In a state where available industrial space is already in short supply due to our exploding e-commerce sector, asking prices and rents for older and smaller industrial buildings may soon be rising dramatically. Also on the rise will be demand for the power needed to fuel plant growth and maintain proper growing conditions.
Four hundred and fifty trains carry 200,000 riders through the twin tubes of a tunnel that connects Newark to New York every work day. Built by our great grandparents’ generation, that tunnel has carried trains since the Titanic was being assembled in an Irish boatyard over a century ago.
The state has offered a $32.3 million tax credit to a Brooklyn-based biotech firm that is considering a move to the former Hoffmann-LaRoche campus in northern New Jersey.
Union County officials have cut the ribbon on a new 78,000-square-foot courthouse and family justice center in Elizabeth, marking the completion of a project designed by Netta Architects.
A developer is hoping to build support for a plan that would bring a new high-end retail center to Middletown, one that it says will be a modern alternative to the aging, cookie-cutter strip malls and big-box stores that line the Route 35 shopping corridor.
The New Jersey Apartment Association has earned national recognition for its work in the Garden State, including a prestigious top honor for its executive director.
Amid the sweeping push to reform the state’s outdated liquor license laws, stakeholders in Hackensack are seeking a more targeted solution for their city. Business leaders and local officials have thrown their support behind a bill that would allow builders in transit-oriented, downtown redevelopment zones to apply for yearly liquor permits based on the new residents that their projects would bring to the area.
In a state that is increasingly dependent on redevelopment in densely populated, infrastructure-rich towns and cities, lawmakers are mulling changes to a tax abatement statute that is often seen as critical to bringing those projects to life.