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.

NAIOP New Jersey unveils President’s Awards, Hall of Fame honorees for Nov. 6 program

NAIOP New Jersey will honor eight members and commercial real estate industry leaders next month when it hosts its annual President’s Awards and Hall of Fame Dinner.

Regan Development, HMFA debut 85-unit senior, supportive housing project in Little Ferry

Regan Development Corp. has opened a new 85-unit apartment building in Little Ferry that will provide affordable housing for seniors and residents with special needs.

New public plaza, park space opens at Jersey City’s Exchange Place PATH station

City officials and business leaders in Jersey City have debuted a new waterfront park for the public and daily office users in the PATH train-anchored Exchange Place district.

Developer signs 400-acre ground lease for Atlantic City Airport, eyes multimodal industrial site

A developer has signed a ground lease at the Atlantic City International Airport that could pave the way for new industrial space across a 400-acre swath of the property.

Advance hails a signature project in Harrison, adding 399 homes to firm’s Riverbend District

Advance Realty Investors has marked the opening of what it says is its signature multifamily project to date, unveiling nearly 400 new apartments in Harrison as it continues its buildout of a district that will ultimately include thousands of luxury rental units.

Solar Landscape expands community solar portfolio with newly activated project in Union

Rooftop solar developer Solar Landscape has activated another project in New Jersey, in Union Township, where it will generate clean energy at a discount to more than 260 nearby homes.

Kennedy details top policy, organizational goals after taking over as NAIOP New Jersey CEO

Dan Kennedy is now at the helm of NAIOP New Jersey after taking over as CEO on Aug. 1, with plans to tackle a host of key public policy issues and visions of bolstering what is already one of the commercial real estate association’s strongest and most-respected local chapters.

Trenton Housing Authority names co-developer for North Trenton revitalization plan

The Trenton Housing Authority has tapped Property Resources Corp. as its co-developer for a plan that would bring more than 500 new homes to the city’s Battle Monument neighborhood.

The tax impacts of debt: What owners and investors should know

Leverage is an important instrument for real estate owners and investors. Utilizing leverage appropriately can help enhance returns, build a diversified portfolio, strategically enter the market, and provide tax benefits. As the capital markets have become increasingly challenging, many lenders are requiring guarantees by the mortgagors. The use of a guarantee can drive surprising tax results. This article will concentrate on how mortgage debt affects the tax basis of acquired property, as well as the investment basis of real estate owners and investors in partnerships (note that real property held in different types of entities may yield varied outcomes).

Parking at multifamily properties is overbuilt, Rutgers study finds, highlighting need for new state guidelines

Demand for parking at multifamily properties in New Jersey is well below what state guidelines require, according to a newly released study by the Rutgers Center for Real Estate, highlighting the potential to reduce construction costs, improve housing affordability and soften the environmental impact of new development by easing state mandates.