Plans are underway to completely rebuild the Metro Center on Pacific Avenue in downtown Santa Cruz. (Dan Coyro -- Santa Cruz Sentinel)Jennifer Mazawey | Real Estate Weekly

 

In development, we often laud “public-private partnerships” – ultimately an overused blanket term for projects in which a state or local government is in some way financially vested.

But, the reality is that very few strides are made in real estate and development without at least peripheral support from the state or local governing bodies. And, here in New Jersey, the public and private sectors have set the table for what has become perhaps the smartest and most effective development climate in the nation.

New Jersey has benefitted from the presence of several forward-thinking, innovative developers, to be sure, but policymakers have clearly done their part to incentivize projects that will have the greatest positive impact to their communities. Read more