Technology

Featured
Perth Amboy warehouse, site of New Jersey’s first-ever community solar project, back in focus as Murphy, business leaders tout program’s role in reducing energy costs

As state officials look to tackle rising energy costs, a program that has brought rooftop solar panels to dozens of New Jersey warehouses has taken on added importance as a means of easing that burden without many of the risks and hurdles of major infrastructure projects.

Residential & Mixed Use
Value Cos. completes first round of energy upgrades at North Jersey rental properties

Value Cos. Inc. has completed the first phase of energy efficiency upgrades at five North Jersey apartment properties, providing major benefits to residents of nearly 1,000 units.

Health Care
HELIX taps Portal Innovations to manage incubator at transformative New Brunswick project

The landmark Health & Life Science Exchange of New Jersey campus in New Brunswick has found a key partner for the project’s incubator space, announcing a pact with Portal Innovations to spearhead a facility for startups and entrepreneurs from nearby universities.

Top News
Netflix joins Murphys, other officials to break ground on massive Fort Monmouth studio campus

Demolition is underway for Netflix’s long-awaited, $1 billion project to create a 1.1 million-square-foot studio campus at the historic Fort Monmouth property.

Events
‘Spirit of philanthropy’ in full focus as United Way honors Kossar alongside Crow Holdings at Carteret, NEST projects

Nearly 400 commercial real estate leaders came together last week in support of United Way of Northern New Jersey, raising $347,000 as part of a program that honored top industrial broker Rob Kossar along with two high-profile development projects.

Government & Public Policy
Coming together: Real estate, environmental leaders see continued partnership as New Jersey’s landmark community solar program expands

State regulators have renewed their support for a landmark program that has created not only new revenue streams for warehouse owners and solar developers, but a source of common ground for the business and environmental communities.

Government & Public Policy
BPU approves new phase of Community Solar program benefiting warehouse owners, residents

The state’s popular Community Solar Energy Program is expanding once again with a newly announced third phase, setting the stage for fresh revenue opportunities for commercial property owners who lease their rooftops to solar developers.

Editor’s Note
Taking notice

As you’ll read in this month’s cover story, developers are laying the groundwork for what could be a new wave of apartment construction in downtown New Brunswick, seeking to meet the needs of workers that will come from the transformative, large-scale commercial projects that are taking shape. City officials say they’ve approved plans for residential projects with more than 2,000 units since the start of 2022, with hundreds more in the pipeline, setting the stage for a major infusion of new housing.

Government & Public Policy
EDA approves $104 million Aspire award for Nokia Bell Labs tower in New Brunswick

The developers of what will be nearly 370,000 square feet of lab and office space in New Brunswick, the future home of Nokia Bell Labs, could break ground next month after securing a 10-year, $103.9 million tax credit award under the state’s Aspire program.

Office
FanDuel unveils new 12,000 sq. ft. office in Jersey City’s Newport section

FanDuel has opened the doors to its new office in Jersey City, where it occupies 12,000 square feet in a location that’s home to some 400 employees.