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Real Estate NJ’s 2022 Market Forecast

Every year has its ups and downs. Every market has highs and lows. Both were true when it came to New Jersey’s commercial real estate sector in 2021, a year that marked ongoing dominance for some asset classes, as COVID-19 continued to loom over others. Whether those trends endure in 2022 remains to be seen, but we’ve recruited some of the industry’s most prominent developers, service providers and insiders to help set the stage. You can find their predictions, insights and more in our special 2022 Market Forecast.

Professional Services
Greenbaum Rowe taps Mlenak as redevelopment, land use co-chair

Greenbaum Rowe Smith & Davis LLP has named a new co-chair of its redevelopment and land use department.

Government & Public Policy
Insiders see growing (but measured) demand for new, more targeted state incentive program

With the recent approval of the first awards under Emerge, the state’s new jobs-based tax incentive program, officials and other insiders expect to see a measured pace of applications for a subsidy that was designed to be more discerning and targeted than its predecessor.

Professional Services
State bar association taps Fersko for cannabis law executive committee

A top real estate attorney with Greenbaum Rowe Smith & Davis LLP has joined the leadership of the New Jersey State Bar Association’s Cannabis Law Committee.

Residential & Mixed Use
Plainfield planning board OKs project with 357 apartments, rooftop restaurant space

Local officials have granted a key approval to a four-building project that would bring more than 350 apartments and commercial space to the edge of downtown Plainfield.

Roundtable
What challenges do New Jersey’s cities and downtowns face coming out of the pandemic?

What challenges do New Jersey’s cities and downtowns face coming out of the pandemic? We assembled a panel of industry experts to tackle this month’s question.

Residential & Mixed Use
NJIT, developers break ground on 548-bed residence hall in Newark

Construction is set to begin on a new eight-story, 548-bed residence hall at the New Jersey Institute of Technology’s campus in Newark, one that will create much-needed space for the university and repurpose the former site of an elementary school.

Professional Spotlight
Greenbaum, Rowe, Smith & Davis LLP

Greenbaum, Rowe, Smith & Davis LLP represents a wide range of local, regional and national clients who are active in New Jersey’s real estate market. Our client base ranges from developers to REITS and private equity investors. The team also focuses on property owners, lenders, governmental entities and homeowners associations. We provide strategic counseling and related litigation support related to the acquisition, development, financing, leasing, operation and disposition of multifamily, mixed-use, commercial and industrial real estate.

Government & Public Policy
New grants for New Jersey towns, cities could boost redevelopment opportunities

Business leaders are cheering the passage of a new economic development incentives law in New Jersey, following a two-year battle in Trenton and the added uncertainty of the pandemic. Yet some stakeholders are pointing to a far less heralded, less contentious piece of the New Jersey Economic Recovery Act as a key tool for spurring new investments around the state.

Government & Public Policy
Greenbaum Rowe attorney tapped for newly created NJBA redevelopment counsel post

The New Jersey Builders Association has tapped a partner with Greenbaum, Rowe, Smith & Davis LLP for the newly created position of redevelopment counsel.