May 13, 2025 - 08:34
NEWARK — Mayor Steven Fulop has been vocal about his disdain for what he calls a “corruption tax,” yet evidence suggests that this term might be more reflective of his administration's practices than a genuine concern for taxpayers. The reality in Jersey City appears to be that developers are expected to contribute significantly to Fulop's campaigns and super PACs as part of the cost of doing business.
In exchange for these financial contributions, Fulop is accused of prioritizing the interests of real estate developers over those of the city's residents. Critics argue that this arrangement undermines the integrity of local governance and places an undue burden on taxpayers. The implications of these actions raise questions about transparency and accountability in city leadership.
As development projects continue to reshape the landscape of Jersey City, the fallout from this perceived favoritism could have lasting effects on the community. Residents are left to wonder whether their needs are being sidelined in favor of lucrative deals for those with deep pockets.
September 4, 2025 - 05:14
Blackstone Restructures Leadership in Asia Real Estate DivisionBlackstone Inc. is undergoing a significant restructuring of its senior management within its Asia real estate division following the announcement that its long-serving head of acquisitions will be...
September 3, 2025 - 21:36
Major Sale Completed for Georgetown Plaza in Annapolis, MDExplore the latest deal in commercial real estate with the sale of Georgetown Plaza in Annapolis, Maryland, which has been finalized for approximately $4.9 million. This significant transaction...
September 3, 2025 - 04:54
Unraveling the Challenges in Commercial Real EstateThe commercial real estate (CRE) sector is currently facing significant challenges, marked by rising loan delinquencies and increasing refinancing risks. As interest rates continue to climb, many...
September 2, 2025 - 21:27
Upcoming Climate Week NYC 2025: A Hub for Climate Action in Real EstateClimate Week NYC is set to make a significant impact this September 21–28, coinciding with the United Nations General Assembly. This annual event, organized by the nonprofit Climate Group,...