Edge Lofts, a two-building, luxury multihousing community located in Hoboken, has just closed on a sale, and $27 million in financing has been secured, according to a Monday announcement from JLL Capital Markets. JLL represented the seller, Bijou Properties LLC, and procured the undisclosed buyer. Additionally, JLL worked on behalf...
Harborside in Jersey City — Courtesy: Veris Residential Inc. By Joshua Burd Veris Residential Inc. has completed its sale of a Jersey City development site to Related Cos., whose plans for the parcel call for 800 apartments one block from the Hudson waterfront. The property, commonly known as Harborside 4, spans 1.34...
An upscale restaurant group plans to bring two or three new restaurant concepts plus an outpost of Topgolf to downtown Jersey City. Go to Source Author: Chris Fry
ForBuild powered by dancker. ForBuild — integrated interior solutions firm dancker’s construction services division that provides specialized interior modular construction solutions for clients in the health care, education and corporate environments — is expanding into the D.C.-Maryland-Virginia market. To date, ForBuild’s operations have been focused exclusively on serving the New Jersey...
Woodbridge Crossing at 451-479 Green St. and 1-5 Quality Way in Woodbridge — Courtesy: JLL By Joshua Burd An investment firm is seeking a buyer for nearly 290,000 square feet of retail space at the nexus of two major highways in Woodbridge, with the potential to command some $40 million for...
Gov. Phil Murphy said a convention center in the Meadowlands — long a dream of many — is very attractive conceptually. Murphy, speaking at a Meadowlands Chamber event Friday morning, said the long-sought convention center — which would be an anchor in the area along with MetLife Stadium and American...
Newmark Associates helped secure a significant expansion for a charter school in Newark that the firm says was completed in less than 90 days to prepare for the 2023/2024 academic year. Newark Educators Community Charter School leased 50,000 square feet of space at 570 Broad St., Cedar Knolls-based Newmark Associates...
Only two residences remain at Downtown Jersey City's 72 York Street. Go to Source Author: Amie Johnstone
For the third year in a row, Bergman Real Estate Group has received highest honors from the Building Owners and Managers Association of New Jersey. The 35-year-old real estate firm received the 2023 TOBY Award in the 100,000-249,999-square-foot category for Outstanding Building of the Year for 500 College Road E....
A light industrial portfolio recapitalized by Denholtz Properties spans 630,822 square feet across 16 buildings in New Jersey and Pennsylvania. — Courtesy: JLL By Joshua Burd Denholtz Properties has recapitalized a portfolio of more than 631,000 square feet of light industrial space in New Jersey and Pennsylvania, brokers with JLL announced...
Global automobile brand Fiat is parking its latest endeavor in Fort Lee: An innovative residential property developed in partnership with regional real estate development, investment and property management company UNLMTD Real Estate. Set for the foot of the George Washington Bridge at 2100 N. Central Road, FIAT House will introduce...
JESPY House, a South Orange-based nonprofit organization that has supported adults with intellectual and developmental disabilities for 45 years, recently announced it received a $1 million gift toward its Go Big for JESPY campaign from Judy and Ken Peskin. The Peskins’ gift supports the organization’s campaign to build new residential...
Plans for FIAT House at 2100 North Central Road in Fort Lee call for more than 300 new luxury apartments and a distinctive car-sharing program involving the soon-to-be-unveiled, all-electric Fiat 500e, along with more than 30,000 square of upscale amenities, concierge services and community events. — Rendering courtesy: UNLMTD...
This charming and fully renovated three-bedroom home is a truly unique single-family property in The Heights, Jersey City. Go to Source Author: Amie Johnstone
A new 35-story high-rise in Journal Square, Jersey City includes apartments, a hotel, and sprawling event spaces complete with a rooftop restaurant. Go to Source Author: Chris Fry
Marcus & Millichap on Tuesday said it helped sell a 15,000-square-foot warehouse in Wood-Ridge for $3.7 million. “This property received multiple bids within a short period of time after we launched marketing,” Mark Gjonbalaj, first vice president of investments, said. “Despite a challenging market, we were able to quickly procure...
Grove Pointe Apartments at 100 Christopher Columbus Drive in Jersey City — Courtesy: Cronheim Mortgage By Joshua Burd Kushner Real Estate Group and National Real Estate Advisors have secured more than $124 million to refinance a 458-unit residential tower in downtown Jersey City. According to Cronheim Mortgage, which arranged the transaction, a...
