Current Issue
Laying the groundwork
As you’ll read in this month’s cover story, stakeholders in Camden have been quietly working to advance the proposed 25-story, 500,000-square-foot office tower that would be known as the Beacon Building. That’s no easy task, given the post-pandemic office market and complex questions of ownership and financial viability. Yet they’re confident in the project’s future, citing commitments from key anchor institutions and the type of cooperation that has helped other large-scale investments in the city come to fruition.
Coming together: Collaboration, partnership in focus as Nokia Bell Labs tower breaks ground in New Brunswick
The groundbreaking for Nokia Bell Labs’ new research and office tower in New Brunswick was a celebration of not just the company’s legacy of collaboration in New Jersey, but the public-private partnerships that have brought the project to life.
Going global: Inside the growth of Asian logistics firms in New Jersey’s industrial market
Asia-based third-party logistics firms have played an increasingly important role in New Jersey’s industrial sector, creating new demand and helping to fill excess inventory after a recent surge in speculative construction. How those firms will be impacted by outsized tariffs and the U.S. trade war with China remains to seen, but developers are optimistic about what is now an established class of tenants.
Right place, right time
As you’ll read in this month’s cover story, Asia-based third-party logistics firms have been critical for many Garden State landlords, creating new demand and helping to fill excess inventory after the recent development surge. A spike in 2024 — when the offshore firms accounted for some 42 percent of all Class A industrial leasing in the state — has given way to a more modest pace in 2025. Yet developers expect Asian 3PLs to continue to loom large going forward, even with the cloud of a trade war between the U.S. and China.
A new solution: Supportive housing advocates, developers hope state law will spark major expansion of special needs units
There’s not enough supportive housing in New Jersey, according to advocates and industry experts, and they hope incentives in the state’s revamped affordable housing rules will help expand the market.
