An uneven recovery? NAIOP panelists see different paths for different asset types in 2024

The state’s industrial and office sectors both faced headwinds in 2023, but the year ahead for each asset class may be decidedly different. That was a key takeaway last week from panelists at NAIOP New Jersey’s Annual Meeting and Commercial Real Estate Outlook, who noted that demand for warehouse and logistics space has normalized after a record-breaking run during the pandemic. Office landlords, meantime, are still grappling with shrinking corporate footprints and remote work policies, further straining submarkets that are both aging and oversupplied.

Murphy signs law to revive unused liquor licenses, ease restrictions on craft breweries

Gov. Phil Murphy has signed a bill to update the state’s nearly century-old liquor license laws, seeking to activate nearly 1,400 dormant retail licenses and expand the supply of an asset that many see as critical to economic development.

NAIOP New Jersey to host annual meeting, commercial real estate outlook on Jan. 25

NAIOP New Jersey will welcome hundreds of industry leaders next week for its first event of the year, where experts will highlight economic trends and their impact on commercial real estate.

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.

Kennedy details top policy, organizational goals after taking over as NAIOP New Jersey CEO

Dan Kennedy is now at the helm of NAIOP New Jersey after taking over as CEO on Aug. 1, with plans to tackle a host of key public policy issues and visions of bolstering what is already one of the commercial real estate association’s strongest and most-respected local chapters.

On the job

As you’ll read in this month’s cover story, veteran planner and public policy expert Dan Kennedy has a full plate of advocacy issues ranging from flood hazard and stormwater regulations to infrastructure and stranded assets. Fortunately, he brings nearly two decades of experience that includes key roles in state government and six years with the Utility and Transportation Contractors Association of New Jersey.

Langan’s Chun among five honorees for NAIOP’s 2023 Developing Leaders Award

NAIOP has recognized a senior project scientist with Langan Engineering & Environmental Services as a recipient of its 2023 Developing Leaders Award.

Business, government leaders mourn longtime BPU chief Joe Fiordaliso

Joe Fiordaliso, the longtime president of the New Jersey Board of Public Utilities and a key figure in the state’s policy focus on renewable energy, died Wednesday at age 78.

Commercial real estate leaders pay tribute to Oliver after lieutenant governor’s death

The death of Lt. Gov. Sheila Oliver is rippling through the state’s commercial and residential real estate industries, whose leaders recalled her as a pioneer and devoted public servant who advocated for affordable housing and economic development.

Hospitality: A real game changer — it all comes down to people

In prepping for this piece, I reviewed the 72 articles I wrote since 2017 to identify common themes. Unsurprisingly, the common denominator was the crucial need to change how we do business with the end goal of improving people’s lives for a simpler and better quality of life — one that is less taxing and costly and more efficient and effective.