A technology startup has opened offices at the sprawling Kearny Point complex after being approved for a rent subsidy program by the state Economic Development Authority.
With the presidential election now less than a year away, 2020 promises to be a year in which politics is difficult to escape. But before businesses and individuals rush to engage in political activity and make political contributions at the county and municipal levels, it is important to review New Jersey’s pay-to-play laws. Because what the real-estate world doesn’t know about political contributions may come back to hurt it.
State and local officials cut a ceremonial ribbon Thursday to mark the major rehabilitation of a decades-old building with 200 apartments for working families in the city’s Central Ward.
The New Jersey Apartment Association has recognized dozens of member owners, managers and other professionals as part of its 26th annual Garden State Awards of Excellence gala.
NJ Transit has tapped a former real estate investment trust executive as its first-ever head of real estate and development, seeking to spur new revenue streams and revitalize the many underused parcels around its train stations.
Developers and local officials have broken ground on a new $2 million park in Jersey City that will look to be a focal point for an emerging residential neighborhood.
Among the many issues facing our nation, the availability of affordable housing, or lack thereof, is a problem that lawmakers have been trying to address for decades. Federal programs that either support the development of affordable housing or provide assistance to renters through vouchers have been woefully underfunded, and state and local elected officials are looking for solutions. Unfortunately, some have turned to rent control as an answer. But the reality is that rent control will not only fail to solve our affordable housing crisis, it will actually make it worse.
It’s been very well publicized that the Tax Cuts and Jobs Act (TCJA) enacted a new opportunity to incentivize real estate investment and development in low-income communities across the country. In October of 2018, the IRS published proposed regulations on this program that provided direction to taxpayers, although many questions were left unanswered. In April of 2019, the IRS sought to address many of those questions by publishing a second set of proposed regulations which provided needed clarity on conducting an operating business within a Qualified Opportunity Zone (QO Zone) and structuring a Qualified Opportunity Fund (QO Fund).
Gov. Phil Murphy and Tammy Murphy were among those on hand Friday, Oct. 25, to tour the first phase of the American Dream project. — Courtesy: Edwin J. Torres/Governor’s Office By Joshua Burd Gov. Phil Murphy and other top state…
Pennrose has opened the doors to a new 100-unit affordable and supportive housing complex in Woodbridge, following a four-year redevelopment effort in partnership with the township.