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.

Fort Monmouth authority board chairman leaving post at year-end

The board chairman of the Fort Monmouth Economic Revitalization Authority is stepping down after seven years in the post.

EDA awards $38 million to help linen business expand in Irvington, Trenton

An industrial linen business is poised to double its footprint in Irvington and upgrade its space in Trenton, following the approval of nearly $38 million in state tax credits over 10 years.

Furniture remanufacturer, tech firm offered incentives to move to Camden

Three businesses could be moving to Camden next year in connection with more than $10 million in tax credits approved Tuesday by the state Economic Development Authority.

Developers: State, federal reforms bring uncertainty for CRE industry in 2018

For all of the looming questions about federal tax reform, the state’s commercial real estate sector is also facing uncertainty about the impact of a new governor and Legislature.

CBRE: Deal sets the stage for redevelopment near train station

CBRE has brokered the long-awaited sale of an industrial site in Long Hill Township, paving the way for a proposed redevelopment of the property as a new transit-oriented community.

VIDEO: Gateway project taking shape in Atlantic City

The $220 million Gateway project is quickly taking shape along the Atlantic City shoreline, as seen in this latest video from developer AC Devco.

Newark reveals development sites, buildings in Amazon HQ2 proposal (SLIDESHOW)

Newark city officials on Wednesday detailed the development sites and office buildings that were included in their 250-page submission to Amazon, which could announce the short list for its coveted second headquarters project by early next year.

Mars Wrigley moving to downtown Newark by 2020

The maker of the iconic Mars and Wrigley brands is officially moving its U.S. headquarters to Newark, where it will anchor a soon-to-redeveloped piece of the city’s downtown.

At NAIOP forum, coalition unveils playbook for redevelopment policy

A group of commercial real estate leaders gathered Tuesday to unveil a new policy agenda to promote smart growth and redevelopment, urging lawmakers and Gov.-elect Phil Murphy to take action that will help New Jersey stay competitive in the years to come.

Public incentives: Building on the success of Grow New Jersey, ERG

Even the staunchest supporters of the state’s incentive programs believe it’s time for a change — but they stop well short of those who call for outright eliminating the powerful economic development tools. To that end, the Smart Growth Economic Development Coalition has proposed a series of amendments to incentives such as the Grow New Jersey tax credit and the Economic Redevelopment and Growth grant. The group cited the need to right-size the offering to reflect changes in the market and to help a broader swath of businesses, while also adding flexibility to the program and rebalancing its policy objectives.