rutgers center for real estate

Parking at multifamily properties is overbuilt, Rutgers study finds, highlighting need for new state guidelines

Demand for parking at multifamily properties in New Jersey is well below what state guidelines require, according to a newly released study by the Rutgers Center for Real Estate, highlighting the potential to reduce construction costs, improve housing affordability and soften the environmental impact of new development by easing state mandates.

Professional Services

Four Rutgers Center for Real Estate students joining Walker & Dunlop

Walker & Dunlop, a corporate sponsor of the Rutgers Center for Real Estate, has hired four students thanks in part to their participation in the Rutgers Business School program.

Government & Public Policy

Rutgers launches study on parking usage at multifamily sites, seeking updated state guidelines

The Rutgers Center for Real Estate has launched a study that it hopes will capture real-time data on parking usage at residential properties in New Jersey, as it pushes for updates to the decades-old standards that towns and cities use to guide land use and redevelopment.

Walker & Dunlop joins Rutgers Center for Real Estate as corporate sponsor

The Rutgers Center for Real Estate has announced Walker & Dunlop as its newest corporate sponsor, bringing additional support, mentorship and training opportunities to students of the nearly decade-old program.

Finance & Capital Markets

Data-driven approach has proved crucial for upstart value-add investment firm

A fast-growing, Newark-based investment firm is thriving two years after its founding, using a trove of data and an in-house platform to help it identify potential sellers and properties.

Casiello joins executive committee at Rutgers real estate program

The Center for Real Estate at Rutgers Business School has added a well-known title insurance professional to the team of industry leaders at the helm of its advisory board.

Government & Public Policy

Murphy taps developers, industry leaders economic recovery council

Gov. Phil Murphy has tapped more than three dozen development executives, labor leaders and other industry professionals as part of a new council to help restart New Jersey’s economy.

Retail

Landlords brace for fallout, search for solutions with retailers battered by COVID-19 shutdown

New Jersey shopping centers that once buzzed with a steady hum of activity have been quiet since late March, with most retail businesses shut down to contain the spread of COVID-19. Retail landlords are now scrambling to figure out how to deal with tenants who say they can’t pay rent because their revenue streams have stopped cold — even though property owners still have their own financial obligations.

Features

Rutgers real estate program eyes new degrees, new investment as it looks to the future

With a foundation in place and support from many of the state’s top commercial real estate leaders, the Rutgers Center for Real Estate is now looking ahead to the next five years and beyond. The program’s leaders feel that further growth will hinge on expanding and fine-tuning the course offerings — such as creating a standalone real estate major and a master’s in real estate — while navigating the challenges of fundraising and scaling up to support their growing student population.

Retail

Familiar territory

As you’ll read in this month’s cover story, a project aims to revive what should be prime real estate in East Brunswick, one that hugs a highway with daily traffic of 100,000 vehicles.