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
Rose Commercial touts sale, leases in Medford redevelopment area

A local investor has acquired a 50,000-square-foot retail and industrial building in Burlington County, in one of several newly announced transactions by Rose Commercial Real Estate.

Residential & Mixed Use
Somerset, AvalonBay close land deal in Somerville ahead of 374-unit rental project

Somerset Development has completed the sale of 15 acres in downtown Somerville to AvalonBay Communities Inc., paving the way for the construction of 374 apartments and other uses that will anchor a long-awaited redevelopment project.

Government & Public Policy
Murphy unveils $190 million renovation plan for Newark Penn Station

State officials have unveiled plans for a $190 million overhaul of Newark Penn Station, drawing cheers from the developer that is transforming the landmark Gateway office complex nearby.

Roundtable
How can the New Jersey real estate sector prepare for the launch of legal recreational marijuana?

How can the New Jersey real estate sector prepare for the launch of legal recreational marijuana? We assembled a panel of industry experts to tackle this month’s question.

Policy Page
Jersey’s comeback must be sustainable, reflective of migrations and crises

In a year of headlines dominated by the pandemic, financial crisis, racial justice movement and climate change-induced natural disasters, a new report can help local, policymakers understand the challenges we must face and the emerging opportunities we cannot afford to squander.

Health Care & Education
‘The Hub’ in New Brunswick eyes groundbreaking with higher ed, health care partners in tow

The first piece of a long-awaited research, business and retail campus in downtown New Brunswick is slated to break ground next summer after securing commitments from four of the state’s largest institutions in health care and higher education.

Top News
Arthur Imperatore Sr., NY Waterway founder and key figure in Gold Coast rebirth, dies at 95

Arthur E. Imperatore Sr., the pioneer of Hudson River commuter ferry service and a central figure in the transformation of northern New Jersey’s Gold Coast, has died at age 95.

Residential & Mixed Use
Developers, city officials taking a holistic approach as northwestern Hoboken grows

It may be the Mile Square City, but Hoboken still has room to grow. After creating mixed-use projects in the largely industrial western half, developers are focusing on the city’s northwestern corner, known as the North End. City officials are in favor of the growth, with a North End Redevelopment Plan in progress that focuses on a diversified tax base, open space and flood-resistant infrastructure. 

Government & Public Policy
Developers wanted for NJ Transit sites in Jersey City, Woodbridge

NJ Transit is seeking would-be developers for two sites, including property at the busy Metropark station in Woodbridge and a parcel near Liberty State Park in Jersey City.

Roundtable
Besides public health, what is a top policy or legislative concern for the commercial real estate industry?

We assembled a panel of industry experts to tackle this month’s question. Here’s what they had to say.