to Amtrak for $60 million after eminent domain settlement

Amtrak has taken control of a key parcel near the Hudson River waterfront in Weehawken, having acquired it for $60 million after an eminent domain settlement negotiated by Carlin, Ward, Ash & Heiart LLC and Winne Banta Basralian & Kahn PC.

Professional Services
Connell Foley real estate attorneys among newest partners at Roseland-based firm

Connell Foley LLP has elevated real estate attorneys Thomas Leane, Melissa Lopez and Robert Verdibello to partner as part of a new round of promotions at the Roseland-based firm.

Residential & Mixed Use
Developer lands site plan approval for 156-unit rental project in Irvington

A developer has taken a key step toward bringing 156 new apartments and retail space to a well-known corridor in Irvington, according to a project team with Taylor Architecture & Design.

Residential & Mixed Use
Walters hits full occupancy at new 50-unit affordable housing property in Holmdel

Walters has leased up a new 50-unit residential property in Holmdel, one of the latest additions to its portfolio of income-restricted housing at the Jersey Shore and across the state.

Residential & Mixed Use
Community Investment Strategies, Dodge Foundation partner to preserve affordable housing

Community Investment Strategies is teaming with the Geraldine R. Dodge Foundation to upgrade and preserve the region’s affordable housing stock, starting with a 169-unit property in Elizabeth.

Professional Services
DIGroup acquires Queens-based Graf & Lewent Architects

DIGroup Architecture LLC has expanded its footprint and its offerings with the acquisition of Graf & Lewent Architects LLP, an established practice based in Queens.

Editor’s Note
Taking notice

As you’ll read in this month’s cover story, developers are laying the groundwork for what could be a new wave of apartment construction in downtown New Brunswick, seeking to meet the needs of workers that will come from the transformative, large-scale commercial projects that are taking shape. City officials say they’ve approved plans for residential projects with more than 2,000 units since the start of 2022, with hundreds more in the pipeline, setting the stage for a major infusion of new housing.

Events
Milanaik to receive lifetime achievement award as NAIOP honors top CRE deals, professionals

Esteemed developer Jeff Milanaik will headline this year’s NAIOP New Jersey Commercial Real Estate Awards Gala, where the association will also unveil its coveted Deal of the Year winners while honoring several other key figures and service providers.

Professional Services
Veteran real estate attorney Bandazian joins Giordano Halleran as shareholder

Longtime commercial real estate attorney Khoren Bandazian has joined Giordano, Halleran & Ciesla PC as a shareholder, the Red Bank-based firm announced Wednesday.

Events
SLIDESHOW: Thousands arrive for Atlantic Builders Convention in Atlantic City

Thousands descended on Atlantic City on Wednesday as the Atlantic Builders Convention kicked off its first full day, drawing a crush of developers, vendors and service providers to a sprawling exhibit floor and a series of programs at the Hard Rock Hotel & Casino.