Prism Capital Partners has launched nearly $10 million in roadway and utility upgrades at the former Hoffmann-LaRoche campus in Nutley and Clifton, as it prepares to welcome new tenants to the 116-acre redevelopment site.
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.
May our chain be unbroken
Supply or cargo chains are complex ecosystems involving multiple organizations, infrastructure modes, carriers and workers that comprise the movement of commodities from their point of origin (factory, farm, mine, etc.) to the retailer and consumer. They include beneficial cargo owners (BCOs), ocean carriers, port authorities, regulatory agencies, marine terminal operators, port labor, rail and motor carriers, warehouse, distribution, fulfillment and e-commerce centers and retail businesses. A problem at any link in this chain can cause the entire system to back up.
Liquor license bill remains a balancing act despite support from developers, municipalities
While liquor license reform has broad support from the state’s commercial real estate sector, municipalities and many top business groups, it faces opposition from liquor store owners and large restaurant groups that already hold licenses. Others, who support the spirit of the bill, say it still needs to be tweaked when it comes to aspects such as the pricing of the new specialized licenses and the compensation structure for existing license holders.
