Optimism for CRE in the new year

Overhauling the Energy Master Plan is an opportunity for impacted stakeholders, like you, to help improve what is currently an unrealistic policy document that has done little to accelerate achieving its lofty goals. Perhaps most striking about the current EMP is it lacks an unbiased estimate of what it’ll cost ratepayers, including commercial real estate owners and tenants. Gov. Phil Murphy acknowledged this glaring omission when he announced the 2024 EMP will “seek to better capture economic costs and benefits, as well as ratepayer impacts.”

Hudson Atlantic touts expansion, sales growth as Zweibel assumes full ownership

Brokerage firm Hudson Atlantic is starting a new chapter after a recent consolidation of ownership, eyeing continued growth in what will be its fourth full year in business.

NAI Hanson acquires The Garibaldi Group, NAI Summit to combine storied brokerage firms

NAI James E. Hanson has acquired The Garibaldi Group, bringing together two of New Jersey’s oldest and most recognizable brokerage and real estate services firms.

JLL: Buyer wanted for Parsippany office building with ‘significant upside’ from redevelopment

Another office building in Parsippany is on the market for sale for potential redevelopment or repositioning, in a newly announced offering by JLL’s New Jersey capital markets team.

KPMG leases 66,000 sq. ft. at Morristown’s HQ Plaza, slated to move from Short Hills in 2026

KPMG has taken 66,000 square feet at Morristown’s HQ Plaza complex, marking the latest high-profile addition to the town’s roster of major corporate tenants.

NAI Hanson: New Jersey industrial vacancy still rising, but could moderate as construction slows in 2025

Industrial vacancy in northern New Jersey rose again in the fourth quarter, as new construction continues to weigh on the market alongside growing sublease space and other factors.

Fully mobilized: Greek, chair of new ‘Circulate NJ’ coalition, sees breadth of membership as key to promoting logistics industry’s impact (and curbing misinformation)

Let there be no confusion: Circulate NJ is not a lobbying group, as David Greek is quick to point out, but a well-organized, diverse coalition that has assembled to promote the vast economic benefits of New Jersey’s logistics sector.

That message is at the heart of the new public awareness campaign that launched shortly before Thanksgiving, led by a membership that includes not just prominent developers but stakeholders ranging from dock workers and truckers to the likes of Amazon. All of which have a vested interest in promoting their collective industry and, in turn, defusing the hostile rhetoric and misinformation that has derailed a growing number of warehouse projects in recent years.

Crow Holdings eyes summer delivery for new Hudson Valley logistics campus’ first phase

Construction is well underway on a project by Crow Holdings Development that will bring nearly 835,000 square feet of new logistics space to New York’s Hudson Valley.

EDA approves $4 million grant to expand Showboat family entertainment hub in Atlantic City

A major expansion is coming to Atlantic City’s Showboat Resort, now a family entertainment destination, with the help of more than $4 million in newly approved funding by the state.

DIGroup leader Myers wins ‘Diversity in Business’ honor from Philly business journal

The Philadelphia Business Journal has recognized Vince Myers, president and cofounding principal of DIGroup Architecture, as a 2025 Diversity in Business honoree.