Apartment developers will need to add approximately 325,000 new units each year until 2030.

The Board of Commissioners also approved the first inflation-based adjustments to the agency's tolls, fares and fees since 2015.

One of the highlights of the evening program will be when Anne Evans Estabrook of Elberon Development, Mindy Lissner of CBRE and Diana Fainberg of D.E. Fainberg will be inducted into the NAIOP New Jersey Hall of Fame.

Crossner will oversee all project entitlements as well as political, community and public relations during project development.