What can state government do to help redevelopment in New Jersey? The real estate community certainly has its own ideas, but so does a lawmaker and a former longtime mayor. Assemblyman Jim Kennedy answered that very question last week, raising the need for liquor license reform and highlighting what has become been a top priority for New Jersey’s commercial real estate sector.
Restaurants have proven to be desirable anchors for redevelopment projects and magnets for other businesses. However, with few liquor licenses available, smaller local establishments are having their chances of success diminished or are being shut out, thereby stifling competition, development and consumer choice.
Graduate students at Rutgers University can now become certified in real estate development and redevelopment, thanks to a new joint offering at the school’s Newark campus.
The Rundown: Three buildings that house state agencies in Trenton will be torn down to make way for two new structures, with the goals of streamlining the government’s footprint in the city and clearing a path toward private development.