In September, a joint venture announced it would bring a new self-storage facility to Newark’s Ironbound. Last week, JLL Capital Markets said it secured construction financing for the forthcoming Extra Storage Space location. JLL arranged $19 million for the 1,332-unit development coming to 305 Wilson Ave. in Newark on behalf...
By Joshua Burd The UPS Store has expanded its footprint in New Jersey in recent months with six new leases totaling more than 10,000 square feet, in a series of deals arranged by RIPCO Real Estate. In northern New Jersey, franchisees took 1,560 square feet at 429 Market St. in Elmwood...
Chicago-based Hilco Redevelopment Partners launched phase one of vertical construction in its transformational project that will convert an obsolete industrial site in Philadelphia into the Bellwether District, a multiphase, 1,300-acre, 14 million-square-foot-plus master-planned park. In a Monday announcement from JLL, the real estate broker announced it has been retained by...
A former Capitol One bank branch in Morris County has sold for $3 million. The Kislak Co. Inc. announced the off-market sale of the 4,600-square-foot retail building located at 1295 Route 46 in Parsippany Oct. 20. Vice President Tom Scatuorchio and Executive Vice President Matt Weilheimer arranged the transaction on behalf...
Hudson Atlantic Realty recently announced it successfully closed on Lakeside Residences, a 52-unit luxury apartment building in Pompton Lakes, for $20 million, or $385,000-plus per unit. Built in 2022, this property boasts high-end finishes as well as a wide range of amenities including fitness center, resident lounge, game room...
1900 Lower Road in Linden — Courtesy: NAI DiLeo-Bram & Co. By Joshua Burd A commercial tire business has acquired a nearly 70,000-square-foot industrial building in Linden for $21 million, in a newly announced deal by NAI DiLeo-Bram & Co. According to the brokerage team, which represented the buyer, Service Truck Tire...
It’s no secret the commercial real estate sector is experiencing a decline in leasing rates. The rate of Class C office buildings, corporate campuses, malls, and big box stores that have shuttered continues to climb—and it’s not hard to understand why. The pandemic accelerated a downward trend in in-person...
Faropoint’s footprint is growing in Bergen County with the addition of two fully leased industrial parks. The Hoboken real estate investment firm‘s $144.5 million acquisition of the centers was announced this week. Comprising 10 buildings, the campuses total 770,064 square feet. According to Cushman & Wakefield, which arranged the sale,...
With luxury living and protected NYC views, don't miss out on this rare penthouse residence situated in 77 Hudson. Go to Source Author: Amie Johnstone
Paramus-based Reynolds Asset Management recently announced its expansion into Louisiana with the purchase of two multifamily assets in the Shreveport area. Working with multiple partners including Devli Real Estate, iintoo and Newport Capital Group, Reynolds successfully closed on two deals: Preston Place and Port Au Prince, located at 400 Preston Blvd....
Hill International Logo. Mount Laurel-based Hill International on Wednesday said it appointed Michael Fluehr as its new chief financial officer. In his new role with the construction management firm, Fluehr will be responsible for overseeing the company’s accounting and financial systems, evaluating merger & acquisition opportunities and reporting on financial performance...
Lakeside Residences at 21 Lakeside Ave. in Pompton Lakes — Courtesy: Hudson Atlantic Realty By Joshua Burd A private investor has purchased a newly completed, 52-unit apartment building in Pompton Lakes for $20 million, according to a brokerage team with Hudson Atlantic Realty. Known as Lakeside Residences, the property at 21 Lakeside...
Mixed-use development Singh Tower has started to go vertical and hopes to spark a revitalization of the Bergen Arches with a new public park. Go to Source Author: Chris Fry
The Metz Industrial Group of Bussel Realty Corp. brokered the renewal of a lease for 35,000 square feet at 2020 S. Stiles St. in Linden, a 54,940-square-foot industrial property, with AEX Group, according to a Tuesday announcement. The MIG, comprised of Jordan Metz, senior vice president, and Benito Abbate, sales...
Allendale Shallow-Bay Industrial Park at 1, 3, 5, 6 and 7 Pearl Court and 59 Route 17 in Allendale — Courtesy: Cushman & Wakefield By Joshua Burd Camber Real Estate Partners and Advance Realty Investors have sold more than 770,000 square feet of industrial space in Bergen County, brokers with Cushman...
Russo Development‘s latest industrial effort, developed in partnership with River Development Equities, is heading toward a fourth quarter delivery. Located at 1100 Harrison Ave. (Route 508 Newark-Jersey City Turnpike) in Kearny, the Class A facility will offer 211,287 square feet in a optimal and high-demand location. According to an Oct. 16...
