Current Issue
FDU poll finds bipartisan backing for Turnpike expansion from New Jersey voters
It used to be said there was no Democratic or Republican way to pick up waste or plow snow. Even in our divided times, according to a recent FDU poll, New Jersey Democrats and Republicans feel the same about traffic — they want it fixed and strongly agree on an important project to expand the New Jersey Turnpike from Newark Airport to the Holland Tunnel.
Owners Council Q&A: Lance Bergstein
The macro environment had an exponential effect on the commercial real estate market. The impact of increased inflation and borrowing rates magnified some of the underlying fundamentals in the New Jersey market. With that said, the industrial market in the state remained strong in comparison to the rest of the country. The scarcity of developable land in prime locations for logistics prevented rental rate cuts from becoming prevalent in the overall market. There is strong tenant demand, however, corporate spending approvals have been the barrier. As spending approvals become more attainable, there will not be enough chairs (buildings) left for tenants when the music stops. I continue to believe that New Jersey is underserved from an industrial and housing perspective and am very bullish on the activity our market will see in the next 18 months.
It’s complicated: Power, infrastructure constraints loom large as NAIOP panel weighs data center growth in New Jersey
The data center landscape in the U.S., particularly in New Jersey, is experiencing significant growth driven by the evolution of technologies such as artificial intelligence and cloud computing. Yet there is still a good deal of uncertainty around how to meet this growing need.
Looking forward
As you’ll read in this month’s cover story, builders and advocates see New Jersey’s new affordable housing guidelines as a good starting point after more than a decade of uncertainty, conveying cautious optimism even as they confront the financial hurdles, legal battles and political debates that have slowed housing production in the past.
Accordia 2.0: Inside the commercial real estate firm’s next chapter — and the story behind its new leadership team
Accordia is entering a new phase as a developer, investor and asset manager, with high-profile additions to its team, a revamped business plan and several major projects on the horizon.
