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.

Government & Public Policy
Recreational cannabis sales in New Jersey jump 46 percent, top $116 million in Q3

Sales of recreational cannabis in New Jersey rose to more than $100 million in the third quarter, showing the potential of a market that launched less than eight months ago.

Government & Public Policy
State completes sale of 36-acre Fort Monmouth parcel slated for RWJBarnabas campus

The state has completed its sale of a 36-acre parcel at Fort Monmouth — the onetime home of a Cold War-era research complex — where plans call for a long-awaited, sprawling health care campus to be operated by Monmouth Medical Center.

Top News
Marchetto Higgins Stieve Architects rebrands, touts growing pipeline of high-rise projects

MHS Architecture’s portfolio of high-rise projects in New Jersey includes Liberty Harbor Development’s 33-story 88 Regent project in Jersey City. — Courtesy: MHS Architecture By Joshua Burd One of the state’s best-known design firms for multifamily and mixed-use projects has…

Government & Public Policy
NJ Transit wins grant to study development along planned Hudson-Bergen Light Rail extension

NJ Transit has secured nearly $600,000 in federal funds to study development prospects along what would be the long-awaited, nine-mile extension of the Hudson-Bergen Light Rail.

Government & Public Policy
Hoboken acquiring five-acre waterfront parcel for long-awaited public park space

The city of Hoboken has all but completed its acquisition of a long-contested, five-acre parcel along the Hudson River, paving the way for new park space and a plan to create uninterrupted public access along the length of its waterfront.

Government & Public Policy
Montgomery opens new 62,000 sq. ft. municipal center after DMR-designed project

DMR Architects is marking the completion of a new municipal center in Montgomery Township, with a design that honors the community’s heritage while modernizing its facilities.

Professional Services
NAI Mertz adds construction, facilities executive with deep ties to public sector

A longtime business owner and member of the state’s facilities and leasing team has joined NAI Mertz as a director for the office division, the Mount Laurel-based firm said Tuesday.

Events
USGBC NJ honors LEED projects of the year, returns to in-person celebration

Local leaders with the U.S. Green Building Council gathered last week to honor dozens of projects, firms and individuals that are advancing sustainability in New Jersey, as the chapter hosted its first in-person awards gala in more than three years.

Sponsored Content
Cheaper by the dozens: N.J. Legislature considers bill proposing unlimited restricted liquor licenses for annual fee

The New Jersey Legislature is considering a bipartisan bill (S355/A3710) that establishes a restricted beer, wine and cider license that would allow restaurants, for a small annual fee, to sell certain alcoholic beverages to their patrons. In an effort to counteract the diminution in value of already-owned liquor licenses, the proposed bill provides tax credit under corporate business tax and gross income tax for loss in value to certain alcoholic beverage licenses. Despite this tax credit, there is sure to be a significant decrease in the value of already-owned liquor licenses. This loss in value is likely to in turn diminish the value of the properties underlying those licenses.

Professional Services
Violet PR promotes Forrest to vice president

Violet PR has promoted Christina Forrest to vice president, touting her role in growing the Montclair-based firm since joining its team nearly a decade ago.