Greenbaum Rowe Smith & Davis LLP – Page 2

AST, Robert Wood Johnson mark debut of 229,000 sq. ft. medical pavilion in New Brunswick

AST has completed its latest project in downtown New Brunswick, delivering a new 229,000-square-foot ambulatory care facility for Robert Wood Johnson University Hospital.h

Real Estate NJ’s 2025 Market Forecast

Commercial real estate leaders have entered 2025 with varying levels of optimism. That’s evident from this year’s Real Estate NJ Market Forecast, where you’ll find everything from caution to confidence about how the sector will perform as it balances strong fundamentals in several key asset classes with new regulatory headwinds, nagging inflation and what seems to be a lingering lack of clarity over when lower interest rates will truly impact the industry.

You can read all about it in our 2025 Market Forecast, which features predictions and insights from some of the state’s leading voices in commercial real estate.

Key deadlines loom as towns, builders digest new DCA affordable housing obligations

With the release of new calculations on the state’s affordable housing deficit, towns and cities in New Jersey now have just over three months to adopt the numbers or provide their own.

Industrial

Reports: Hartz scraps plan for logistics park, open space at sprawling Hercules site on I-80

Hartz Mountain Industries reportedly has dropped its plan to build a 2.5 million-square-foot industrial park in Roxbury — one that also called for hundreds of acres of open space — following considerable pushback from a contingent of local officials, residents and others.

Professional Services

Greenbaum adds Record as partner, co-chair of community association practice

Noted community association attorney Caroline Record has joined Greenbaum Rowe Smith & Davis LLP as a partner in its real estate department.

Professional Services

Greenbaum’s Mlenak picked for prestigious American College of Real Estate Lawyers

Steven G. Mlenak, a top redevelopment and land use attorney with Greenbaum Rowe Smith & Davis LLP, has joined the prestigious American College of Real Estate Lawyers as a fellow with its Class of 2024.

Professional Spotlight

Greenbaum, Rowe, Smith & Davis LLP

We represent local, regional and national clients active in the New Jersey market, including developers, REITs, private equity investors, property owners, lenders and governmental entities. We provide strategic counseling and litigation support related to the acquisition, development, financing, leasing, construction, operation and disposition of multifamily, mixed-use, commercial and industrial real estate, with strong expertise in complex ground leases and alternative energy projects.

Residential & Mixed Use

BNE debuts luxury rentals in Chatham, providing a new gateway to Morris County borough

BNE Real Estate Group has opened the doors to its new upscale multifamily property in Chatham — one that’s a far cry from the boutique project it envisioned just a few years ago.

Office

C&W: Greenbaum renewal leads flurry of leasing at Opal Holdings’ Metropark portfolio

Greenbaum Rowe Smith & Davis LLP has signed a 40,000-square-foot lease renewal for its office in Woodbridge, in one of several newly announced deals by Cushman & Wakefield.

Event Coverage

NAIOP New Jersey honors seasoned executives, aspiring leaders at annual awards dinner, in show of strength for state’s commercial real estate industry

Commercial real estate leaders descended on East Rutherford on Monday night for NAIOP New Jersey’s annual President’s Awards and Hall of Fame Dinner, where the chapter honored a group of well-known executives and service providers for their contributions to the industry.