Current Issue
Changing times
As you’ll read in this month’s cover story, redevelopment is coming to some of New Jersey’s largest malls — from the mecca of Paramus to Burlington County — as owners and local officials mull the future of their cherished shopping centers. Increasingly, those plans call for bringing new apartments, health care facilities and vibrant public spaces meant to create new foot traffic. Many of these projects are now moving forward in the Garden State, with more to follow, despite pockets of opposition and the challenge of repurposing a sprawling property with longstanding anchor tenants.
Westfield pushes ahead with sweeping downtown redevelopment, despite opposition
Westfield has set the stage for more than $400 million in mixed-use redevelopment that town leaders say will revitalize their business district and serve as a model for other mature suburbs, with hopes of breaking ground early next year despite opposition by some residents.
SJP breaks ground on 260,000 sq. ft. Sanofi office building at M Station in Morristown
Construction is set to begin on Sanofi’s new 260,000-square-foot flagship office building in Morristown, under the second phase of a high-profile redevelopment by SJP Properties.
High praise: NAIOP leaders pay tribute to outgoing CEO McGuinness
We asked commercial real estate industry leaders for their thoughts on NAIOP New Jersey CEO Michael McGuinness, who is retiring next month after more than 25 years in the role.
You can’t make it up: Newark’s thinly veiled rent control law is reckless (and illegal)
Newark Mayor Ras Baraka must have snuck into our recent seminar — The Newark Redevelopment Update — and heard the buzz about this proposed resolution because it appears he ran out and got it enacted into law immediately. What is so silly about his maneuver is the fact that it is clearly illegal and will be more than likely overturned rather quickly. So why pass such a resolution in the first place?
