Policy Page
Improved transit is key to New Jersey’s future

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.

Events
NAIOP honors transformative deals, industry icons at annual gala

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.

Government & Public Policy
Seeking a solution, Assembly budget leader calls for extending deadline for state incentives

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.

Policy Page
Earth Day 2019 Rx: Focus on recycling

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.

Policy Page
Trifecta of sweet spots: Urban revival, suburban makeovers and industrial boom

Commercial real estate developers and their professionals are a tough breed of entrepreneurs who thrive on thinking outside the box. My recent observation of presentations to the judges for NAIOP’s Deal of the Year awards (to be announced at the May 16 Gala), confirmed the latent creativity and tireless work ethic in this business — a business that is, in reality, all about hospitality and human resources as developers and brokers focus on creating amenity-rich spaces to compete for tenants and the modern workforce.

Events
NAIOP reveals deal of the year finalists for upcoming gala

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.

Government & Public Policy
Sweeney, top Assembly official offer support for renewing state incentive programs

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.

Photos
NAIOP, Morreale host ‘Evening with a Legend’ event at Warren amenity center

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.

Policy Page
We’ve heard this story before — it’s time for a different ending

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.

Events
NAIOP panel: Disruptors abound in CRE, from co-working to reverse logistics

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.