Industrial

The funding for the New Jersey transit system was announced by US Rep. Chris Smith (R-NJ) and requires no local matching cost-share. The $2-trillion stimulus bill called the Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed by the House and signed into law by President Trump on March 27.

In this EXCLUSIVE, James Rice, vice president with AEI Consultants, recently shared his insights into navigating the HUD process, cost reduction and environmental issues on the horizon.

"We are seeing a little less manufacturing than before, but it's really of no concern because logistics and e-commerce continue to fuel the growth."

The stay at home order went into effective April 1 at 8 p.m. Previously, there were 33 counties on statewide stay-at-home orders. The first orders were issued on March 23 for seven counties.

Eric Fox of Cushman & Wakefield was recently inducted into the Association of Silicon Valley Broker Hall of Fame, where event proceeds are donated to selected charities that are recognized for life-changing efforts.

Michael McGuiness, CEO of NAIOP New Jersey, reports that half of the properties identified for possible conversion are located in Hudson and Bergen counties.