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 tax impacts of debt: What owners and investors should know

Leverage is an important instrument for real estate owners and investors. Utilizing leverage appropriately can help enhance returns, build a diversified portfolio, strategically enter the market, and provide tax benefits. As the capital markets have become increasingly challenging, many lenders are requiring guarantees by the mortgagors. The use of a guarantee can drive surprising tax results. This article will concentrate on how mortgage debt affects the tax basis of acquired property, as well as the investment basis of real estate owners and investors in partnerships (note that real property held in different types of entities may yield varied outcomes).

Parking at multifamily properties is overbuilt, Rutgers study finds, highlighting need for new state guidelines

Demand for parking at multifamily properties in New Jersey is well below what state guidelines require, according to a newly released study by the Rutgers Center for Real Estate, highlighting the potential to reduce construction costs, improve housing affordability and soften the environmental impact of new development by easing state mandates.

City, state officials break ground on highly touted pedestrian bridge to link Newark’s downtown, Ironbound section

Construction is set to begin on a long-awaited pedestrian bridge that will connect downtown Newark to the city’s acclaimed Ironbound neighborhood, helping to spark new development and create additional access to both Newark Penn Station and the Prudential Center.

City agency OKs pact to bring 471,000 sq. ft. warehouse, open space to key Perth Amboy site

A large piece of Perth Amboy’s waterfront is slated to become more than 470,000 square feet of modern warehouse space, recreation space and pad-ready development sites near the city’s downtown, under a plan to clean up and revitalize the long-vacant industrial parcel.

Prime City breaks ground on two affordable housing projects in Orange

Development firm Prime City has started construction on two projects in Orange that will bring a combined 13 units of affordable housing to the municipality.

Murphy picks DCA’s Suárez, head of local government services, as agency’s next chief

Gov. Phil Murphy has announced his choice to lead the state Department of Community Affairs after the death of Lt. Gov. Sheila Oliver, who had led the agency since taking office in 2018.

New homeless shelter opens in Jersey City under plan for new Claremont apartment tower

The new St. Lucy’s Shelter has opened its doors at 612 Grove St. in Jersey City, following a project by Arc Building Partners in conjunction with the Archdiocese of Newark. — Courtesy: ARC By Joshua Burd Arc Building Partners has…

DIGroup marks National Minority Enterprise Development Week

DIGroup Architecture is reinforcing its commitment to diversity both internally and externally, as the New Brunswick-based firm marks National Minority Enterprise Development Week.

Developer lands $90 million Aspire tax credit award for 350-unit Newark rental project

A developer has secured a $90 million tax credit award for its plan to build a 14-story, 350-unit apartment building just south of Newark’s Broad Street station.

Murphy taps BPU’s Guhl-Sadovy to succeed Fiordaliso, agency’s late president

Gov. Phil Murphy has tapped New Jersey Board of Public Utilities Commissioner Christine Guhl-Sadovy as the agency’s new leader, following the sudden death last week of longtime President Joseph L. Fiordaliso.