Retail
Experts: Supreme Court’s ‘Wayfair’ ruling will have broader impact on taxes than real estate

A recent ruling by the U.S. Supreme Court will likely raise the cost of some online sales and provide an infusion of revenue for New Jersey’s state coffers, but its impact on commercial real estate may be limited.

Government & Public Policy
Amazon HQ2: Newark council approves $2 billion incentive package

Newark city officials have formalized a $2 billion incentive package meant to attract Amazon’s second headquarters project, one that could also be used to lure other companies that would deliver a similar economic impact.

Office
Newark’s construction boom is bolstered by a long-awaited change in perception, CBRE says

Experts say Newark is enjoying not only a surge of new private-sector investment, but also a level of interest that is helping to break the stigma that has plagued it for decades.

Industrial
CBRE industrial broker earns top national honors for 2017

A veteran broker with CBRE was the firm’s top industrial producer in the Americas in 2017, with a series of deals headlined by high-profile transactions in Edison and Perth Amboy.

Industrial
Amazon announces newest South Jersey fulfillment center

Amazon has taken the wraps off its newest fulfillment center in New Jersey, a 650,000-square-foot facility in Gloucester County that will house more than 1,000 employees.

Residential & Mixed Use
NYC tech growth is added fuel for Gold Coast rental market

If recent moves by Google and Amazon are any indication of what’s to come in Manhattan, the residential market on New Jersey’s Gold Coast could be among the biggest winners.

Industrial
Amazon, retailers fuel Q4 industrial gains in N.J.

Retailers accounted for more than a third of all industrial gains in northern and central New Jersey at the end of 2017, according to JLL, fueling what amounted to the second-highest net absorption total of any year since the recession ended.

Office
After pitch to Amazon, Trenton feels it’s one step closer to unlocking its potential

Making a pitch for Amazon’s second headquarters achieved two very important goals for Trenton: Not only did the city submit a competitive, coordinated bid for Amazon HQ2 — a feat that may have seemed unlikely in past years — but it created a blueprint for showing its vast potential as a vibrant, mixed-use destination for other large corporations.

Government & Public Policy
Amazon HQ2: Christie signs bill for $5 billion incentive package

Less than a week before leaving office, Gov. Chris Christie has signed off on a $5 billion incentive package to help land Amazon’s coveted second headquarters project.

Industrial
Colliers: Williams Sonoma, Best Buy lead Q4 industrial leasing

Industrial leasing in northern and central New Jersey topped 40 million square feet for the third consecutive year, Colliers International said Friday, thanks to a surge to close out 2017.