Government & Public Policy
Hartz lands $57 million Aspire award to clean up, redevelop Secaucus site as 775,000 sq. ft. warehouse
Hartz Mountain Industries will build a new 775,000-square-foot warehouse in Secaucus with the help of a nearly $57 million tax credit under New Jersey’s Aspire program, following a major environmental cleanup at the site that allows it to qualify for the incentive award.
EDA approves Paramount as ‘studio partner,’ allowing for bonus tax credits at Bayonne campus
Paramount’s new production hub in Bayonne is now eligible for larger awards under New Jersey’s Film and Digital Media Tax Credit program, following a vote Thursday by state officials to designate the company as a so-called studio partner at the campus.
Paramount coming to Bayonne’s 1888 Studios campus with landmark 285,000 sq. ft. lease
The massive 1888 Studios project in Bayonne has signed a landmark deal with Paramount, the iconic media and entertainment company, securing an anchor tenant for the campus and further cementing New Jersey as a destination for film and television production.
NJ Transit plans RFP for ‘destination’ anchor for restored Hoboken ferry terminal
NJ Transit is seeking a new anchor tenant for the 117-year-old Lackawanna Ferry Terminal that it’s restoring as part of its sweeping Hoboken Connect redevelopment project with LCOR.
High stakes for CRE
Advocacy is central to a four-year strategic plan that NAIOP New Jersey unveiled at the start of 2025, as are other key goals such as creating new value for NAIOP members and improving the perception that public officials, residents and other outside stakeholders have of the commercial real estate sector. The blueprint also calls for elevating the chapter’s position in the industry, enhancing partnerships with academia and expanding its community service programs.
