Government & Public Policy
EDA pledges $35 million tax credit award for 141-unit senior housing project in Totowa

A plan that would create 141 units of affordable senior housing in Totowa is advancing with the help of a $35.3 million tax credit award from the New Jersey Economic Development Authority.

Government & Public Policy
EDA, SOSA launch business accelerator, support space in Jersey City for international companies eyeing growth in U.S

State officials have unveiled a new coworking and support space in Jersey City that will serve as a hub for global companies seeking to establish and scale their operations in the United States.

Events
United Way Legacy Event to honor Sletteland, Impact Award finalists as key New Jersey leaders take center stage

The annual United Way Legacy Event returns this week with a timely panel discussion and a program that highlights some of the New Jersey commercial real estate industry’s top talent — all in support of households facing financial hardship.

Government & Public Policy
Sherrill signs order to speed housing production, eyeing cross-agency council with key deadlines

Gov. Mikie Sherrill is making a push to accelerate housing production in the state, announcing plans for a new multiagency council and several other steps to reduce barriers to development.

Residential & Mixed Use
Pennrose, officials mark start of construction for new veterans senior housing in Woodbridge

Pennrose has broken ground on a project that will bring 60 units of affordable senior housing to Woodbridge with a preference given to military veterans.

Government & Public Policy
A guiding force: Why time with Newark Alliance will loom large for new EDA chief Weiss

Evan Weiss had his reasons for leaving state government in 2021. One of them, he recalls, was “because I started to feel so removed” from the constituents who were affected by the sweeping policies and billions in funds he helped deploy as a top adviser to Gov. Phil Murphy.

He rediscovered that connection as head of the nonprofit Newark Alliance, a role he held for four years — and one that will loom large as he returns to Trenton as CEO of the state Economic Development Authority.

Government & Public Policy
EDA board approves Weiss, former Newark Alliance leader, as its new CEO

Evan Weiss is set to officially take the helm of the New Jersey Economic Development Authority, following a board vote Wednesday to approve him as its next chief executive.

Government & Public Policy
Sherrill taps Weiss to lead EDA, Potosnak as DEP commissioner

Gov.-elect Mikie Sherrill has filled two key posts impacting commercial real estate, naming Evan Weiss as CEO of the New Jersey Economic Development Authority while nominating Ed Potosnak as commissioner of the Department of Environmental Protection.

Government & Public Policy
EDA approves $400 million Aspire tax credit for new RWJBarnabas hospital at Fort Monmouth

Plans to build a new $1.5 billion hospital at the historic Fort Monmouth property are moving ahead with the help of a $400 million tax credit award under the state’s Aspire program.

Finance & Capital Markets
SK, Berger land $250 million in financing for 396-unit Newark rental project, W&D says

A joint venture’s plan to bring nearly 400 new apartments to downtown Newark is advancing with more than $250 million in capital commitments arranged by Walker & Dunlop.