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.

The Rundown
Emerson council considers vote to allow new mixed-use buildings 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.

The Rundown
Christie, lawmakers reach deal to fund road projects

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.

Retail
After legal victory, American Dream developer looks to bond sale

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.

The Rundown
Court dismisses challenge to American Dream bond sale

A state appeals court has ruled in favor of the state’s efforts to complete the American Dream Meadowlands project, dismissing a challenge to a $1.15 billion bond issuance that would help a developer resume construction at the stalled retail and entertainment complex.

The Rundown
76ers open new practice facility, team HQ in Camden

The Philadelphia 76ers have unveiled their new state-of-the-art, 125,000-square-foot practice facility near the Camden waterfront.

The Rundown
State Supreme Court takes up latest affordable housing case

New Jersey’s decades-long battle over affordable housing policy is heading back to the state Supreme Court, which has opted to hear an appeal for the latest dispute over how those obligations are calculated for local governments.

Projects
Developer: Crews could return to American Dream in late September

Construction could resume at the stalled American Dream Meadowlands site in the coming weeks, now that efforts to finance the massive project appear to be back on track.

People
NAIOP N.J. hires Giaquinto as chapter admin

By Real Estate NJ Patricia Giaquinto has joined NAIOP New Jersey as chapter administrator and executive assistant, said Michael McGuinness, CEO of the commercial real estate development group’s New Jersey chapter. Giaquinto, a Somerset resident, will manage office operations and…