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Policy Page
Labor force challenges: An intense and growing concern

Fortunately for New Jersey, international migration of the foreign-born is countering the outflow of our domestic population. This trend, however, should not be taken for granted, as immigrants are now heading to other gateways. It is crucial for our economic competitiveness that New Jersey maintain its historic attractiveness for these international arrivals.

Office
Newmark, AEP unveil sweeping revamp of 415,000 sq. ft. East Brunswick office tower

The leasing team at a well-known East Brunswick office tower has taken the wraps off a newly completed, multimillion-dollar upgrade of the 415,000-square-foot building.

Residential & Mixed Use
Gebroe-Hammer touts $214 million in New Jersey, Philadelphia multifamily sales in January

Brokerage firm Gebroe-Hammer Associates is off to a fast start in 2022, inking the sale of nearly 1,200 apartments in New Jersey and Philadelphia across 17 transactions in January.

Health Care & Education
Becton Regional High School eyes $55 million expansion tied to upcoming bond question

Becton Regional High School has proposed a 90,000-square-foot expansion of its campus, as depicted in this rendering, in connection with a $55 million bond referendum scheduled for March 8. — Courtesy: Becton Regional High School

Office
Partnership sells 431,000 sq. ft. Jersey City office building for $300 million

A joint venture has reaped $300 million from its sale of a nearly 432,000-square-foot office building in Jersey City, under a deal announced Monday by Cushman & Wakefield.

Government & Public Policy
EDA takes first step toward launching tax credit for reviving historic buildings

State officials have approved a set of proposed guidelines for a new incentive program to support the restoration of New Jersey’s historic buildings and neighborhoods.

Residential & Mixed Use
Bedrin, March offer new look at plans for Hawthorne luxury apartments (SLIDESHOW)

A development team has unveiled new details and design plans for a 118-unit luxury apartment building in Hawthorne, part of a mixed-use project that’s slated to open this summer.

Photos
Saddleback gifts $10,000 to Spring Lake Toys Foundation to help children with rare illnesses

Saddleback Real Estate Developers has continued its support for a charity that helps families of children with rare illnesses receive essential medical services, announcing a recent $10,000 donation for what’s known as the Spring Lake Toys Foundation.

Industrial
Russo, Onyx see new frontier with rare large-scale industrial project in Morris County

Russo Development and Onyx Equities are banking on the need for local distribution space — and the rise of secondary industrial markets in New Jersey — after recently acquiring a coveted development site in East Hanover.

Industrial
Larken starts construction at 150,000 sq. ft. flex industrial park in Flemington

Larken Associates has broken ground on a four-building, 150,000-square-foot flex industrial park in Flemington.