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
Builders, public officials look to confront New Jersey’s housing supply and affordability crisis

Homebuilders joined key public officials at the Atlantic Builders Convention last month to confront New Jersey’s housing supply and affordability crisis, pledging a spirit of cooperation as they search for solutions.

Government & Public Policy
Operator, public officials break ground on new 55,000 sq. ft. supermarket in Atlantic City

A new full-service supermarket is coming to Atlantic City — its first in more than 15 years — under a public-private effort that will help eliminate one of New Jersey’s food deserts.

Government & Public Policy
EDA approves rules, set to accept applications for new Aspire gap financing program

State officials are set to begin taking applications under a new incentive program that will look to provide gap financing to commercial and residential projects across New Jersey.

Editor’s Note
A winning team

Commercial real estate truly is a people business, which explains why our stories highlighting new hires, promotions and other personnel moves are among the most popular. We’re fortunate to see a steady diet of these updates from all corners of the industry, including the types of announcements that have come from DMR Architects just about every year since we launched Real Estate NJ — five hires here, three new additions there — all to support a growing pipeline and portfolio that includes everything from apartments and hospitals to government buildings.

Professional Services
BLS adds tax credit expert to manage compliance for incentives recipients

Biggins Lacy Shapiro & Co. LLC, the Princeton-based site selection and advisory firm, has hired a new senior manager focused on compliance for recipients of government tax incentives.

Government & Public Policy
Murphy vetoes bill to allow third-party code inspections, calls for two-year study by DCA

A bill that would streamline construction code inspections in New Jersey using third-party, private-sector consultants is all but dead for now, following a conditional veto by Gov. Phil Murphy that shelved the proposal in favor of a two-year study by state officials.

Residential & Mixed Use
Edgewood expands veterans housing program within growing New Jersey portfolio

With Veterans Day approaching, Edgewood Properties has announced an expansion of a program that helps provide housing to military service members.

Sponsored Content
Conditions on PILOT agreements: What developers, municipalities need to consider

As the Long Term Tax Exemption Law has become more widely used, local and state legislatures have increasingly sought to impose additional conditions on developers for receiving payment in lieu of taxes agreements, or PILOTs. But it is important for municipalities and developers to remember that these conditions are not without limit.

Residential & Mixed Use
Developers break ground on housing, nonprofit space at Paterson mill property

A joint venture has broken ground in Paterson on a $26 million project that will bring affordable housing and space for a local nonprofit to the site of a historic mill building.

Government & Public Policy
Insiders see growing (but measured) demand for new, more targeted state incentive program

With the recent approval of the first awards under Emerge, the state’s new jobs-based tax incentive program, officials and other insiders expect to see a measured pace of applications for a subsidy that was designed to be more discerning and targeted than its predecessor.