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.

Brooklyn electrical contractor buys Paterson building for $7.8 million

An electrical contractor is expanding into New Jersey with its purchase of a Paterson industrial building, under a $7.8 million deal arranged by Team Resources Inc.

HMFA, developer unveil renovated housing complex in Irvington

A developer has completed a major renovation of a 152-unit affordable rental complex in Irvington, thanks in large part to a state financing package.

New York-based marketing firm eyes HQ move to Paramus, 25,000 sq. ft. lease

A marketing firm based in Rockland County, New York, is weighing a move to Bergen County, where it would lease nearly 25,000 square feet in connection with an incentive package approved by the state Economic Development Authority.

Led by Willoughby, Business Action Center lends its support to developers, tenants

The state’s Business Action Center has long billed itself as a one-stop shop for helping companies grow in New Jersey and attracting new ones from out of state. That often means finding solutions for commercial real estate needs, from helping a scientist find lab space to assisting Amazon with its ever-growing network of fulfillment centers. It also means helping developers and their professionals navigate the web of state agencies that are involved in real estate decisions, from NJ Transit to the Department of Environmental Protection.

Solving the parking problem: Goldberg sees a role for the state in urban redevelopment

To Carl Goldberg, the need for moderately priced, workforce housing continues to grow in New Jersey, but the cost of structured parking can be a significant hurdle. It’s why he sees an opportunity for the state to help local officials solve that equation.

EDA approves $14.7 million incentive for proposed Gucci call center in Jersey City

The state has approved a 10-year, $14.7 million tax credit to encourage luxury fashion giant Gucci to open a new 52,000-square-foot call center on the Jersey City waterfront.

American Water unveils new 220,000 sq. ft. headquarters in Camden

American Water has opened the doors to its new 220,000-square-foot headquarters in Camden, the first completed piece of a high-profile, billion-dollar redevelopment of the city’s waterfront.

BRC: Food company moving from Brooklyn, buys Perth Amboy warehouse

A food company has acquired a 62,000-square-foot industrial building in Perth Amboy as part of a plan to relocate from Brooklyn, brokers with Bussel Realty Corp. announced.

EDA seeking applications for grant program for ailing office, retail buildings

The state Economic Development Authority is accepting applications for a new grant program aimed at helping municipalities and counties find solutions for vacant or underused commercial properties within their borders.

CREW NJ honors industry leaders at 35th anniversary event

Commercial Real Estate Women of New Jersey celebrated its 35th anniversary last week, drawing top development executives and service professionals to mark the milestone and hail the successes of the industry’s female leaders.