Policy Page
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.

Office
Onyx announces promotion, names senior VP of property management and construction

Onyx Equities has announced a key promotion as part of an expansion of its construction team and the ongoing growth of its portfolio of office buildings.

Government & Public Policy
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.

Government & Public Policy
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.

Editor’s Note
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.

Office
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.

Residential & Mixed Use
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.

Professional Services
Donnelly unveils UV lighting service for sanitizing commercial buildings

A unit of Wayne-based Donnelly Construction is expanding its services with the addition of ultraviolet lighting solutions for commercial real estate owners.

Office
Onyx unveils guidelines, protocols for reopening office buildings

Onyx Equities is set to reopen its office buildings this week after developing guidelines in consultation with health care, environmental and design experts.

Government & Public Policy
Murphy signs permit extension bill, drawing praise from developers

Real estate industry advocates are cheering the passage of a state law to extend the timeline for governmental permits and approvals for projects that were stalled by the pandemic.