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.

Health Care & Education

EDA approves $271 million tax credit for massive health, life sciences campus in New Brunswick

The state has approved a $271 million tax credit for a plan to build more than 570,000 square feet of research and academic space in downtown New Brunswick, including a new home for the state’s flagship medical school and facilities for startups and entrepreneurs.

Professional Services

Parsippany-based engineer among newest principal-level promotions by Langan

Langan has promoted a veteran engineer based in its Parsippany headquarters, in one of seven newly announced moves across its leadership team.

Red Bulls, Gensler detail plans for newly approved training campus in Morris Township

The New York Red Bulls have tapped Gensler as its lead architect for a long-awaited new training complex in Morris Township, where plans call for redeveloping a large piece of the former Honeywell International headquarters property.

Finance & Capital Markets

Kennedy Funding closes $3.7 million land loan to developer in Peru’s eighth-largest city

Kennedy Funding has closed a land loan that will help a developer advance a mixed-use project in northwestern Peru, the Englewood-based direct private lender announced.

Deals

NAI Hanson inks sale of parking lot, would-be development site in downtown Newark

A prospective developer has acquired a parking lot in Newark’s growing Lincoln Park neighborhood, in a recent deal by NAI James E. Hanson.

Office

Commvault to sell Fort Monmouth headquarters for $40 million, lease back ‘small footprint’

Data management giant Commvault is selling and leasing back a fraction of its 275,000-square-foot headquarters in the Tinton Falls section of Fort Monmouth, it said this week.

Residential & Mixed Use

Hoboken-based Rockabill adds veteran multifamily developer as principal

Rockabill, a development partner and consultant to affordable, supportive and transitional housing owners, has added a multifamily industry veteran to its executive team.

Professional Services

H2M acquires Butler-based Crew Engineers to strengthen water, environmental practice

H2M architects + engineers has completed its acquisition of Crew Engineers Inc., a Butler-based firm focused on water, wastewater, environmental and civil engineering design work.

Industrial

Shearer, NAIOP New Jersey ready for more proactive approach to anti-warehouse sentiment

Rockefeller Group’s Mark Shearer has kicked off a two-year term as NAIOP New Jersey’s chapter president, with plans to expand outreach to highlight the value of warehouse projects amid increasingly fierce resistance to development in the state.

Events

Cushman’s Donnelly among honorees slated for NAIOP New Jersey’s 36th annual gala

Veteran office broker Robert Donnelly will receive NAIOP New Jersey’s lifetime achievement award later this year, one of several honorees unveiled Thursday by the commercial real estate association.