Commercial real estate leaders came together on Monday to honor a group of top advocates and service professionals, touting their work in public policy and in shaping the industry’s future.
As hiring and human resources decisions drive corporate real estate selection more than ever, New Jersey developers are responding by designing spaces and amenities that meet those needs, while expanding their focus on the labor markets around their project sites.
Current and accurate data on population shifts and consumer spending enables the real estate industry, government officials and businesses to make informed choices on investments and resource allocation.
Messaging from Trenton over the last several months, “airing dirty laundry” and delayed payments and responses to companies involved in the state’s incentive programs are scaring away legitimate businesses from setting roots in New Jersey. Businesses need certainty and clarity. Why don’t we pivot the conversation to one about how to make robust investments in our people and infrastructure without any further distractions and political roadblocks?
Technical changes to the 10-year-old Site Remediation Reform Act incorporate many lessons learned since the law was originally enacted, industry insiders said last week, as a bill that would update the program now awaits a decision by Gov. Phil Murphy.
Amid a strong economy and surging demand for consumer products, industrial remains one of the hottest segments in the commercial real estate industry. The strong demand for space is pushing industrial developers to innovate, leading to multistory distribution centers, on-demand space, robotics and online freight brokerage services
Legislation was enacted last November that requires NJ Transit to establish an office of real estate economic development and transit-oriented development to assess all its properties and annually recommend how best to increase NJT’s non-fare revenues. The goal is to enable NJT to have more funds to invest in its operations, maintenance and capital projects in order to improve performance for bus, rail and light rail passengers.
Two of the state’s most ambitious redevelopment and adaptive reuse projects were among the top honorees Thursday at NAIOP New Jersey’s annual gala, where a crowd of hundreds celebrated the commercial real estate industry and some of its leading figures.
With the state’s two main incentive programs set to expire on June 30, a high-ranking state lawmaker called on Gov. Phil Murphy to consider extending the deadline and allow policymakers to revamp the tax credit offerings without interruption.
April 22 is Earth Day, always a great time to reflect on what we as citizens can do to make the planet a little greener: reducing waste, conserving energy, reusing or donating products and recycling.