As it expands its Garden State footprint, law firm A.Y. Strauss has joined the roster at Eastman Cos.‘ Class A office building The Eisenhower in Livingston. On Oct. 16, CBRE announced it completed a 10,728-square-foot lease at the former The Eisenhower Corporate Campus — a 384,000-square-foot LEED Silver Certified, solar-powered...
Honeywell, which moved its headquarters out of New Jersey in 2018-19 but still maintains a major presence here, renewed its 40,000-square-foot lease at 1000 and 2000 Water View Drive in Hamilton, according to a Tuesday announcement from Fennelly Associates, which negotiated the lease. Fennelly Associates President Jerry Fennelly and...
Max Bulbin By Joshua Burd Kushner Real Estate Group has hired a veteran industry executive to spearhead its growing acquisitions platform. In his new role with the Jersey City-based firm, Max Bulbin will direct a strategy that includes identifying prime investment opportunities in high-demand areas and providing support throughout the acquisition, predevelopment...
Judge Stephen Garretson’s former home is believed to be the oldest building in Hamilton Park, Jersey City. Go to Source Author: Darren Tobia
Developed in partnership with River Development Equities, Russo Development’s newest logistics and warehouse development in Kearny is moving quickly toward delivery this quarter. The 211,287-square-foot Class A facility located at 1100 Harrison Ave. (Rt. 508-Newark- Jersey City Turnpike) provides close proximity to key distribution corridors in New Jersey and the...
Russo Development and River Development are set to deliver a single-story, 211,287-square-foot distribution center at 1100 Harrison Ave. in Kearny. — Rendering courtesy: Russo Development/River Development By Joshua Burd Russo Development and River Development are nearing the completion of more than 211,000 square feet of new logistics space just off Interstate...
Marking another milestone in Harrison, Advance Realty Investors recently debuted its new rental property, The Wyldes, with a day-long celebration in the city’s Riverbend District. Located next to the Harrison PATH station at 1100 S. 5th St., the ribbon-cutting ceremony for the five-story, 399-unit property attracted township officials and others,...
Monge Capital on Thursday held a dual opening in downtown Newark for its headquarters and Newark Synergy, a 4,000-square-foot collaborative workspace just steps from Newark’s Broad Street Station. Now located at 6 Atlantic St., Monge Capital is a Latino-owned firm that specializes in providing capital solutions and advisory services for...
By Joshua Burd The state has approved another $20 million in tax credits under the Aspire program, clearing the way for developers to build or renovate a combined 164 apartments for seniors in Essex and Gloucester counties. In Newark, the Economic Development Authority awarded more than $8.18 million to a project...
Jersey City officials have unveiled a revitalized pedestrian plaza around the area’s PATH Station. Go to Source Author: Chris Fry
Bedminster-based Advance Realty Investors, a developer and key player in shaping Harrison’s thriving residential landscape, hosted a daylong celebration recently to mark the opening of the Wyldes, a new collection of rental residences and next-level amenities located at 1100 S. 5th St. in the town’s thriving Riverbend District. Advance kicked...
Officials will be holding an "open house" to discuss additional renovations on October 18 following a groundbreaking ceremony celebrating an initial 240-acre expansion. Go to Source Author: Chris Fry
Northern and central New Jersey’s industrial sector made a comeback during the third quarter, according to CBRE’s Q3 2023 New Jersey Industrial Figures report. The market saw 5.5 million square feet of leasing activity in Q3, a 31% quarterly increase and 19% above the figure recorded at the same...
By Joshua Burd Cervenka Development Partners has acquired a 19-acre parcel in Denville that it plans to develop as nearly 120,000 square feet of modern logistics space, the firm announced Thursday. The property, which the firm purchased from the municipality, sits at 12-18 Vanderhoof Ave. and is a three-minute drive from...
Weida Freight System Inc. has leased space in Carteret, marking the first tenant to sign on for Crow Holdings Development‘s new campus. Crow announced the long-term, 188,000-square-foot deal at 400 Salt Meadow Road Oct. 11. “We looked at properties throughout the region, and Crow Holdings at Carteret was the clear choice....
Don’t miss your chance to secure a brand-new, two-bedroom condominium in Jersey City and benefit from a limited time incentive. Go to Source Author: Amie Johnstone
A little less than a year after breaking ground on a 54,113-square-foot industrial development in Woodbridge, Woodmont Industrial Partners is celebrating the completion of work—and securing a tenant for the new asset. The joint venture between Fairfield-based Woodmont Properties and Romark Logistics of Westfield announced Oct. 10 a long-term lease...
