AGP Executive Report
Last update: 12 hours agoData Centers: Bridgewater removed a proposed data center from its Route 22 redevelopment plan, joining more than 100 New Jersey towns restricting such projects amid concerns about power, water and neighborhood impacts. Industrial Real Estate: Warehouse construction is slowing as New Jersey’s industrial vacancy rate reaches 7.3%, up from below 2% in 2022; demand remains strongest for newer distribution space. Energy: The NJ Board of Public Utilities is seeking public input through Dec. 4 on what developers must disclose when proposing advanced nuclear projects, including costs, safety and local impacts. Transportation: NJ Transit approved three transit-oriented development projects in Jersey City, Bound Brook and Morristown, while work is underway to replace the Newark Bay Bridge, a major regional route. Business: Centric Brands’ CEO-led buyout brings new investors as the company continues investing in operations, including New Jersey distribution centers totaling 2.7 million square feet. Agriculture: New Jersey cranberry growers are working to protect the state’s signature harvest as the climate warms.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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