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.

Growing fiscal problems demand action

Business as usual is just not possible anymore. New Jersey’s underperforming economy, bloated public sector spending and rising cost of living, along with Congress’s decision to reduce the state and local tax deduction, are forcing our collective hands to do better. There is no better place to start than at home in our local municipalities and school districts, where consolidations and sharing of services can produce both real financial savings and better outcomes. Simultaneously, state and county governments need to do likewise. Taxpaying businesses and residents deserve accountability, and this may require audits of how and where every dollar of taxpayer money is being spent.

Murphy details plans to revamp Grow New Jersey, ERG programs

Amid his sweeping plan to spur a new wave of innovation in the state’s economy, Gov. Phil Murphy has offered a glimpse at what could come of the incentive programs that have helped bolster New Jersey’s commercial real estate market in recent years.

Two N.J. law firms detail plans to combine under MS&B banner

Two New Jersey law firms are joining forces to create a team of more than 50 attorneys and what it says will be a wide-ranging legal practice.

Rutgers reveals latest group of advisers, emerging leaders for real estate program

The Center for Real Estate at Rutgers Business School has unveiled this year’s group of board members and industry leaders that will guide the program and its students.

Stockton campus brings new life to Atlantic City neighborhood, in a sign of things to come

Stockton University’s new campus in Atlantic City has come to life after more than two years of anticipation — and stakeholders say it’s just the beginning of what they hope to be a larger transformation in Atlantic City.

Walters completes 88-unit affordable community in Jackson

Walters Group has opened the doors to a new 88-unit, income-restricted rental community in Jackson.

DEP plans new and improved online permitting system, commissioner tells NAIOP

The Department of Environmental Protection is taking a page out of the TurboTax playbook — at least when it comes to permitting for land use and other areas — with plans to roll out a new electronic submission system for more than 100 permit activities in its ongoing effort to streamline New Jersey’s regulatory structure.

Tax credit fuels 492,000 sq. ft. lease with Prologis, online consignment shop

Prologis and an online luxury consignment shop have signed a lease for more than 490,000 square feet in Perth Amboy, following the approval of a 10-year, $38.9 million tax credit package to help the retailer establish a new Northeast fulfillment center.

CSG attorney tapped as state trustee in Tropicana sale

State regulators have designated an attorney with Chiesa Shahinian & Giantomasi PC as the trustee for a Nevada-based company’s acquisition of the Tropicana Casino & Resort in Atlantic City.

State’s Top Housing and Economic Development Officials, Innovators and Key Leaders Among Dynamic Housing and Economic Development Conference Speakers

Now in its 22nd year, the 2018 Governor’s Conference on Housing and Economic Development takes place October 2-3 at Harrah’s Waterfront Conference Center in Atlantic City with over 100 dynamic speakers and a special keynote address by Governor Murphy.