CBRE has promoted veteran broker Jeffrey C. Babikian to vice chairman, marking the first time that an office leasing professional in New Jersey has achieved the title with the firm.
Professional Services
It might be the developers and investors who dream big, but they rely on thousands of service professionals every day to bring their plans to fruition.
Applications underway for Aspire, a program poised to spur large-scale urban development
The New Jersey Economic Development Authority is now accepting applications for Aspire, an aggressive tax credit program that was designed to encourage redevelopment projects using incentive awards to reimburse developers for certain project financing gap costs. With high costs of construction and mandates at the municipal level related to affordable housing requirements as part of market-rate development projects, the need for a gap financing tool is critical and welcomed by those trying to operate in a tight market.
