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.

Government & Public Policy
Flood wall decision looms large for Hoboken rail yards project

State officials could soon make a decision on key flood protection measures in Hoboken — one that could make or break a long-awaited, 2.3 million-square-foot redevelopment of the rail yards at the southern edge of the city.

Office
Teva, P3 Properties complete 345,000 sq. ft. lease in Parsippany, JLL says

New Jersey’s largest office lease of the year to date is official. Brokers with JLL this week announced the completion of Teva Pharmaceuticals USA Inc.’s 345,000-square-foot lease at 400 Interpace Pkwy. in Parsippany, known as MCCBLUE, under a deal with P3 Properties.

Government & Public Policy
NAIOP announces new membership, events director in New Jersey

NAIOP New Jersey has hired a new director of membership and special events.

Government & Public Policy
A fond farewell: Lizura reflects on 22 years with EDA, prepares for what comes next

Tim Lizura is now considering his next step after 22 years with Economic Development Authority, where he had become a fixture in New Jersey’s commercial real estate sector and a key player in the effort to revive cities such as Newark, Camden and New Brunswick.

Residential & Mixed Use
Condo building opens in Newark’s Lincoln Park section

A developer has completed a new 18-unit condominium project in Newark, joining city officials on Thursday to open the doors to the building.

Government & Public Policy
Rutgers study seeks to unravel debate over rental units and school children

A new study is shedding new light on a widespread, age-old debate between developers and local governments in New Jersey: Do new apartments mean new school-age children? According to the findings, the answer depends on several key factors.

Government & Public Policy
EDA grant program fueling retail, restaurant growth in Camden

Property owners in Camden have tapped into a state program meant to spur street-level retail and service businesses, adding to the resurgence of one of the city’s main thoroughfares.

Retail
Planning board OKs plan for Monmouth Mall makeover

Kushner Cos. and Brookfield Properties have cleared a key hurdle in their plan to transform the Monmouth Mall, winning a long-awaited approval from the Eatontown planning board.

Professional Services
McCarter touts new pro bono focus for Newark residents facing eviction

McCarter & English has launched a new initiative to provide pro bono legal representation to Newark residents who are facing eviction proceedings by their landlords.

Retail
Experts: Supreme Court’s ‘Wayfair’ ruling will have broader impact on taxes than real estate

A recent ruling by the U.S. Supreme Court will likely raise the cost of some online sales and provide an infusion of revenue for New Jersey’s state coffers, but its impact on commercial real estate may be limited.