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.

Residential & Mixed Use
Pennrose, HMFA mark start of 172-unit affordable project at former Army camp

Pennrose has broken ground on the first piece of a 172-unit affordable housing development in Edison, seeking to redevelop a former U.S. Army property that dates back to World War II.

Events
Monmouth to honor Zucker, Marchetta at annual real estate dinner

Monmouth University will honor Ralph Zucker and Anthony Marchetta at its upcoming real estate awards dinner, adding to the list of industry leaders to be highlighted at the annual event.

Office
C&W details bank’s acquisition of 70,000 sq. ft. Fort Lee office building

A financial services firm will occupy more than half of its newly acquired 70,000-square-foot office building in Fort Lee, following a transaction arranged by Cushman & Wakefield.

Residential & Mixed Use
With conversion nearly complete, leasing launches at iconic Newark tower

A development group has nearly completed its restoration of a landmark tower in downtown Newark, where it will soon debut 265 apartments and a mix of new commercial space.

Government & Public Policy
HMFA: Tax credits will fund affordable 1,200 units, focus on Opportunity Zones

The state has detailed plans to finance 1,200 affordable housing units under a federal tax credit program, with an added focus on projects in Opportunity Zones and other newly added criteria.

Residential & Mixed Use
Developers break ground on next phase of NJCU-led redevelopment in Jersey City

A joint venture has launched the next phase of a major project in Jersey City, breaking ground on nearly 200 apartments under a redevelopment spearheaded by New Jersey City University.

Office
Rising Tide opens Jersey City headquarters with affordable housing, co-working space

A nonprofit has unveiled its newly acquired headquarters in Jersey City, where it will combine affordable housing, classrooms and co-working space in support of underserved entrepreneurs.

Government & Public Policy
EDA touts $2.5 million loan for Trenton manufacturer

New owners have taken the reins of a nearly 40-year-old manufacturing firm, having recently acquired the company’s 160,000-square-foot warehouse facility in Trenton.

Government & Public Policy
Woodbridge seeking redevelopers for 54-acre developmental center campus

The township of Woodbridge is seeking proposals from developers interested in transforming the 54-acre site of a former state-owned complex for residents with developmental disabilities.

Government & Public Policy
New state law for public-private projects is an opportunity for design, construction firms

A new state law could be a game-changer for municipalities, school districts and other government entities, allowing them to tap into private capital for new facilities or infrastructure. It could also be transformative for New Jersey’s design and construction industry.