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.

Retail
Sussman: Ex-restaurant in Marlton sells for $2.3 million, set to become cannabis shop

The site of a shuttered restaurant in Evesham Township is set to become a cannabis dispensary after changing hands last month for $2.3 million, in a deal arranged by A.J. Sussman Co.

Residential & Mixed Use
JLL: Developer seeking joint venture for 286-unit rental project at ‘Silk Lofts’ site in Bayonne

The owner of a mixed-use development site in Bayonne is seeking a joint venture partner, hoping to unlock a project that is fully approved for 286 apartments and new retail space.

Industrial
Circulate NJ welcomes Solar Landscape, Casdale Energy Cost Management as newest members

Solar Landscape and Casdale Energy Cost Management have joined Circulate NJ, adding to the business coalition’s roster of top players in New Jersey’s industrial real estate sector.

Residential & Mixed Use
Jay Lombardo of CJ Lombardo Co. begins tenure as NJAA board president (SLIDESHOW)

The New Jersey Apartment Association has welcomed Jay Lombardo of CJ Lombardo Co. as its board president for the next two years.

Government & Public Policy
NJBA launches legal challenges against towns seeking to lower affordable housing obligations

The New Jersey Builders Association is suing nearly 160 municipalities that have sought to reduce their affordable housing obligations under a law adopted last year, setting up a new round of legal battles as state officials roll out the closely watched program.

Residential & Mixed Use
Construction underway on Walters’ new 73-unit affordable housing property in Hainesport

Walters has broken ground on a collection of 73 upscale, income-restricted apartments in the Burlington County township of Hainesport.

Technology
EDA, Nokia Bell Labs to open new hub for commercializing research at New Brunswick’s HELIX campus

A new facility focused on commercializing scientific research is coming to the HELIX — the acclaimed campus under construction in downtown New Brunswick — under a partnership announced this week by state officials and Nokia Bell Labs, a future tenant at the site.

Professional Services
DRG Architects acquires Vitetta, expanding footprint in Pennsylvania

DRG Architects is expanding westward with the acquisition of Vitetta, a practice with deep ties to Central Pennsylvania.

Government & Public Policy
Perth Amboy approves Kushner plan for 602 rentals, public amenities along city’s waterfront

Kushner and city officials in Perth Amboy have taken a key step in a plan to bring more than 600 apartments and retail space to a nearly 16-acre stretch along the Arthur Kill waterfront.

Government & Public Policy
Bill to boost housing density with extra state aid to towns clears Assembly committee

State lawmakers are hoping to create new housing in New Jersey with an incentive-based approach, unveiling a bill that would boost aid to municipalities that update their zoning to allow for higher-density residential development.