Current Issue
Getting a building permit in New Jersey is about to get easier
The implications of the newly signed New Jersey Design Professional Self-Certification Act are significant. Depending on a project’s size and complexity, some permit approvals can now be made in a matter of days.
Industrial tenants delaying lease decisions amid capital concerns, despite demand for new space
Industrial tenants are still yearning for the types of modern, high-end logistics spaces that have flooded the market in recent years. When they may actually sign a lease is not nearly as certain.
Shalek brothers, identical twins, making their mark in low-coverage industrial, with ground-up development on the horizon
Identical twins Eric and Scott Shalek are building a portfolio of low-coverage and outdoor industrial storage sites in New Jersey after launching Ridgecut Road in early 2022, with plans to begin their first ground-up warehouse project later this year.
A major caveat
Most people I speak to about the industrial sector have kept a level head about the market’s recent pullback, using words like “normalizing” or “moderating” after the high-flying days of about three years ago. That perspective is to be commended, but it doesn’t change...
Project tour, expansion to new schools helping to grow ULI’s UrbanPlan program for students
The Urban Land Institute’s UrbanPlan program is growing in New Jersey with its recent expansion to a second school district and a project tour led by Russo Development, creating new opportunities for students to participate in hands-on, simulated real estate planning.
