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.

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Reverse appeals can lead to unexpected property tax liabilities for commercial property owners

As the real estate market remains strong, and property values continue to rise across many asset classes, commercial property owners need to be aware of the growing trend with municipalities aggressively seeking to substantially increase tax assessments for commercial properties by filing their own tax appeals.

Government & Public Policy
Steadman retiring as FMERA executive director, with Kopach set to take the helm

The state agency that guides redevelopment of the iconic 1,100-acre Fort Monmouth property will soon have its first new leader in more than a decade.

Government & Public Policy
Murphy taps longtime insurance executive to lead Atlantic City-based CRDA

A longtime insurance executive is taking the helm of the Casino Reinvestment Development Authority, a key state agency involved in guiding and funding projects in Atlantic City.

Top News
LCOR reveals new-look office, apartment towers amid plan to transform Hoboken terminal

A developer has unveiled new details of a plan to transform the area around Hoboken Terminal, including a proposed 635,000-square-foot office tower and nearly 400 apartments alongside open space, infrastructure upgrades and a renovation of the historic transit hub.

Events
ULI to honor top New Jersey projects, industry players at 2022 awards gala

The Urban Land Institute of Northern New Jersey is set to honor more than a dozen commercial real estate projects, deals and industry leaders as part of its upcoming annual awards gala.

Residential & Mixed Use
NJBA installs Bovino as president among new slate of board officers

The New Jersey Builders Association has installed a longtime member and 36-year veteran of the homebuilding industry as its 69th board president.

Government & Public Policy
State issues new call for bids on 300-acre Fort Monmouth site linked to Netflix

A state agency is once again seeking offers for nearly 300 acres at Fort Monmouth, as it looks to bring another high-profile anchor to the historic former Army base.

Government & Public Policy
NJ Transit seeks to ramp up role of real estate, development office, DOT chief says

State officials are seeking to “provide a stronger response” to developers looking to build around NJ Transit’s rail and bus stations, hoping to jumpstart a plan to monetize the agency’s vast but underutilized real estate portfolio.

Government & Public Policy
Scotch Plains issues RFQ for long-awaited, mixed-use downtown redevelopment

Scotch Plains has kicked off its search for a developer that can bring new commercial, residential and civic spaces to its downtown, under a long-discussed plan by the municipality.

Residential & Mixed Use
Developers land $42 million for affordable housing near Newark’s University Hospital

A development team has closed on $42 million in financing for a project that will bring 78 affordably priced apartments to an area just north of Newark’s University Hospital.