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.

Editor’s Note
Adaptation

The glory days of near-zero vacancy and hard-to-fathom rent growth in the industrial market always came with the slightest bit of tension, especially among veteran landlords who know full well that nothing lasts forever. And with good reason, as we now know, as the asset class grapples with new headwinds that may not have seemed likely only two years ago.

Residential & Mixed Use
LeFrak lands planning board approval for two-tower, 322-unit rental project in Jersey City

LeFrak has secured a key approval to build another 322 apartments in Jersey City, joining a growing list of developers in an area just south of Hoboken and west of the Holland Tunnel.

Government & Public Policy
Carteret eyes construction of new waterfront restaurant pavilion after key DEP approval

Carteret will seek bids to build a new waterfront restaurant pavilion after receiving a key approval from state regulators, in the latest step toward revitalizing a stretch of historically contaminated industrial parcels along the Arthur Kill.

Residential & Mixed Use
HMFA joins developer to open new 72-unit affordable, supportive housing site in Hamilton

A developer has completed 72 units of supportive housing in Hamilton after a project made possible with funding from the New Jersey Housing and Mortgage Finance Agency.

Professional Services
Foundational strength: Organic growth, key acquisitions have fueled GZA’s rapid rise in New Jersey

GZA GeoEnvironmental Inc. has followed a strategy of steady, organic growth and key acquisitions in New Jersey that have strengthened both its foothold and its technical prowess in the region, where it has grown from 40 professionals in 2017 to nearly 120 today.

Professional Services
Dresdner Robin promotes Venin to director of landscape architecture

Dresdner Robin has picked a 10-year veteran of the firm as its new director of landscape architecture, the land use consultancy announced Wednesday.

Top News
Commercial real estate leaders pay tribute to Oliver after lieutenant governor’s death

The death of Lt. Gov. Sheila Oliver is rippling through the state’s commercial and residential real estate industries, whose leaders recalled her as a pioneer and devoted public servant who advocated for affordable housing and economic development.

Government & Public Policy
EDA approves $34 million in Aspire tax credits for Newark, Union City senior housing projects

Developers are poised to bring new affordable senior housing to Newark and Union City with the help of a combined $33.9 million in tax credits approved under the state’s Aspire program.

Residential & Mixed Use
Inspired lands key approval, eyes 2024 groundbreaking for Asbury Park luxury condos

Inspired by Somerset Development has received site plan approval to bring 155 upscale condominiums and retail space to a parcel one block from Asbury Park’s iconic boardwalk.

Office
NJ Transit, Onyx detail 407,000 sq. ft. lease for agency’s new headquarters in Newark

NJ Transit and Onyx Equities have revealed new details about their 25-year lease in downtown Newark, where the agency will occupy some 407,000 square feet for its new headquarters.