AT A GLANCE
150 Clove Road, 9th Floor
Little Falls, NJ 07424
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331 Newman Springs Road
Building 3, Suite 310
Red Bank, NJ 07701
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519 8th Avenue, 25th Floor
New York, NY 10018
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OUR EXPERTISE
- Acquisition, disposition, leasing and financing of all classes of commercial real estate
- Land use/zoning, redevelopment and development incentives
- Environmental remediation, compliance and controversy
- Construction contracts and dispute resolution
OUR CLIENTS
At Scarinci Hollenbeck, we represent regional and national developers, private equity firms, real estate investment trusts and real estate holding companies in the development of multifamily residential, logistic and infrastructure projects.
PROJECT SPOTLIGHT
Scarinci Hollenbeck is proudly representing the Hoboken Brownstone Co. in the third major retail mall redevelopment project the firm has championed over the past five years. Having successfully assisted in the redevelopment of the Monmouth Mall in Eatontown and the Flemington Outlet Mall in Flemington, our attention is now trending to the redevelopment of the Echelon Mall in Voorhees, NJ, one of the most complex, multifaceted ongoing redevelopment projects in the state involving redevelopment plan amendments and agreements, long-term tax abatements, redevelopment area bonds, Aspire tax credits, settlement of the municipality’s affordable housing obligations, adaptive reuse of internal mall space, homeowner association registration, partnership agreements with national developers serving as vertical construction partners and the negotiation and drafting of comprehensive easement agreements with surrounding owners that will continue to utilize the mall property for access, all against the background of a difficult development climate from a governmental and private funding perspective.
ON THE HORIZON
Overall, 2025 looks like a good year for the New Jersey real estate market. We should see a revival in activity across several sectors. Pent-up demand combined with improved market conditions, falling interest rates and an influx of foreign investors looking to take advantage of a closer alignment in U.S. real estate valuation will encourage lenders to turn on the faucet on construction financing, providing developers the funding they need to clear a pipeline of approved projects that remained stalled throughout 2024. A further catalyst to growth can be anticipated in the newly released “Fourth Round” affordable housing requirements. We should see greater cooperation between developers and local governments as municipalities look for ways to satisfy the present need for 60,000 to 80,000 affordable housing units and developers with an eye toward 2026 and beyond look for new opportunities.
ONE MORE THING
Over the past year, Scarinci Hollenbeck has expanded our litigation practice group to include several attorneys with extensive experience in real estate litigation. In addition to our ability to handle a broad variety of real estate transactional matters, we are also equipped to represent our clients in real estate litigation, landlord tenant matters and alternative dispute resolutions.
