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.

Residential & Mixed Use
HVPG details plan to preserve, update newly acquired affordable housing in Asbury Park

Hudson Valley Property Group has acquired a 170-unit multifamily complex in Asbury Park, expanding a portfolio that now includes nearly 30 properties in the state.

Technology
CoreWeave begins $1.8 billion data center project in Kenilworth, landing first award under new EDA tax credit program

CoreWeave has started construction on a nearly $1.8 billion data center in Kenilworth with the help of what will be a five-year, $250 million tax credit award under a new state program.

Residential & Mixed Use
Newly approved ‘M Lofts’ to bring 150 rentals to Morristown as key development continues

Officials in Morristown have all but cleared the path for a development that would bring 150 new apartments to a long-underused site near the landmark M Station office campus.

Government & Public Policy
EDA backs Liberty Science Center refresh, expansion with $40 million tax credit award

State officials have pledged their support to a planned expansion of the Liberty Science Center in Jersey City — including more than 100,000 square feet of new outdoor exhibition space — under a $40 million project that would also refresh the museum’s indoor offerings.

Government & Public Policy
Morristown’s Mayo PAC poised for $65 million expansion, update with new state tax credit

The acclaimed Mayo Performing Arts Center in Morristown is set to begin a major expansion and renovation after securing a $65 million tax credit award under a new state program.

Residential & Mixed Use
East Orange planning board OKs 115-unit rental project in growing arts, transit district

A developer has secured a key entitlement for a plan to build 115 apartments in a fast-growing section of East Orange, according to a team with Taylor Architecture & Design.

Government & Public Policy
Commercial, multifamily leaders outline top policy goals for new Sherrill administration

Leaders of the state’s main commercial and multifamily real estate organizations are embracing the chance for a fresh start under Gov.-elect Mikie Sherrill, seeking to tackle everything from housing costs to energy policy when she takes office in early 2026.

Government & Public Policy
Circulate NJ congratulates Sherrill, pledges to work with governor-elect to support logistics sector

Circulate NJ, the fast-growing business coalition supporting the state’s logistics industry, is pledging to work with Gov.-elect Mikie Sherrill after the Democrat’s convincing win in Tuesday’s election.

Government & Public Policy
Hartz lands $57 million Aspire award to clean up, redevelop Secaucus site as 775,000 sq. ft. warehouse

Hartz Mountain Industries will build a new 775,000-square-foot warehouse in Secaucus with the help of a nearly $57 million tax credit under New Jersey’s Aspire program, following a major environmental cleanup at the site that allows it to qualify for the incentive award.

Government & Public Policy
EDA approves Paramount as ‘studio partner,’ allowing for bonus tax credits at Bayonne campus

Paramount’s new production hub in Bayonne is now eligible for larger awards under New Jersey’s Film and Digital Media Tax Credit program, following a vote Thursday by state officials to designate the company as a so-called studio partner at the campus.