An affiliate of a national tanker truck company has acquired a 220,000-square-foot industrial complex in Bridgewater for $37 million, according to a team with Bussel Realty Corp.
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New Jersey has an unmatched location and a population that developers dream about. It’s no wonder the commercial real estate industry is flourishing and evolving across all segments of the market.
Environmental justice: Restoring livability or Pandora’s box?
Enactment of the groundbreaking New Jersey Environmental Justice Law and the recently proposed rules to implement it are commendable efforts to improve conditions in communities burdened by decades of industrial pollution from Title V-covered facilities, notably solid waste facilities and power generation facilities. Although the proposed regulations appear not to currently impact the small-scale commercial and warehouse industry sectors, there is growing concern there will be a proliferation of municipalities adopting ordinances under the guise of environmental justice that are actually aimed at thwarting smart development and critical redevelopment and that broaden the types of regulated facilities.
