The former site of an outdated, long-vacant office building in Morris Plains has been reborn as luxury apartments and is now on a path to “a much longer and better livelihood.” At least, that’s how Andrew Marshall described it on Thursday as he welcomed local officials and the development team to the property at 250 Johnson Road.
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.
A growth industry in the making
Insiders say that now is the time to discern which municipalities will be receptive to the prospect of legalized recreational cannabis, if and when it becomes a legal industry in New Jersey. That prospect is likely many months from being a reality, if not more, but the concept has the support of Gov. Phil Murphy and several well-known lawmakers.