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.

Sponsored Content
Langan knows OZs in NJ

Enacted as part of the 2017 federal Tax Cuts and Jobs Act, the Opportunity Zones program will bring development into low-income areas. While investors and developers take steps to form Qualified Opportunity Funds (QOFs), Langan is well positioned to support substantial improvement projects among the 169 tracts within 73 towns in New Jersey. In fact, because of our near half-century of providing engineering and environmental services in our state, we have the right experience and site knowledge to help maximize investments in our OZs.

Government & Public Policy
Murphy signs law to create new TOD office at NJ Transit

Gov. Phil Murphy has signed into law a bill that requires NJ Transit to establish an office of transit-oriented development and conduct an annual inventory of its real estate holdings, potentially paving the way for new opportunities across the state.

Government & Public Policy
NJBA announces new COO, revamped government affairs team

The New Jersey Builders Association has named a new chief operating officer as part of a series of changes to its government affairs team.

Government & Public Policy
Booker urges ‘savvy investors,’ public officials to partner in Opportunity Zones

The new federal Opportunity Zone program is far from perfect in its early stages, U.S. Sen. Cory Booker told a crowd of New Jersey real estate leaders on Monday, but it offers a powerful new incentive for the private and public sectors to steer economic development to low-income areas.

Residential & Mixed Use
Investors debut rehabbed affordable housing in Jersey City (SLIDESHOW)

A joint venture has completed its rehabilitation of Jersey City’s largest privately held Section 8 housing complex, a 483-unit property near the city’s Journal Square section.

Residential & Mixed Use
Affordable senior housing breaks ground in Cinnaminson

Developers have started construction on a new 54-unit, age- and income-restricted rental community in Cinnaminson, their seventh joint venture in southern New Jersey.

Government & Public Policy
Murphy unveils Hoboken flood wall location, but fate of rail yards project still unclear

Gov. Phil Murphy has announced a long-awaited plan for a flood barrier at the southern end of Hoboken, although its location could threaten or dramatically alter a proposal to redevelop the rail yards alongside the city’s busy train terminal.

Office
Prism: Roadwork, upgrades continue as ON3 prepares for new users

Prism Capital Partners has completed the first phase of major infrastructure improvements at its ON3 campus in Nutley and Clifton, as it continues to ready the site for new tenants and additional construction.

Residential & Mixed Use
Move-ins set to begin at first new housing at Fort Monmouth property

RPM Development is welcoming the first homeowners at the historic Fort Monmouth property, where it has rehabilitated a series of buildings that once served as housing for officers.

Government & Public Policy
Liquor license reform bill advances in Assembly

A bill that would create new specialized, lower-cost liquor licenses and likely provide a boost to New Jersey’s commercial real estate sector has cleared another hurdle in the Legislature.