Fast-growing Jersey City tech firm shows need, potential for post-pandemic office space

The look, feel and function of the post-pandemic workplace is still uncertain, but a technology firm’s recent expansion in Jersey City is a reminder of why companies will still need office space going forward.

On the money

I’ve spent a decade watching Devco tackle some of the state’s largest, most ambitious redevelopment projects with complex capital stacks and broad coalitions of stakeholders. It’s a topic that we feature in this month’s cover story, which follows a year in which the organization broke ground on more than $1.5 billion worth of development. That makes it all the more timely for us to highlight an operation that is seemingly unlike any other developer in New Jersey.

Murphy vetoes bill to allow third-party code inspections, calls for two-year study by DCA

A bill that would streamline construction code inspections in New Jersey using third-party, private-sector consultants is all but dead for now, following a conditional veto by Gov. Phil Murphy that shelved the proposal in favor of a two-year study by state officials.

Third-party inspectors would solve shrinkage of public employees

As of this writing, legislation to facilitate the timely review and inspection of construction activities, which have been on the rebound now that the worst of the pandemic is behind us, is awaiting Gov. Phil Murphy’s signature. We need the third-party option because the number of public-sector inspectors has substantially diminished over the last 10 years and will continue to do so.

CRE.Converge takeaways: Connectivity, technology and flexibility yield resilience

Over 1,000 of commercial real estate’s top owners, developers, investors and allied professionals gathered in Miami Beach last month for NAIOP’s CRE.Converge event to hear insightful discussions with industry thought leaders.

Dermody executive, former NAIOP chapter president Preston to retire at year-end

A rendering of 395 Pedricktown Road, a nearly 482,000-square-foot industrial building that is among the final pieces of Dermody Properties’ LogistiCenter Logan in Logan Township. — Courtesy: Dermody/Ware Malcomb By Joshua Burd Veteran development executive Gene Preston is set to…

NAIOP honors Klatskin family history, legacy with lifetime achievement award

NAIOP New Jersey recently honored Alex Klatskin, general partner with Forsgate Industrial Partners, with the newly renamed Charles Klatskin Lifetime Achievement Award.

Infrastructure investment: A winning strategy for resilience

We can likely all agree that modern and efficient infrastructure systems are a major factor in real estate development and investment decisions. Such strategic, long-term investments lead to increased opportunities for commercial real estate development and result in stronger job creation and economic growth for our communities.

Bill to allow third-party code inspections awaits action by Murphy

Commercial real estate leaders are awaiting the fate of a bill that would allow building owners in New Jersey to hire third-party, private-sector professionals to obtain faster code inspections.

CRE sentiment rises, but weighed down by construction cost challenges

Improving economic conditions have led to an improvement in the NAIOP CRE Sentiment Index, indicating both overall optimism and several ongoing concerns. However, respondents are now more pessimistic about construction costs than in any prior survey, and most expect construction labor costs to increase.