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
Policy playbook: NJBA aims to tackle construction, housing costs on multiple fronts in Trenton

Developers are cautiously optimistic about new legislation to streamline affordable housing production in New Jersey, but it’s far from their only public policy objective in 2024.

Professional Services
ESA’s Fullmer named vice president of technical services

ESA has promoted David Fullmer to vice president of technical services, in a move aimed at better supporting its growing staff and environmental services platform.

Government & Public Policy
NJ Transit: Ground lease with LCOR ‘sets the stage’ for Hoboken Connect groundbreaking

The long-awaited Hoboken Connect project took a key step forward on Tuesday with the approval of a ground lease between NJ Transit and LCOR, the developer for what’s slated to include new apartment and office towers and upgrades to the city’s historic transit terminal.

Health Care & Education
Hackensack Meridian breaks ground on new office, health center at mixed-use Metropark site

Construction is set to begin on nearly 250,000 square feet of new corporate and medical office space in Woodbridge, the future home of a Hackensack Meridian Health facility and the first piece of a distinctive mixed-use project at the Metropark train station.

Government & Public Policy
EDA set to begin info sessions for new Emerging Developers grant program

The state Economic Development Authority is kicking off a series of in-person and virtual information sessions to introduce its new $20 million Emerging Developers Fund.

Residential & Mixed Use
Boraie lands $90 million Aspire tax credit pledge for 333-unit Newark residential project

Boraie Development has secured a 10-year, $90 million tax credit award to build a 25-story, 333-unit luxury apartment tower along the Passaic River in downtown Newark.

Government & Public Policy
EDA approves $114 million tax credit for major HMH health care hub, apartments at Metropark

The state has pledged nearly $114 million in tax credits over 10 years to a project that would transform the Metropark train station in Woodbridge, where plans call for 235 apartments and nearly 250,000 square feet of office and medical space for Hackensack Meridian Health.

Residential & Mixed Use
Alpert Group, Newark officials break ground on first phase of Terrell Homes redevelopment

Construction is underway on a project that will bring dozens of age-restricted affordable housing units to Newark, the first piece of a multiphase plan in the city’s East Ward.

Professional Services
Langan makes 17 leadership promotions in Parsippany, Princeton offices

Langan has promoted more than 15 of its New Jersey-based professionals as part of a series of executive-level moves to start the year.

Finance & Capital Markets
PGIM inks $41 million loan for rehab of 321-unit Camden affordable housing tower

PGIM Real Estate has provided nearly $41 million in financing to a developer that plans to revitalize a 321-unit affordable housing property in Camden, the lender announced.