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.

Government & Public Policy
Lawmakers pass $14 billion incentives bill, with Murphy expected to sign

A bill to create a sweeping new program of business and development incentives in New Jersey is awaiting Gov. Phil Murphy’s signature after being passed by state lawmakers on Monday.

Government & Public Policy
HMFA names new executive director to succeed retiring Richman

The state has named the new leader of the New Jersey Housing and Mortgage Finance Agency, tapping a key official in the Department of Community Affairs to fill the role.

Residential & Mixed Use
PRC Group, local officials working to advance long-awaited redevelopment in Hightstown

PRC Group is moving ahead with a plan to transform a historic former rug mill complex in Hightstown, where it hopes to build 386 luxury apartments and townhomes through both ground-up construction and the adaptive reuse of two large industrial buildings.

Government & Public Policy
Industry leaders join forces to secure new insurance option for environmental cleanups

Owners of contaminated property in New Jersey may soon have a new financial tool at their disposal as they remediate the sites and prepare them for potential redevelopment.

Events
Reinhart to receive leadership award at New Jersey Future awards program

One of the state’s top organizations for smart growth and planning advocacy is set to honor its longtime chair and the former director of Monmouth University’s Kislak Real Estate Institute.

Retail
Rose Commercial touts sale, leases in Medford redevelopment area

A local investor has acquired a 50,000-square-foot retail and industrial building in Burlington County, in one of several newly announced transactions by Rose Commercial Real Estate.

Residential & Mixed Use
Somerset, AvalonBay close land deal in Somerville ahead of 374-unit rental project

Somerset Development has completed the sale of 15 acres in downtown Somerville to AvalonBay Communities Inc., paving the way for the construction of 374 apartments and other uses that will anchor a long-awaited redevelopment project.

Government & Public Policy
Murphy unveils $190 million renovation plan for Newark Penn Station

State officials have unveiled plans for a $190 million overhaul of Newark Penn Station, drawing cheers from the developer that is transforming the landmark Gateway office complex nearby.

Roundtable
How can the New Jersey real estate sector prepare for the launch of legal recreational marijuana?

How can the New Jersey real estate sector prepare for the launch of legal recreational marijuana? We assembled a panel of industry experts to tackle this month’s question.

Policy Page
Jersey’s comeback must be sustainable, reflective of migrations and crises

In a year of headlines dominated by the pandemic, financial crisis, racial justice movement and climate change-induced natural disasters, a new report can help local, policymakers understand the challenges we must face and the emerging opportunities we cannot afford to squander.