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.

Developer acquires historic officer housing site at Fort Monmouth

RPM Development Group has acquired a historic 117-unit housing complex in Oceanport, marking the first deal on a large piece of the former Fort Monmouth site that was turned over to state officials last fall in an effort to push forward with redevelopment.

Russo, Hornrock picked for ‘gateway’ project in Hackensack

Hackensack city officials have picked Hornrock Properties and Russo Development to transform a 4.3-acre parking lot into a mixed-use complex with 338 residential units and retail space.

Business community mourns Franzini, state’s ‘greatest cheerleader and advocate’

Caren Franzini, who led the state’s Economic Development Authority for nearly 20 years and was among New Jersey’s most revered and well-respected business leaders, died Wednesday.

Design firm lands new planning role with Belmar

Borough officials in Belmar have tapped DMR Architects to serve as its municipal planner, building on the firm’s existing role as the architect for the Jersey Shore town.

Developers, city officials mark grand reopening of historic Hahne’s building in Newark

It was around 2013 when developers first pitched the idea of creating a dynamic, mixed-use destination at the iconic former Hahne & Co. department store in downtown Newark. But it’s fair to say that, for thousands of city residents, the project was 30 years in the making.

Brady retiring from PlanSmart NJ

Ann Brady, the executive director of PlanSmart NJ, will retire this spring after 25 years with the organization.

As expansion cycle winds down, economist still sees upside in real estate market

The U.S. economy is nearing the end of its current expansion cycle, but there are still reasons for optimism about the commercial real estate market in New Jersey and nationally.

With a new name, mixed-use park around Prudential Center moves forward

Public officials and business leaders gathered Wednesday to unveil new details about plans to transform the surface lots around the Prudential Center into a dynamic, mixed-use park area that connects Newark Penn Station to the city’s downtown and Ironbound neighborhoods.

Experts dissect, gauge impact of affordable housing ruling

A ruling by the state Supreme Court on Wednesday is being hailed as a victory for affordable housing advocates and developers, but reaction from other experts and stakeholders was mixed, as they worked to understand what the decision would mean going forward.

N.J. Supreme Court rules towns must count ‘gap years’ in affordable housing obligations

New Jersey towns and cities must account for more than 15 years of unmet need in determining their affordable housing obligations, the state Supreme Court has ruled, paving the way for the development of tens of thousands low- and moderate-income units statewide.