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.

Office
Bank acquires Fort Lee building, eyes expansion with EDA incentive

A Fort Lee-based bank is eyeing a major expansion in the borough, having acquired a 70,000-square-foot office building with plans to hire 250 new employees in the coming years.

Government & Public Policy
Developer, finance firm eye Opportunity Zone projects in Central Jersey

A developer has teamed with a New York-based finance firm to launch a new Opportunity Zone fund platform, with a focus on mixed-use projects in central New Jersey.

Sponsored Content
Post-Tax Reform Update: Real Estate Income Tax

The sweeping tax reform brought on by The Tax Cuts and Jobs Act is now in effect, but many Real Estate owners and investors remain in the dark on how these changes will impact their businesses.  With that, Sax’s Real Estate advisors will hold an educational webinar on March 19 to run through the major changes facing the Real Estate industry overall now that tax reform has been implemented, and proposed guidance has been released.

Government & Public Policy
Incentives: Insiders expect greater scrutiny, urge proactive approach amid Trenton firestorm

If you’ve begun to collect tax credits under Grow New Jersey and other state incentive programs, experts say now is the time to be proactive and verify that you have met your commitments for job creation and retention.

Government & Public Policy
Medical device startup moving to Kearny Point with first EDA rent support grant

A medical device maker has relocated to a creative flex office space at the Kearny Point property in Kearny, making it the first company to benefit from a new state program that subsidizes rent payments for startups at certain collaborative workspaces.

Health Care & Education
Atlantic City plans ‘eds and meds’ expansion with $38 million medical arts complex

A regional health care network is planning a $38 million, 65,000-square-foot medical arts complex in Atlantic City, in one of the latest new developments in the iconic resort town.

Government & Public Policy
Newark plans search for new economic, housing director with Palmieri set to retire

Newark’s top official for economic and housing development is stepping down next week after a little more than a year on the job.

Government & Public Policy
EDA: Online marketplace for dog breeders, owners considers Jersey City call center

An online marketplace for dog breeders and owners is weighing plans for a new call center in Jersey City, having won approval for a 10-year, $4 million state tax credit incentive.

Government & Public Policy
EDA approves $40 million tax credit to bring nonprofit to Camden

The state has approved a 10-year, $39.6 million tax credit package aimed at luring a Pennsylvania-based nonprofit to Camden, where it would build a new waterfront office building and create nearly 170 jobs not currently in the state.

Policy Page
We’ve heard this story before — it’s time for a different ending

Gov. Phil Murphy will give his budget message to the Legislature on Tuesday, March 5. As the voice of the commercial real estate development industry in New Jersey, NAIOP’s attention will be focused on the messaging that emanates from Trenton. Given the headlines over the last several months, we are rightly concerned about the state’s fiscal health and its ability to withstand a recession, which is all but certain by 2020.