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.

Developers break ground on housing, nonprofit space at Paterson mill property

A joint venture has broken ground in Paterson on a $26 million project that will bring affordable housing and space for a local nonprofit to the site of a historic mill building.

Insiders see growing (but measured) demand for new, more targeted state incentive program

With the recent approval of the first awards under Emerge, the state’s new jobs-based tax incentive program, officials and other insiders expect to see a measured pace of applications for a subsidy that was designed to be more discerning and targeted than its predecessor.

Casiello joins ACDevco board of directors

A local resident and well-known commercial real estate professional has joined the board of ACDevco, the nonprofit developer focused on key projects in Atlantic City.

Developer plans 75 apartments, entertainment space at historic Fort Monmouth complex

A developer has purchased 20 acres at Fort Monmouth, with plans to convert a series of historic buildings to create 75 apartments and new commercial and entertainment space.

Third-party inspectors would solve shrinkage of public employees

As of this writing, legislation to facilitate the timely review and inspection of construction activities, which have been on the rebound now that the worst of the pandemic is behind us, is awaiting Gov. Phil Murphy’s signature. We need the third-party option because the number of public-sector inspectors has substantially diminished over the last 10 years and will continue to do so.

Environmental attorney joins Scarinci Hollenbeck

Scarinci Hollenbeck has bolstered its New Jersey environmental practice with the addition of a veteran attorney in the field.

Jersey City, MBC unveil 1.5-acre park in growing residential neighborhood

A new public park has opened in Jersey City, serving as a focal point for thousands of apartments that have helped revive a depressed industrial area near the Holland Tunnel.

CRE.Converge takeaways: Connectivity, technology and flexibility yield resilience

Over 1,000 of commercial real estate’s top owners, developers, investors and allied professionals gathered in Miami Beach last month for NAIOP’s CRE.Converge event to hear insightful discussions with industry thought leaders.

Starting anew

The debate over New Jersey’s corporate incentive programs has been well-chronicled in recent years, but regardless of where you fall on the issue, there’s no denying their influence on the state’s commercial real estate market. That influence was all but gone for two years after Grow New Jersey and other subsidy programs were allowed to expire in summer 2019, with no immediate replacements in sight until Gov. Phil Murphy and lawmakers agreed on new incentives late last year. The state is now putting those offerings to work, starting with the jobs-based Emerge program that will fill the void left by Grow New Jersey.

NYT: Netflix to bid on 289-acre Fort Monmouth parcel, eyeing massive production hub

Netflix has declared its intention to bid on nearly 300 acres of property at Fort Monmouth, where it reportedly wants to build a sprawling production studio after outreach by Gov. Phil Murphy.