Current Issue
ESG: An effective agent for positive change and a profitable ROI for CRE
What is ESG — or environmental, social and governance? It is basically a framework to assess how a commercial real estate portfolio manages risks and opportunities resulting from shifting conditions, market and otherwise, to environmental, social and economic systems. Environmental criteria address a company’s impact on and stewardship of the environment. Social criteria refer to how a company manages relationships with and creates value for stakeholders, such as customers, employees, suppliers, communities and shareholders. Governance criteria refer to a company’s leadership and management philosophy, practices, policies, internal controls and shareholder rights, including diversity, equity and inclusion and transparency of procedures and decision-making.
Jumping in
Call me provincial, but I’m always fascinated these days when I hear that an established investor, developer or retailer that operates nationally is only now finding its way into the New Jersey market. With our labor pool, our consumer base and the all-important draw of being a discount from New York City, one can’t help but wonder what took them so long in the first place — especially in an expansion that goes back more than a decade.
Fast-food, health care users vying for ex-bank locations with drive-thrus
Former bank buildings with drive-thru lanes have drawn interest from fast-food chains, medical office tenants and investors during the pandemic, thanks in large part to their structural features and prime locations.
How Devco does it: Inside $1.5 billion pipeline — and decades of high-profile New Jersey projects
New Brunswick Development Corp. is forging ahead after a year in which it broke ground on more than $1.5 billion worth of projects — a milestone that’s all the more notable for a team that never does the same project twice.
Fast-growing Jersey City tech firm shows need, potential for post-pandemic office space
The look, feel and function of the post-pandemic workplace is still uncertain, but a technology firm’s recent expansion in Jersey City is a reminder of why companies will still need office space going forward.
