The opening stage of what could prove to be a lively debate over what land in New Jersey should be targeted for development or preservation began Tuesday at the State Planning Commission. The commission heard from both property owners and planning groups that offered different visions for how land should be developed. State officials presented ...

The merger of Princeton Borough and Princeton Township is likely to have a positive effect, however slight, on the commercial real estate market in a locale that attracts companies and tenants who seek a prestigious address. “The consolidation of the two towns, if nothing else, should have a positive impact on a few things in ...

Multifamily home construction will still lead the way in 2012, according to Jeffrey Otteau, president of Otteau Valuation Group, but recent increases in the number of existing home sales may turn into 2013 a new-home construction boom. “There is a powerful indication there that the entry-level price range is beginning to churn,” Otteau said. That’s ...

Hartz Mountain Industries’ first foray into strictly solar development became operational Monday. The Secaucus-based developer announced Monday its 30,000-panel, 8.5-megawatt facility in Hamilton has begun to produce power for the company. The ground-based array is among the state’s largest. Hartz’s solar display occupies 34 acres of a 65-acre property previously slated for residential development. Hartz ...

The absorption rate of big-box retail space in New Jersey is increasing, with the Paramus-based Goldstein Group closing eight such transactions at the end of 2011, including four gyms, in northern and central New Jersey. Chuck Lanyard, president, said the New Jersey market is starting to see rent prices come back after dipping nearly 20 ...

Leasing volume at New Jersey’s offices could remain flat for at least another year, but tenants should use the tepid market as leverage when negotiating new leases, according to a new report by a CresaPartners LLC, a tenant representation firm. Tom Giannone, co-managing partner of the firm’s New Jersey division, said tenants often forget they’re ...

While New Jersey has consistently been at the bottom of lists ranking business-friendly states, relocation experts say corporations have been taking notice of the improvements made under Gov. Chris Christie‘s administration. “The state is certainly moving in the right direction,” said John Boyd Jr., principal with Princeton relocation consultants The Boyd Co. Inc. “Companies are ...

According to a recent Jones Lang LaSalle report, Class A office space in New Jersey’s northern and central markets reached a three-year low during the fourth quarter of 2011. In North Jersey, the vacancy rate stood at 22.1 percent for top-level space at the end of last year. Central Jersey upscale offices were 25.1 percent ...

Three of the four landlords at Newark’s Gateway Center have filed an appeal to block a $250 million tax credit package awarded to their tenant, Prudential Financial Inc., which has been exploring a move within the Brick City. The suit, filed Dec. 23 in state appellate court, argues the state Economic Development Authority on Nov. ...