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.

The Rundown
Builders, unions wary of plans to change PILOTs in Jersey City, report says

Proposals before the Jersey City council would increase the requirements on developers who receive tax abatements, a published report said, prompting concern among the builders and construction workers who have become a familiar sight in the municipality.

The Rundown
Christie: Borgata, Caesars planning ‘significant new investments’ in Atlantic City

The owners of the Borgata and Caesars casinos in Atlantic City appear poised to work together on an upcoming investment or development project in the seaside resort town.

Event Coverage
Monmouth dinner honors NJBA, NAIOP leaders for decades of advocacy

It was a night to honor the chief executives of two of the state’s most influential real estate trade associations, as hundreds turned out for an annual industry dinner at Monmouth University.

Residential & Mixed Use
NJAA panelists tout growth of apartment sector, but say challenges remain

The New Jersey Apartment Association’s annual owners’ roundtable kicked off the group’s annual conference and expo in Atlantic City, in what is the industry’s largest annual gathering in the state.

Professional Services
Hollister spearheading Newark Museum rehab, renovation

The Newark Museum has tapped Hollister Construction to rehabilitate and renovate its campus, under a project that would reopen its main entrance to the city’s newly revitalized streetscape.

Retail
Triple Five secures $1.67 billion construction loan for American Dream project

The developer of the American Dream project in the Meadowlands has closed on $1.67 billion in private financing, allowing it to “aggressively move forward” with construction after months of delays at the notoriously stalled retail and entertainment complex.

Retail
Developers, city officials unveil new supermarket in former Elizabeth food desert (SLIDESHOW)

A new 25,000-square-foot supermarket has opened its doors in what had been a food desert in a dense section of Elizabeth, anchoring a $17 million redevelopment project that relied on a medley of private and public funding sources.

Government & Public Policy
Christie: Raised Bayonne Bridge will open to larger ships by June 30 (VIDEO)

Supersized cargo ships will be able to pass under a newly raised Bayonne Bridge in order to reach Port Newark-Elizabeth as soon as June 30, marking a milestone in a $1.6 billion infrastructure project seen as critical to the state’s industrial real estate market.

Residential & Mixed Use
Planting the seed: Developer pitching concept plan for redeveloping 653-acre former research complex

There was a time when the sprawling former American Cyanamid complex in West Windsor bustled with more than 1,000 employees and agricultural researchers. A developer hopes to see the property bustling once again — but in a much different way.

Industrial
BRC: Brooklyn firm relocating after buying Carteret industrial building

A manufacturer that is moving operations from Brooklyn has purchased a 55,560-square-foot industrial building in Carteret, in a $5.1 million sale brokered by Bussel Realty Corp.