Murphy signs landmark affordable housing bill, creating new framework for development

Gov. Phil Murphy has signed a landmark bill to revamp how New Jersey calculates and enforces each town’s obligations for affordable housing, setting a path for a new phase of residential development across the state under the Mount Laurel doctrine.

Gutierrez-Scaccetti to NAIOP: Warehouse fee would fund much-needed truck traffic planning

Business groups have lined up against Gov. Phil Murphy’s proposal to charge a fee on warehouses for each truck they receive, but a top state official said the levy is needed to address a chronic lack of traffic planning around new industrial developments.

BNE launches leasing at 400 rentals in West Orange, bringing new life to ex-office property

BNE Real Estate Group has taken the wraps off more than 400 luxury apartments as part of a sprawling redevelopment project in West Orange.

Bill to create new affordable housing framework clears state Senate, heads to Murphy’s desk

The next chapter of affordable housing in New Jersey is now in Gov. Phil Murphy’s hands, following the state Senate’s passage of a bill to revamp how officials calculate and enforce each town’s obligations under the landmark Mount Laurel doctrine.

Policy playbook: NJBA aims to tackle construction, housing costs on multiple fronts in Trenton

Developers are cautiously optimistic about new legislation to streamline affordable housing production in New Jersey, but it’s far from their only public policy objective in 2024.

Tishman Speyer acquires land beneath planned two-tower, 1,941-unit rental project

Tishman Speyer has completed its acquisition of parcels in Jersey City that are slated to become two mixed-use towers with nearly 2,000 new luxury apartments.

Show time: Atlantic Builders Convention set to begin with new venue, new energy as housing industry eyes tailwinds in 2024

The Atlantic Builders Convention will kick off this week at a new venue for the first time in five years, bringing a crowd of thousands to the Hard Rock Hotel & Casino Atlantic City. That comes with new excitement, but organizers say the buzz is about more than just a change of scenery. They also point to growing membership, growing engagement and a more diverse slate of exhibitors, along with signs of progress on key public policy initiatives to streamline new construction and improve housing affordability in New Jersey.

RLS Logistics to quadruple size of Delanco cold storage facility

Cold storage and logistics solutions firm RLS Logistics is growing its footprint in a major way with a planned 135,000-square-foot expansion in Burlington County.

Blau & Berg: Tenant wanted for 13,000 sq. ft. terminal, storage property in Linden

The owner of a nearly 13,000-square-foot truck terminal on 1.6 acres in Linden has tapped The Blau & Berg Co. as its leasing team for the property.

Different by design: Crow Holdings welcomes brokers to new Elmwood Park warehouse, with its distinctive Marcal-inspired architecture

A new warehouse in Elmwood Park has come with great expectations and great anticipation. Fittingly so, for a building that evokes the iconic Marcal Paper factory on Interstate 80.

It’s why Clark Machemer was eager to show off the facility’s exterior during a recent open house with brokers — not to mention its nearly 207,000 square feet of modern industrial space that’s now ready for a tenant.