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.

Hospitality & Tourism
Bailey details plan to transform Monmouth Park with residential, hotel and community spaces

Real estate magnate Morris Bailey has unveiled plans for a sweeping mixed-use development on some 80 acres alongside Monmouth Park, in a project that is decades in the making and long seen as a key to the future of the iconic Jersey Shore racetrack.

Government & Public Policy
EDA eyes $10 million grant program to support small businesses buying liquor licenses

State officials are developing a new grant program that would help small businesses defray the cost of a liquor license purchased under a landmark law enacted earlier this year.

Government & Public Policy
Scutari, acting governor, signs law to allow self-certification of construction documents

Commercial real estate leaders are cheering a newly enacted state law that will allow architects and engineers to self-certify applications for construction permits and other documents, touting it as another step toward streamlining development and cutting red tape.

Government & Public Policy
New 550-seat theater for New Jersey Symphony coming to Toll Bros. site in Jersey City

The New Jersey Symphony has found a new permanent home, with plans to occupy a 44,000-square-foot theater within a prominent Tolls Brothers Inc. development in Jersey City.

Retail
Newark awards $1.2 million to seven city small businesses, supporting growing retail scene

Newark city officials are giving a boost to local businesses, pledging $1.2 million in funding for seven restaurants and organizations as part of a plan to activate its retail corridors.

Government & Public Policy
Bayonne city council votes to allow 50-story building in key redevelopment area

Officials in Bayonne have taken a key step toward allowing a developer to build a 50-story high-rise along its waterfront, doubling the previous height allowed for any building in the city.

Government & Public Policy
Judge tosses lawsuit challenging Scotch Plains’ downtown redevelopment plan

A state Superior Court judge has dismissed a lawsuit by professional services firm PS&S that sought to void a redevelopment plan adopted by Scotch Plains, following the town’s decision in 2021 to change developers for a key piece of its downtown.

Top News
Panepinto, Incheon City sign MOU to execute $5.1 billion development in South Korea

Panepinto Properties is embarking on another major project in South Korea, having agreed to spearhead a $5.1 billion mixed-use development near Seoul-Incheon International Airport.

Professional Services
MSW welcomes Brendan Pytka as director of tax credits and incentives

Murphy Schiller & Wilkes LLP has tapped Brendan Pytka as its director of tax credits and incentives, further bolstering the law firm’s offerings for commercial real estate developers.

Government & Public Policy
State OKs $22 million Aspire package for Newark health care center project

State officials have given a major boost to another development in Newark, approving a nearly $22 million tax credit award for a new ground-up health care project in the South Ward.