NAIOP New Jersey works to protect commercial real estate during COVID-19 crisis

Northern, NJ — As federal and state governments address the COVID-19 crisis, NAIOP New Jersey is serving as a vital resource on issues affecting the Garden State’s commercial real estate industry, providing necessary and ongoing assistance and advocacy to its members and the community at large.“Repercussions from the ongoing COVID-19 pandemic are far-reaching and unknown, but the impact on the commercial real estate industry certainly will be substantial,” said Michael McGuinness, CEO. “In these rapidly-changing times, we are doing all we can to keep the market moving in a positive direction while working closely with our member companies to provide necessary support and find solutions that will address both the long- and short-term implications of this crisis. We are also working closely with government at all levels informing them on how best to navigate their strategic response.”NAIOP New Jersey’s recent actions included:Emergency Response. In response to Governor Murphy’s plea to assist with relief efforts, NAIOP New Jersey members stepped up generously by identifying over 1.5 million s/f of space (nearly half in Bergen and Hudson counties) for potential conversion to makeshift intensive care facilities and other emergency operations uses to support first responders and those infected with COVID-19. READ MORE

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