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
Newark outlines five-year plan to create, preserve 6,600 affordable housing units

Newark city officials have set out to create or preserve 6,600 units of affordable housing over the next five years, part of a new plan aimed at helping lower-income and homeless residents.  

Residential & Mixed Use
With new apartments, reuse of Plainfield hospital site taking shape after more than a decade

CHA Partners recently unveiled a new 120-unit apartment building at the site of the former Muhlenberg Regional Medical Center in Plainfield, doing so more than a decade after the hospital’s closure devastated city residents and set off an emotional, multiyear battle to repurpose the site.

Retail
Clifton approves zoning for ‘limited’ retail uses at Prism’s ON3 campus

Prism Capital Partners has secured another key entitlement for its ON3 campus, allowing it to bring uses such as restaurants and small shops to the Clifton portion of the property.

Government & Public Policy
Murphy signs bill to end eviction ban, providing new protections for renters

Gov. Phil Murphy on Wednesday took a key step toward phasing out the state’s moratorium on residential evictions, signing a bill to do so while providing relief to both renters and landlords.

Residential & Mixed Use
Builder acquires Hackensack parcels, securing approvals for 224 apartments, NAI Hanson says

A construction firm has closed on four adjacent parcels in downtown Hackensack, having secured approvals to build 224 new apartments with ground-floor retail space.

Top News
EDA to expand relaunched ERG program, adding $75 million for commercial projects

The Trenton statehouse By Joshua Burd State officials have rebooted another piece of the former Economic Redevelopment and Growth program — infusing it with a $75 million allocation specifically for commercial projects — as they continue to develop a series…

Government & Public Policy
Bill to allow third-party code inspections awaits action by Murphy

Commercial real estate leaders are awaiting the fate of a bill that would allow building owners in New Jersey to hire third-party, private-sector professionals to obtain faster code inspections.

Residential & Mixed Use
Affordable housing development expert joins Hoboken-based consulting firm

A consulting firm focused on affordable housing has named a new senior vice president.

Finance & Capital Markets
JLL seeking buyer for ex-Sears store in Mercer County, touting redevelopment potential

The site of a vacant Sears building in Lawrence Township is on the market for sale, providing a redevelopment opportunity alongside a mall on Route 1.

Government & Public Policy
NJ Transit seeking proposals from four finalists in 12-acre Metropark redevelopment

State officials are seeking pitches from companies that have shown an interest in redeveloping 12 acres directly adjacent to the busy Metropark transit hub in Woodbridge.