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.

State awards program honors Walters senior affordable housing project in Branchburg

The state has recognized Walters for one of the development firm’s newest projects — a 150-unit age- and income- restricted property in the Somerset County borough of Branchburg.

Profeta named to NJIT board of trustees

State officials have appointed Paul V. Profeta, the founder of Paul V. Profeta & Associates and publisher of Real Estate NJ, to New Jersey Institute of Technology’s board of trustees.

CIS, Hoboken officials tout plan for city’s first senior affordable housing project in 30 years

A proposal to build Hoboken’s first new senior affordable housing property in decades has secured a key approval, paving the way for an expected 2025 groundbreaking.

Finding a balance: For Reynolds, right-sizing office space has been key to Lawrence Township redevelopment plan

The planned redevelopment of Princeton Pike Office Park in Lawrence Township will feature the mixed-use elements that are increasingly popular in New Jersey. But, departing from the trend, it will keep half its office space.

Three buildings at 3131 Princeton Pike, now known as CANVAS, will be demolished starting this fall or in early 2025, making way for 204 apartments and 17,000 square feet of restaurant and retail space. That will reduce the office space at the park by nearly 40 percent, to about 167,000 square feet, leaving three buildings that are now thriving and nearly fully leased after a recent makeover.

Wick breaks ground on 60,000 sq. ft. retail center at historic Woodbridge intersection

Wick Cos. LLC has broken ground on more than 60,000 square feet of new retail space in Woodbridge that will revitalize a long-vacant property at the junction of routes 1 and 35.

The right mix

It may well be decades before New Jersey’s suburban office market is no longer overbuilt. That is, of course, assuming that property owners and local officials find the type of common ground needed for redevelopment, as we try to highlight when we come across those stories. We have one such example in our latest issue.

McManimon Scotland adds Shahid, Stern to deepen commercial real estate, bankruptcy teams

Falak Shahid has joined McManimon Scotland & Baumann LLC as an associate with its commercial real estate practice, one of two new additions to the Roseland-based firm.

Dunellen planning board OKs 50-unit rental project downtown, Taylor Architecture says

A developer has secured a key approval for a project that would bring 50 new apartments and commercial space to Dunellen’s growing downtown.

MSW adds Russo, Lesser as associates to strengthen land use, construction law teams

Murphy Schiller & Wilkes has bolstered several key practice groups with the addition of Tiana Russo and Joshua Lesser as associates, the Newark-based firm announced.

EDA approves $11.5 million Aspire award for Somers Point affordable housing project

A developer is planning a 43-unit affordable housing project in Atlantic County with the help of a newly approved, $11.5 million tax credit under the state’s Aspire program.