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.
NAIOP: Comptroller report only reinforces need for updated incentives in New Jersey
New Jersey’s use of tax incentives drew harsh criticism from a new audit by a state watchdog agency, but commercial real estate leaders say they welcome the scrutiny — and see it as a step toward updating and renewing the programs later this year.
Developers, consultants weigh the future of New Jersey’s landmark site remediation program
By Joshua Burd Many developers thrive on speed and certainty — and they’ve had considerably more of both in recent years thanks to a law that changed the landscape of environmental cleanups in the state. Stakeholders are now mulling how…
Parting thoughts: Outgoing NAIOP New Jersey president reflects on chapter’s growth — and continued priorities
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.
Washington preps for divided government in 2019: New Jersey may benefit
A newly elected Congress returns in January with Republicans enjoying a slightly expanded majority in the Senate and Democrats taking charge of the House of Representatives for the first time since 2010. I believe that the shift of power in the House to a Democratic majority has opened some opportunities for those of us in New Jersey commercial real estate.
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.
NAIOP New Jersey launches ‘1 million meals’ campaign for Community FoodBank of NJ
NAIOP New Jersey has launched a campaign to raise more than $300,000 and provide 1 million meals for hungry residents and families in the Garden State.
NAIOP honors new hall of fame class, CRE industry leaders
A crowd of nearly 400 turned out Monday night as NAIOP New Jersey inducted three commercial real estate leaders into its hall of fame, while honoring a longtime state government leader and three key industry professionals.
Big data: Many challenges but a wealth of next-gen jobs
The influx of “big data” can be overwhelming and complex — coming with privacy concerns and other challenges — but it provides a great opportunity to help developers and landlords improve operational efficiencies and attract and retain tenants.
Murphy signs law to create new TOD office at NJ Transit
Gov. Phil Murphy has signed into law a bill that requires NJ Transit to establish an office of transit-oriented development and conduct an annual inventory of its real estate holdings, potentially paving the way for new opportunities across the state.
