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.

With a new name, mixed-use park around Prudential Center moves forward

Public officials and business leaders gathered Wednesday to unveil new details about plans to transform the surface lots around the Prudential Center into a dynamic, mixed-use park area that connects Newark Penn Station to the city’s downtown and Ironbound neighborhoods.

Experts dissect, gauge impact of affordable housing ruling

A ruling by the state Supreme Court on Wednesday is being hailed as a victory for affordable housing advocates and developers, but reaction from other experts and stakeholders was mixed, as they worked to understand what the decision would mean going forward.

N.J. Supreme Court rules towns must count ‘gap years’ in affordable housing obligations

New Jersey towns and cities must account for more than 15 years of unmet need in determining their affordable housing obligations, the state Supreme Court has ruled, paving the way for the development of tens of thousands low- and moderate-income units statewide.

How could a Trump administration affect CRE in New Jersey? Experts weigh in

With inauguration day on the horizon, there has been no slowdown in speculation over how a Donald Trump presidency will impact the commercial real estate sector.

Aberdeen tax breaks aim to spur investment on Route 35

Local officials in Aberdeen have unveiled new incentives to encourage new commercial development and improvements to existing buildings around the township’s Route 35 corridor.

Developer, township unveil plans for Bell Works library

A new state-of-the-art public library will be part of the sprawling, mixed-use environment that is taking shape at the redeveloped former Bell Labs complex in Holmdel.

State OKs $20M incentive for parking deck at new med school

State officials have approved a $20 million tax credit to help support the construction of a new parking and retail structure in Clifton, in what they say is a key part of the planned Seton Hall-Hackensack Meridian School of Medicine at the former Hoffman-LaRoche campus.

Jared Kushner to step down as CEO of Kushner Cos., report says

Jared Kushner is preparing to step down as CEO of the Kushner Cos. ahead of an expected role in the White House of his father-in-law, President-elect Donald Trump, The New York Times reported.

Report: Developer aims to convert historic factory in Burlington County

A Brooklyn developer has acquired a former watchcase factory in Riverside, where it now hopes to convert the landmark building into 64 luxury apartments.

Developer opens new senior housing complex in Barnegat

The Walters Group has opened the doors to a new 70-unit age-restricted community in Barnegat, touting a project that was completed less than a year after it closed on the property.