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.

Retail
Atlantic City: Vantage Commercial inks sale of 3.7-acre site slated for cannabis grow facility

The operator of a planned marijuana cultivation facility has acquired 3.7 acres in Atlantic City’s tourism district, brokers with Vantage Commercial announced Thursday.

Retail
Cannabis dispensary takes 2,500 sq. ft. for new West Orange location, Blau & Berg says

A new cannabis dispensary is coming to West Orange after completing a lease for 2,500 square feet, in a newly announced deal by The Blau & Berg Co.

Government & Public Policy
Murphy calls for five-year phaseout of liquor license cap, tax credit for existing holders

Gov. Phil Murphy has revealed new details of a proposal to update the state’s decades-old liquor licensing program, seeking to balance new economic growth with the interests of existing operators.

Professional Services
Godun named first-ever director for sustainability at Ware Malcomb

Ware Malcomb has tapped one of its top architects in the region as its director for sustainability, a newly created position for the international design firm.

Hospitality & Tourism
Study: Meadowlands convention center, hotel complex would yield $30 billion over 30 years

A new Meadowlands convention center and hotel complex would generate $30 billion in new spending over 30 years, according to a study revealed Friday by supporters of the proposal.

Industrial
Manufacturer eyes expansion in Carteret, as mayor hosts company leaders from South Korea

A global cosmetics maker is expanding its operations in Carteret as part of a plan to overhaul its 139,000-square-foot plant just west of the New Jersey Turnpike.

Residential & Mixed Use
Belgiovine sworn in as NJBA president, helming five-member executive board

The New Jersey Builders Association has installed its new executive board, including a 45-year construction and real estate industry veteran as its president for the next 12 months.

Residential & Mixed Use
Veteran multifamily executive Penn kicks off two-year term as NJAA president

The New Jersey Apartment Association has elected a long-serving member and longtime property management executive in the state as its newest board president.

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.