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  Welcome to the New Jersey Chapter of NAIOP, the commercial real estate development association.         
 

What's New at NAIOP New Jersey



NAIOP Corporate's Marc Selvitelli (VP Membership & Chapter Relations) came to NJ for our July 21 New Member Orientation, hosted by Membership Committee Co-Chair Seena Stein at her lovely home on the Navesink River.



Action in Trenton & Policy News

Christie Vetoes Home Buyer Credit

Gov. Chris Christie has vetoed a bill that would have given tax credits of up to $15,000 to home buyers, saying the state could not afford to forego $100 million in tax revenue over the program’s proposed three-year lifespan.  “I cannot approve legislation, no matter how meritorious, when the state simply cannot afford it,” the Governor said. The measure would have provided three-quarters of the funding to buyers of newly built homes.

Office of Smart Growth to be Revamped

The Office of Smart Growth, created to coordinate growth in state agencies, will be renamed the Office of Planning Advocacy, and control will be given to Lt. Gov. Kim Guadagno. Guadagno said the OSG failed at its mission to prevent regulations from stifling job creation, and she plans to rebuild the program from the bottom up.


COAH Reform at Impasse, Nonresidential Development Fee Moratorium Expired

UPDATED: Nonresidential developers again have to pay a 2.5 percent COAH fee as of July 1, 2010, because the Assembly and the Christie administration are at an impasse over COAH reform legislation. A last-minute bill (A-3055) that would have extended the fee moratorium until October 30, 2010, passed overwhelmingly in the Assembly, but was stopped in its tracks in the Senate when the Governor warned the Senate of an outright veto. The Administration and the Senate are pressuring the Assembly to expedite a COAH reform measure. Senate President Sweeney assures that any fees imposed during this transition period will be fully refunded. Certain projects, however, remain exempt from the fee, provided they had preliminary or final approval by July 1, 2010 and their building permits are obtained by January 1, 2013.

Changes to the Urban Transit Hub Tax Credit Program

In order to improve the effectiveness of the Urban Transit Hub Tax Credit (HUB) program and to comport with statutory requirements made in amendments to the HUB law, the Board of the New Jersey Economic Development Authority (EDA) approved changes on June 8, 2010 concerning the economic impact model and the residential cap.  Per the statute, EDA must ensure that a project demonstrates a positive net benefit to the State.  To accomplish this, an economic impact model was developed to measure the likely impact of a given development to the State and municipality. Read more.

Read more in our Weekly Update.  
Six Dates to Remember

  • August 5 DL Fishing Trip Has Been Canceled
  • July 31: Last Day for Early Bird Golf Registration
  • September 20 Annual Golf Outing
  • September 30 Chapter Meeting
  • October 6 RealShare New Jersey
  • November 8 President's Awards Dinner and NAIOP NJ 40th Anniversary Celebration, The Hilton at Short Hills


Recent Newsletters

July 15 Government Affairs News
June 23 Chapter News



NAIOP in the News


Environmental Issues Update Seminar

NAIOP New Jersey on NJN News Click on "Construction" to see the story on construction union wage freeze.

Older News Clips


NAIOP Members in the News

Adler Development-Rooftop Solar Project

Russo Development Earns Diversity Award

Matrix Among NJ Companies Helping with Gulf Spill

City of Millville Airport Industrial Park Offers Opportunities Millville Airport Industrial Park.pdf


Upcoming events

20 Sep 2010 10:30 AM • Ridgewood Country Club, Paramus
30 Sep 2010 05:30 PM • Glenpointe Marriott, Teaneck






Thank you to all the NAIOP NJ members who volunteered at the Community Food bank of NJ on July 28. All Members Can Still Help

Pictured above are NAIOP NJ Trustee Jorge Berkowitz (Langan Engineering) and Past President Tom Michnewicz (Somerset Development) preparing food bags for senior citizens during NAIOP's volunteer day at the Community Food Bank.  Members brought close to 1,000 pounds of food donations, and financial contributions continue to come in. There is still time to help: make a monetary donation or donate anything from a turkey to a case of corn right now via our Virtual Food Drive

Golf Early Bird Registration Ends July 31

NAIOP NJ members may register now for the Jeffrey J. Siegel Golf Classic, September 20 at Ridgewood Country Club.

2010 Gala Journal Is Online

Read the 23rd Annual Commercial real Estate Awards Gala Journal.

Date Change: September 30 Chapter Meeting
"Current Market Realities and Reasonable Expectations" with Glenn Rufrano, CEO of Cushman & Wakefield. Don't miss this one!  Read the details.


Latest Advance & Rutgers Report Assesses Fiscal Aftermath of Great Recession Across States and Region

As America emerges from The Great 2007-2009 Recession, the country is envisioning its post-recession economic future. In the new Advance & Rutgers Report, Post-Recession America: A New Economic Geography?  Authors James W. Hughes, dean of Rutgers’ Edward J. Bloustein School of Planning and Public Policy, and Joseph J. Seneca, university professor and an economist at the Bloustein School, examine how The Great Recession may turn out to be an economic equalizer across the nation’s states and regions.  Read the report.



Welcome to Our Newest Members


  • Robert Hempstead, Sills Cummis & Gross
  • Andrew Cameron Helfst
  • Robert Paulius, V. Paulius & Associates
  • Sean DiBartolo, GEI Consultants, Inc.
  • Anthony Asencio, Marcus & Millichap
  • Armen Khachaturian, Khachaturian Engineering Associates, Inc.
  • Kevin O'Hearn, Holliday Fenoglio Fowler
  • Robert Martie, Colliers International
  • Owen Bowes, Willis North America
  • Stephen Kisker, Wolff & Samson
  • Heath Abramsohn, Rockefeller Group Development Corporation
  • Thomas Hales, Herman Miller
  • Blake Chroman, Jones Lang LaSalle Americas, Inc.
  • Daniel Miller, The Hampshire Companies
  • Ryan Marrone, Szaferman, Lakind, Blumstein & Blader PC
  • Michael Junghans, Vanasse Hangen Brustlin, Inc.
  • Michael Hedden, American Appraisal Associates

 
Join Our Members-only Groups

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Photography on this website by Gary Gellman/Gellman Images; Mark Cap; Caryl Communications and the NAIOP New Jersey staff.
 
  
 
 
                                                                                 NAIOP New Jersey 2010 Master Sponsors                                                                                    


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