Current Issue
Steady hands: How Genova Burns is helping real estate clients navigate rising rates, market shifts
Genova Burns, home to one of the state’s most prominent real estate practices, is as busy and as integral to the industry as it was before the pandemic and before the Federal Reserve began to raise interest rates last year. Increasingly, though, the Newark-based firm is helping clients either play defense or guide them through this period of uncertainty.
Creative deals fueled by investors’ demand for niche property types
The consensus of this year’s Emerging Trends in Real Estate report for the U.S. and Canada report is one of cautious optimism that we will ride out any near-term slump and be well positioned for another period of sustained growth and strong returns, although a short and mild recession is expected. The article also highlights 10 trends for 2023, many of which have led to creative project deals throughout New Jersey.
Sustained success
As you’ll read in this month’s cover story, the state’s Community Solar Energy Pilot Program has made it both easier and more lucrative for commercial property owners in New Jersey to go green, allowing solar developers to lease their rooftops and sell power to nearby residents. The policy has been critical to the growth of Solar Landscape, a solar developer founded in 2012 that’s been integral to the program’s rollout. Based in Asbury Park, the 10-year-old firm has leased more than 20 million square feet of rooftop space in New Jersey, making it a key player in the commercial real estate market in just a few years.
Big energy: How fast-growing Solar Landscape became a force in New Jersey commercial real estate
Solar Landscape has become a key player with a visible presence in New Jersey’s commercial real estate industry, having leased more than 20 million square feet of rooftop space for its solar projects.
Office construction booms in Lakewood amid stunning influx of residents, businesses
Those heralding the death of the suburban office park may not have seen Lakewood recently, where the growth of Class A space is defying conventional wisdom and statewide trends.
