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.

Finance & Capital Markets
Investment team lands $53 million HUD loan for updates to 308-unit Jersey City rental tower

A joint venture has secured nearly $53 million in federally backed financing to renovate and update a 308-unit mixed-income property in Jersey City.

Events
Developers Night: Expert panel to tackle impact of tariffs, taxes at annual IOREBA event

A panel of industry experts will take the stage in just over a week when the Industrial and Office Real Estate Brokers Association hosts its annual Developers Night, a popular dinner and networking event that helps kick off the spring conference season.

Special Report
Boiling over: Inside a developer’s seven-year saga in Mahwah — and the legal fight that’s now underway

The developers behind a long list of mixed-use, transit-oriented projects across the state have long hoped to bring that formula to Mahwah, touting the untapped potential of a tract at the township’s train station. Yet their attorneys say they’ve been stymied by years of stall tactics and legal obstructions by municipal officials, often without explanation or justification.

Government & Public Policy
Rutgers real estate center leader Davis tapped as nation’s chief housing economist

Morris Davis, the longtime academic leader of the Rutgers Center for Real Estate, is joining the White House Council of Economic Advisers as the nation’s chief housing economist.

Government & Public Policy
Ewing Township breaks ground on new DIGroup-designed senior and community center

Construction is underway in Ewing on a new 70,000-square-foot senior and community center that will replace a facility that was damaged by a devastating fire in 2022.

Government & Public Policy
EDA approves $104 million Aspire award for Nokia Bell Labs tower in New Brunswick

The developers of what will be nearly 370,000 square feet of lab and office space in New Brunswick, the future home of Nokia Bell Labs, could break ground next month after securing a 10-year, $103.9 million tax credit award under the state’s Aspire program.

Industrial
Greenbaum Rowe joins Circulate NJ as latest member of logistics industry coalition

The business coalition known as Circulate NJ has welcomed another member, announcing the addition of powerhouse law firm Greenbaum, Rowe, Smith & Davis LLP.

Professional Services
Historic library in Long Branch reopens after DIG-led, multimillion-dollar update

DIGroup Architecture is marking the completion of a project that has restored and updated the historic Long Branch Free Public Library.

Retail
Sussman: Ex-restaurant in Marlton sells for $2.3 million, set to become cannabis shop

The site of a shuttered restaurant in Evesham Township is set to become a cannabis dispensary after changing hands last month for $2.3 million, in a deal arranged by A.J. Sussman Co.

Residential & Mixed Use
JLL: Developer seeking joint venture for 286-unit rental project at ‘Silk Lofts’ site in Bayonne

The owner of a mixed-use development site in Bayonne is seeking a joint venture partner, hoping to unlock a project that is fully approved for 286 apartments and new retail space.