A new residential and academic building for nearly 400 Rutgers University students in Newark is on track to open this summer after topping out earlier this month.
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.
Incentives are investments that build over time
Gov. Phil Murphy’s economic vision calls for a State of Innovation that builds a stronger and fairer economy in New Jersey and sets goals related to faster job growth, faster median wage growth, increased venture capital investment, closing the racial and gender wage employment gaps and encouraging thriving urban centers. These are laudable goals and I believe we will get there, if we are careful in how we invest our scarce financial resources, which include incentives for the workforce so desperately needed and the targeted industries that generate the jobs required to help achieve these goals.
The changing landscape of stormwater management: New rule will require innovative techniques
On Dec. 3, the New Jersey Department of Environmental Protection published amendments to the state’s Stormwater Management Rule (NJAC 7.8) that, when adopted, will change fundamentally the way stormwater management systems are designed in New Jersey. The key amendment will replace the existing requirement, which asks developers to incorporate so-called non-structural strategies “to the maximum extent practicable,” with a firm requirement to use a technique known as green infrastructure in new development.
