NAIOP New Jersey has announced the finalists for its coveted Deal of the Year awards, highlighting six of the state’s most impactful projects and transactions of 2018.
State Senate President Steve Sweeney last week came to the defense of New Jersey’s use of tax incentives — a recent target of Gov. Phil Murphy’s administration — while pledging to find a solution to extend and update the programs by the time they sunset on June 30.
Vision Real Estate Partners recently welcomed a group of young commercial real estate leaders to its new 20,000-square-foot amenity center at Warren Corporate Center in Warren, where NAIOP New Jersey held its latest “Evening with a Legend” dinner event.
Gov. Phil Murphy will give his budget message to the Legislature on Tuesday, March 5. As the voice of the commercial real estate development industry in New Jersey, NAIOP’s attention will be focused on the messaging that emanates from Trenton. Given the headlines over the last several months, we are rightly concerned about the state’s fiscal health and its ability to withstand a recession, which is all but certain by 2020.
Commercial real estate faces no shortage of disruptive forces, a panel of industry leaders told NAIOP New Jersey last week, citing everything from ridesharing services and automation to changing corporate and consumer preferences.
NAIOP New Jersey will honor two of the industry’s top players in capital markets and commercial mortgage banking as part of its annual awards gala this spring, where it will also recognize a pair of influential developers and one of the state’s longest-serving mayors.
A decade after a landmark law that changed the landscape of environmental cleanups in the state, stakeholders are now mulling how to improve New Jersey’s site remediation program while navigating other proposed changes by policymakers.
Gov. Phil Murphy’s economic vision calls for a State of Innovation that builds a stronger and fairer economy in New Jersey and sets goals related to faster job growth, faster median wage growth, increased venture capital investment, closing the racial and gender wage employment gaps and encouraging thriving urban centers. These are laudable goals and I believe we will get there, if we are careful in how we invest our scarce financial resources, which include incentives for the workforce so desperately needed and the targeted industries that generate the jobs required to help achieve these goals.
As Dave Gibbons wraps up his two-year term as NAIOP New Jersey’s president, he says the organization has made strides with public policy goals such as a new performance bond law and liquor license reform, while growing to nearly 850 members to become the association’s sixth-largest chapter in the country. But he believes there is always more work to be done in both the legislative arena and when it comes to networking and recruitment.