Current Issue
On the job
As you’ll read in this month’s cover story, veteran planner and public policy expert Dan Kennedy has a full plate of advocacy issues ranging from flood hazard and stormwater regulations to infrastructure and stranded assets. Fortunately, he brings nearly two decades of experience that includes key roles in state government and six years with the Utility and Transportation Contractors Association of New Jersey.
Gilead’s new Parsippany office is a hub of collaboration and comfort — with a purpose
Gilead Sciences has opened its new 96,000-square-foot East Coast hub at Parsippany’s Latitude campus, touting a space that will foster innovation and creativity while helping employees transition back to the office.
Audible taking new steps to drive office, retail activity in Newark beyond its headquarters
Audible’s newest set of business attraction efforts in Newark figure to have a direct impact on commercial real estate near its headquarters in the city, its home of more than 15 years.
Adaptation
The glory days of near-zero vacancy and hard-to-fathom rent growth in the industrial market always came with the slightest bit of tension, especially among veteran landlords who know full well that nothing lasts forever. And with good reason, as we now know, as the asset class grapples with new headwinds that may not have seemed likely only two years ago.
Industrial owners pivot to new (and old) strategies amid challenges to development, capital stack
Industrial owners in New Jersey are adapting to a climate of caution in the capital markets, cooling demand from tenants and growing local resistance to large warehouse projects. Some see it as a chance to double down in a market that they feel is still fundamentally sound, despite a slowdown in big-box leasing, as others pivot to different, more conservative approaches.
