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.

NJCU joins public officials, PRC Group to open new location at Fort Monmouth

New Jersey City University has unveiled its new location at Fort Monmouth, in another key addition to the historic U.S. Army base and an expansion of higher education in the area.

State bar association taps Fersko for cannabis law executive committee

A top real estate attorney with Greenbaum Rowe Smith & Davis LLP has joined the leadership of the New Jersey State Bar Association’s Cannabis Law Committee.

Experts say ‘stranded’ office, retail sites can thrive as new-look community hubs

Experts say the way to revive outdated, underutilized commercial properties in New Jersey is to make the sites an essential part of their communities. That can mean increasing the amount of public green space or adding mixed-use elements, among other options aimed at redeveloping so-called stranded assets.  

Plainfield planning board OKs project with 357 apartments, rooftop restaurant space

Local officials have granted a key approval to a four-building project that would bring more than 350 apartments and commercial space to the edge of downtown Plainfield.

Transit village project, Gateway tunnel in focus in Buttigieg visit to Somerville

A new mixed-use transit village in downtown Somerville took center stage during a recent visit by U.S. Transportation Secretary Pete Buttigieg, highlighting the importance of infrastructure investment as Congress debates a $1 trillion spending package.

Outside the box

By and large, it’s been a decade of good news for New Jersey industrial’s sector. I’m certainly thankful for the steady stream of updates on deals and developments up and down the state, especially in a pandemic that has threatened other asset classes. That can also present a challenge as we look to keep our content fresh, nuanced and informative in an area that has been so consistent.

EDA now accepting applications for commercial ERG projects

The state Economic Development Authority is now accepting applications for commercial construction projects under a relaunched gap financing program.

LCOR announces design, construction team for Hoboken rail yards project

LCOR, the developer tapped to transform the sprawling rail yards in southern Hoboken, has unveiled its team of design, construction and leasing professionals for the project.

Developer breaks ground on 156-unit apartment tower, first of two in West New York

Construction is underway on the first of two towers that will make up a new 312-unit apartment complex in the Hudson County town of West New York.

Infrastructure investment: A winning strategy for resilience

We can likely all agree that modern and efficient infrastructure systems are a major factor in real estate development and investment decisions. Such strategic, long-term investments lead to increased opportunities for commercial real estate development and result in stronger job creation and economic growth for our communities.