Vacancy rates in northern and central New Jersey's office and industrial real estate markets showed slight improvement in the second quarter of 2012, but the pace has remained slow, with lags in employment growth, according to a quarterly report by Cushman & Wakefield's New Jersey operations.
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After building support among Realtors, developers, banks and housing advocates in New Jersey for legislation to transform foreclosed homes into affordable housing, Sen. Raymond Lesniak (D-Union) was angered — but not at all surprised — when Gov. Chris Christie took a veto pen to his measure...

With the passage of a bill that would raise the cap on the Urban Transit Hub tax credit program, residential developers say they have renewed hope the state will reinstate the incentive for use in housing and mixed-use projects.

The plan to bring Formula One racing to Hudson County has brought international attention to the region, but a local engineering firm is playing a key role in designing the course that will host the world-class event next June.

An additional $250 million in funding for the Urban Transit Hub tax credit program is scheduled for approval by both houses of the Legislature this afternoon.

After months of planning and efforts to gain public approval, the Hackensack City Council passed Wednesday a Main Street Rehabilitation Plan to spur economic development and infrastructure improvements along the city's 39-block Main Street corridor.

While darkened big-box stores remain problematic for the state's retail real estate sector, absorptions in the central New Jersey market have triggered improvements in the vacancy rate and sparked new developments, according to an annual survey by Old Bridge-based retail real estate broker R.J. Brunelli & Co.