Most are undoubtedly aware that, in this past election, New Jersey voters overwhelmingly passed a ballot initiative to legalize the recreational use of cannabis for adults age 21 years or older. Due to our state’s geographic location and dense population, experts predict this marketplace will quickly become a multibillion-dollar industry. As we wait for the cannabis sector to spark up in New Jersey, now more than ever, those interested in joining the industry should evaluate what type of real estate space is best suited for this emerging industry, which will differ based on the type of cannabis license it seeks.
Because of Gilbane Building Company’s diverse expertise and capabilities across multiple market segments, we are able to work with a broad base of clients on an array of project types. Our clients range from leading pharmaceutical and life science, health care, financial services, tech and telecom companies to retail, residential and commercial developers, education, public sector and more.
When selecting March Associates as your Construction Manager, you are getting a true partner for your real estate development project. March has a teamwork approach to all its projects. We work closely with our clients and team to ensure we deliver the highest-quality product. President Lou March is involved with each project, lending his expertise to our seasoned group of construction professionals.
JMF Properties, one of New Jersey’s leaders in residential and commercial redevelopment, has emerged from 2019 with a growing roster of brand-name retail and hospitality tenants.
Morristown has become one of New Jersey’s premier transit-oriented areas situated within a unique urban/suburban setting. Morristown’s 24/7 vibrant downtown is defined by its walkable and rapidly growing retail and residential developments. The heart of the commercial corridor surrounds the Morristown Green, a two-and-a-half-acre park that is bordered by upscale housing, office towers along with many restaurants and shopping options, attracting a high concentration of millennials.
The nation’s life sciences sector continues to expand, boosted by technological advancements, growing employment and a strong economy. While Boston and San Francisco remain the country’s main life sciences hub, their tightening inventory and constrained labor force has driven momentum south to the Garden State.
The New Jersey industrial real estate market has been a model of consistency for the past three years. So, it should come as no surprise that the market had another strong performance to close out the decade, as healthy demand for large blocks of space helped keep absorption positive for the 28th consecutive quarter.
Here in New Jersey, we need energy to heat our homes and power our modern lives. However, recently introduced public policy could mandate that consumers could lose choice and be forced to convert to a significantly more expensive form of energy — in fact, it could double your monthly bill. In a recent poll about this very subject, New Jersey residents made it loud and clear that they want to make their own decisions in how to provide energy for their homes.
With the presidential election now less than a year away, 2020 promises to be a year in which politics is difficult to escape. But before businesses and individuals rush to engage in political activity and make political contributions at the county and municipal levels, it is important to review New Jersey’s pay-to-play laws. Because what the real-estate world doesn’t know about political contributions may come back to hurt it.
The management team at Baridge House, a 17-story condominium building in Hackensack, called on RenuKrete to repair and transform two garage hallway floors. Once the integrity of the concrete floor below the tile was established, the RenuKrete team turned its attention toward the aesthetics of the concrete floor and began to install the tile patterns into the existing slab, revealing the unexpected beauty of the previously inconspicuous concrete.