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
EDA approves $20 million in Aspire tax credits for senior housing projects in Essex, Gloucester

The state has approved another $20 million in tax credits under the Aspire program, clearing the way for developers to build or renovate a combined 164 apartments for seniors in Essex and Gloucester counties.

Top News
Hackensack business group launches new-look website for downtown

Business leaders in downtown Hackensack have launched a new website aimed at promoting efforts to revitalize the commercial district.

Industrial
Cervenka closes on 19-acre parcel in Denville, eyes 119,000 sq. ft. industrial project

Cervenka Development Partners has acquired a 19-acre parcel in Denville that it plans to develop as nearly 120,000 square feet of modern logistics space, the firm announced Thursday.

Government & Public Policy
New EDA grant program to help local agencies buy vacant properties for redevelopment

The state Economic Development Authority has launched a $24 million grant program aimed at helping governmental agencies and nonprofits acquire vacant properties for future redevelopment opportunities.

Residential & Mixed Use
Winn, ART-JIUS open 74-unit affordable housing project at historic Paterson mill site

A development team has unveiled 74 new apartments in Paterson as part of a project that included new construction and the restoration of a historic mill property.

Government & Public Policy
Turnpike Authority unveils impact study for replacing, widening Newark Bay extension

The New Jersey Turnpike Authority has taken a key step in its plan to replace a major piece of the Newark Bay-Hudson County Extension, the critical but chronically congested artery that connects the highway to Bayonne and Jersey City.

Events
NAIOP New Jersey unveils President’s Awards, Hall of Fame honorees for Nov. 6 program

NAIOP New Jersey will honor eight members and commercial real estate industry leaders next month when it hosts its annual President’s Awards and Hall of Fame Dinner.

Residential & Mixed Use
Regan Development, HMFA debut 85-unit senior, supportive housing project in Little Ferry

Regan Development Corp. has opened a new 85-unit apartment building in Little Ferry that will provide affordable housing for seniors and residents with special needs.

Office
New public plaza, park space opens at Jersey City’s Exchange Place PATH station

City officials and business leaders in Jersey City have debuted a new waterfront park for the public and daily office users in the PATH train-anchored Exchange Place district.

Government & Public Policy
Developer signs 400-acre ground lease for Atlantic City Airport, eyes multimodal industrial site

A developer has signed a ground lease at the Atlantic City International Airport that could pave the way for new industrial space across a 400-acre swath of the property.