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.

Events
ULI Northern New Jersey unveils honorees for April awards gala

The Urban Land Institute’s Northern New Jersey chapter has announced the winners of its 2024 Excellence Awards, highlighting a host of projects and professionals involved in land use and development in the state.

Government & Public Policy
NJAA’s Trani promoted to manager of education

The New Jersey Apartment Association has promoted Alexa Trani to manager of education, with a focus on expanding the organization’s professional development platform.

Deals
Investor acquires 321-unit affordable housing tower in Camden, eyes $104 million rehab plan

Hudson Valley Property Group is planning a major preservation and rehabilitation of Northgate Apartments at 433 North 7th St. in Camden, with plans calling for site infrastructure upgrades, mechanical system replacements and many in-unit bathroom, kitchen and apartment safety improvements.…

Events
Rutgers unveils full lineup for high-profile symposium, case study on distressed assets

The lineup is set for next week’s Rutgers Center for Real Estate symposium on distressed property, where some two dozen industry experts will tackle the issue through the lens of a detailed case study.

Editor’s Note
Another chapter

As you’ll read in this month’s cover story, the city of New Brunswick ended 2023 on a high note when Nokia announced that it would become the new home of its iconic Bell Labs division. The company, which will move from its historic campus in the Murray Hill section of Union County, plans to occupy a built-to-suit, 360,000-square-foot research tower at the new HELIX campus by 2028. It’s slated to do so under a lease with SJP Properties, which will build the facility in partnership with New Brunswick Development Corp., the project’s master developer, in a signature deal for the city and for the three-building, multibillion-dollar redevelopment project.

Government & Public Policy
Cherry Hill farm parcel sold as open space for $3.9 million, Rose Commercial says

The township of Cherry Hill has acquired a 26-acre tract in the municipality for nearly $3.9 million, in a deal arranged by Rose Commercial Real Estate.

Deals
Lee & Associates inks sale of historic church building, longtime Masonic Lodge in Madison

A historic building in downtown Madison is slated to become a new community space after changing hands for $1.1 million, in a deal arranged by Lee & Associates New Jersey.

Professional Services
CSG real estate, property tax attorney Kim promoted to counsel

Chiesa Shahinian & Giantomasi PC has elevated real estate and property tax attorney Daniel Kim to the position of counsel with the Roseland-based firm.

Features
Multifamily projects, public investments setting the stage for new-look downtown in Berkeley Heights

A spate of public and private investment is transforming the area around the train station in Berkeley Heights and allowing this small township on the western edge of Union County to reimagine a walkable and commuter-friendly downtown.

Top News
NJBA installs Tantleff as board chair, pledging continued focus on housing affordability

The New Jersey Builders Association has installed Debra Tantleff as its new board chair, tapping a key figure in the industry as it prepares for a new year of advocacy and education for thousands of professionals involved in housing construction.