NJAA: Landlords, renters need further support from federal and state governments

The New Jersey Apartment Association is renewing calls for additional assistance to both renters and landlords, as highlighted by the recent national eviction moratorium by the federal government and continued discussions among state policymakers.

Brogan: Apartment owners still facing economic, legislative concerns as health crisis continues

With New Jersey’s coronavirus crisis entering its seventh month, the state’s apartment industry still faces a long list of challenges amid legislative efforts to address the economic fallout. Real Estate NJ connected with David Brogan, the executive director of the New Jersey Apartment Association, who weighed in on everything from rent collections to state and federal policy proposals that he believes would have dire financial consequences for landlords.

Indoor dining in New Jersey can resume Friday at reduced capacity, Murphy says

New Jersey restaurants will be able to open for indoor dining at 25 percent capacity starting this Friday ahead of Labor Day weekend, Gov. Phil Murphy said Monday.

Bell Works details reopening plan, safety measures after COVID shutdown

Somerset Development has unveiled its plan to reopen its flagship Bell Works complex in Holmdel, providing a roadmap for office and retail tenants that were forced to leave as the COVID-19 crisis escalated in early spring.

Government officials not acting fiduciarily responsible

Since mid-March, our national GDP has plunged and New Jersey’s unemployment rate is startling, as budgeted state and local revenues are hemorrhaging. COVID-19 has made matters far worse and the budgetary pains and economic slowdown will be significant and sustained under any scenario. Our state and local elected officials must now make difficult decisions that do not jeopardize our future.

State launches $25 million relief program for small landlords hurt by COVID-19

State officials have unveiled a $25 million grant program for small landlords who have lost rent revenue during the coronavirus crisis.

Resident protection bill would have ‘devastating’ impact on property taxes, operations, NJAA says

The state Assembly has passed a bill that would shield residents from eviction and require landlords to create payment plans for past due rent during the pandemic, drawing renewed criticism from the apartment industry.

A fresh look

You wouldn’t know it by the last four months, but major news stories are always prone to ebbs and flows. The federal Opportunity Zone program is a case in point when it comes to commercial real estate publications. The investment vehicle has been all the rage at various points since it was created in late 2017, only to take a step back as buzz died down.

Hoboken developer, property manager unveils framework for safe return to work

A longtime developer and property manager in Hoboken is rolling out new guidelines to help its commercial tenants and corporate employees return to work safely and confidently.

Pennrose, Marketing Directors resume in-person tours at New Brunswick high-rise

The leasing team at a new 207-unit apartment tower in New Brunswick has resumed in-person showings, while still offering virtual options for prospective renters.