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.

Government & Public Policy
‘The Fed raises rates until something breaks’ — Nice job, Chairman Powell.

There is a famous phrase about Fed tightening: “The Fed keeps raising rates until something breaks.” I am sure everyone at the Fed knows that joke or phrase, and yet that is exactly what they have just done.

Government & Public Policy
Greek scraps implosion of ex-Nabisco tower in Fair Lawn, plans alternative method for demo

Greek Development has called off its plan to implode the remaining piece of the former Nabisco factory complex in Fair Lawn, the site of a planned ground-up distribution center, following several months of concerns by residents about the potential environmental impact.

Photos
IOREBA, MAREJ conference details CRE opportunities and challenges in cannabis market

New Jersey’s fast-growing cannabis market and its impact on commercial real estate took center stage last month as part of an event hosted by the Industrial & Office Real Estate Brokers Association and the Mid Atlantic Real Estate Journal.

Office
Plastic surgeon adds second location with 3,400 sq. ft. lease in Montvale, JLL says

A cosmetic surgery practice has joined the fast-growing roster of health care tenants at a 32,000-square-foot office building in Montvale, according to a leasing team with JLL.

Residential & Mixed Use
Jersey City’s Newport expands public amenities with new lighthouse, green space

LeFrak has unveiled a new lighthouse and park space along the Hudson River in Jersey City, marking the latest public amenity in the acclaimed Newport neighborhood.

Editor’s Note
Supply search

Our April edition highlights the ongoing demand from established pharmaceutical firms, startups and a growing pool of international users for high-quality, turnkey laboratory and manufacturing space in New Jersey — and the opportunity for landlords that can provide it.

Government & Public Policy
Perth Amboy making new push for planning, redevelopment around key city properties

With new leadership in place, officials in Perth Amboy say redevelopment of both the city’s waterfront and its commercial district will be a priority, following years of fits and starts that have hindered large-scale progress in the community.

Government & Public Policy
RPM, Solar Landscape mark Earth Day while showcasing Avenel community solar project

Support for one of New Jersey’s fastest-growing clean energy programs was on display this week, as advocates toured a so-called community solar project at a warehouse in Woodbridge.

Top News
Wentworth among nominees for New Jersey Hall of Fame 2023 public vote

Real estate magnate and philanthropist Finn Wentworth is among 50 nominees for this year’s New Jersey Hall of Fame public vote, joining a high-profile list of famous artists, business leaders and other public figures with ties to the Garden State.

Health Care & Education
DIGroup tapped to plan, design 75,000 sq. ft. cannabis grow facility in Bridgeton

A cannabis manufacturer and cultivator has tapped DIGroup Architecture to plan and design a new 75,000-square-foot facility in Bridgeton.