Elisa Buckley has taken the reins as the board president of Commercial Real Estate Women of New Jersey, having risen through the ranks since joining the association in 2009. Among other goals, she now hopes to further expand membership and improve access to the chapter’s events.
One to watch
We learned last September that a developer has proposed building a 135,000-square-foot studio complex in Jersey City, with the very purpose of capturing the production companies that it says are coming here because of the film tax credit incentive. As you’ll read in this month’s cover story, other developers and property owners are making a similar bet, amid surging demand from the film and television industry.
Commercial real estate clients have helped fuel growth of Red Bank branding, marketing firm
Splendor Design Group will celebrate its 20th anniversary in business in August — and it has grown in recent years thanks in large part to the commercial real estate sector. Five years ago, Taylor said, real estate companies accounted for 20 percent of its total clientele. Today, 60 percent of its customer roster comes from commercial real estate — with clients including SJP Properties, Onyx Equities, Langan and J&L Cos. Those clients have turned to Splendor Design for a major injection of energy into their branding and marketing efforts.
Policy watch
I’ll admit it: The prospect of writing about technical, complex environmental policy can be daunting and frustrating. Especially when it’s not your everyday beat. But there’s no getting around the importance of one policy in particular, at least when it comes to the future of New Jersey commercial real estate. If you polled a group of developers and service providers, many would tell you that the state’s Licensed Site Remediation Professional program has been critical, helping to unlock new opportunities at formerly contaminated sites and adding to the momentum of red-hot product types like industrial and multifamily. Some might find it hard to believe that next May will mark a decade since the program was born under the landmark Site Remediation Reform Act. But with that milestone fast approaching, the LSRP system is getting a fresh look from policymakers and stakeholders.
Langan knows OZs in NJ
Enacted as part of the 2017 federal Tax Cuts and Jobs Act, the Opportunity Zones program will bring development into low-income areas. While investors and developers take steps to form Qualified Opportunity Funds (QOFs), Langan is well positioned to support substantial improvement projects among the 169 tracts within 73 towns in New Jersey. In fact, because of our near half-century of providing engineering and environmental services in our state, we have the right experience and site knowledge to help maximize investments in our OZs.
