COVER STORY | OCTOBER 2009
Will Brett Yormark’s successful marketing of the Nets take them away from New Jersey?
Slowly and uncertainly, the development of Brooklyn’s Atlantic Yards seems to be progressing. And with it, the New Jersey Nets’ planned move from the Izod Center into the new 18,000-seat Barclay’s Center is still scheduled for 2011.
GREENING THE GARDEN STATE | OCTOBER 2009
ReCAP facility uses solar energy to store rare library items.
Photovoltaic (PV) solar panels have many practical applications, particularly for energy-hungry commercial buildings, and perhaps even more so in a state like New Jersey, with strong environmental policies and enticing renewable energy incentives.
URBAN MATTERS | OCTOBER 2009
LEED sets the standard for commercial developers.
Sustainability is carefully woven through their corporate culture. They generally agree that although it might cost a little more to “go green” at the outset of a project, the long-term rewards are worth it. And they employ the acronym “LEED” as part of their everyday vocabulary.
FOCUS | OCTOBER 2009
New medical centers are comfier and more efficient.
When the $447 million new University Medical Center of Princeton opens in Plainsboro in 2011, it won’t look anything like the hospitals we recall from TV shows—whether that memory goes back to Marcus Welby, or is as recent as ER; in fact, the Plainsboro facility will look even more modern than the hospitals shown in the current hits House and Nurse Jackie.
PRO FORMA | OCTOBER 2009
A year after the panic, New Jersey edges toward recovery.
Technically, the current recession started the end of 2007, but it was the implosion of Lehman Brothers Holdings Inc. in mid-September 2008 that made world financial markets hit the panic button. A year later, economies around the world—and businesses in New Jersey—still feel the pain, but are coping in various ways.
IN OFFICE | OCTOBER 2009
Trenton Green saves costs, the environment, and jobs.
As Senator Robert Menendez and I announced on June 30, Trenton will be using $847,800 in Energy Efficiency and Conservation Block Grants, issued by the U.S. Department of Energy, to lower energy costs dramatically by replacing every traffic signal in the city and making key building upgrades.
FOCUS | OCTOBER 2009
The Peninsula hosts the largest LEED multifamily rental community in the U.S.
Green living doesn’t necessarily need to be at the expense of luxury. With granite countertops, soaring ceilings, and generous square footage, however, a new residential development in Bayonne, hopes to prove to New Jersey commuters that green living can also be lavish.
NEXT? | OCTOBER 2009
REonomy.com offers real estate insiders information at their fingertips.
In our internet-fueled society, we expect our information to be immediate as well as accurate. And in the fast-paced, competitive world of New Jersey real estate, getting complete information quickly can mean the difference between signing a tenant and losing the deal.
CONCEPT | OCTOBER 2009
The Center for Collaborative Change offers hope and help to a city that’s ready for it.
Once plagued with high crime and at times with the label of “most dangerous city in America,” Newark can now look to a brighter future of urban renewal.
