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.

ULI Northern New Jersey names R&J senior account exec as PR chair

The Urban Land Institute’s Northern New Jersey chapter has tapped a Bridgewater-based public relations professional to spearhead its outreach and engagement in the region.

Changes coming to long-term tax exemption statute

Several bills affecting the long-term tax exemption statute are slowly making their way through the New Jersey Legislature. While each bill addresses different provisions of the statute, the common theme among them is one of restrictiveness.

CBRE: Social services agency inks nine-building, $8.27 million portfolio sale

A nonprofit children’s services agency has sold nine properties totaling nearly 82,000 square feet, under a series of newly completed transactions by CBRE.

Reeling from new rent control laws, N.Y.C. investors set their sights on New Jersey

A landmark package of new rent control laws passed by the New York State government in mid-June appears to have kick-started a new kind of boom for the New Jersey real estate market. The laws, which dramatically strengthened tenant protections in New York City, took key steps such as repealing what was known as the vacancy bonus provision, which had allowed a property owner to raise rents as much as 20 percent each time a unit became vacant.

GZA project manager tapped for DEP advisory post

A senior project manager at GZA GeoEnvironmental Inc. has been named to a key advisory board for the state Department of Environmental Protection.

EWMA readies for environmental remediation changes set out in SRRA 2.0

Comprehensive updates to New Jersey’s 2009 Site Remediation Reform Act (SRRA), signed into law on August 23, will impact how thousands of properties in the state are remediated and redeveloped.

As expected, Murphy vetoes bill to extend tax incentives

Gov. Phil Murphy has officially rejected a bill that sought to extend the state’s tax credit incentives, which lawmakers hoped would have provided time to find a long-term solution for the controversial programs before they expired earlier this summer.

With new community on the rise, Weiss has his eye on another large Jersey City redevelopment

Having built nearly 800 apartments in an emerging section in Jersey City, veteran developer Sandy Weiss and his firm now hope to replicate that approach — seeking to build on their experience of trying to build a new neighborhood from scratch. The company is the designated master redeveloper for about four city blocks just east of the New Jersey Turnpike extension, where it has proposed building more than 2,300 apartments for a mix of income levels.

Development group launches first Opportunity Zone projects in Orange

A development team has concluded its first round of fundraising for two projects under the federal Opportunity Zone program, with plans to break ground next year on a combined 168 apartments near the Orange train station.

EDA streamlines, expands eligibility for municipal grant program for stranded assets

The state Economic Development Authority is expanding a program aimed at helping municipalities tackle vacant or underused commercial and retail properties in their towns.