By: Jennifer Mazawey
Partner Jennifer Mazawey's predictions for the upcoming year in commercial real estate were featured in Real Estate NJ's recent 2019 Market Forecast.
The article quotes Ms. Mazawey as saying, "Overall, I believe we will see more focus on development in “Opportunity Zones,” resulting in new and different investors getting interested in real estate development. With new opportunities in cannabis production and sale, and consumers’ desire for immediacy, we will see continued drive for industrial development in 2019. From the land use perspective, we will need to be in tune with current zoning and understand the timing necessary to deliver approvals in those communities. There should be continuous dialogue with community leaders and planning staff, working together to find ways to partner and ensure continued strong development in New Jersey. On the incentives side, we await details of the state’s new gap-filling incentive programs, such as NJ Aspire, and expect they will have a positive impact. Celebrating our 30th anniversary in 2019, Genova Burns is happy to help our clients navigate the legal and political landscape of the market, as we continue to be at the intersection of law, government and business."
To read the full article, please click here.