Latest News
Drew Capital: Owner of 216-unit Newark apartment tower lands $70 million in financing
Cosmo 440 at 440 Elizabeth Ave. in Newark — Courtesy: Drew Capital By Joshua Burd A developer has scored $70 million in new financing for a renovated 216-unit apartment tower in Newark’s Weequahic section, in a deal arranged by Drew Capital. According to a news release, New York-based Dwight Mortgage
Ani Ramen concept coming to Harrison Urby
Harrison Urby is getting ready to serve up a new culinary destination from Ani Ramen to replace Charley. The mixed-use property plans to debut the new Montclair Hospitality Group restaurant in early 2027, according to an Aug. 25 announcement from Urby. Charley closed its doors the previous day. The well-known
Urban Edge selling 180,000 sq. ft. Morris Plains retail center for nearly $61 million
The newest additions to Briarcliff Commons at 1711 Route 10 East in Morris Plains include Ugly Dumpling — File photo (via Urban Edge Properties) By Joshua Burd Urban Edge Properties is selling a nearly 180,000-square-foot shopping center in Morris Plains for some $60.5 million, the real estate investment trust announced
OPINION: NJ can protect wetlands and speed permits
The basics: NJDEP has reduced its freshwater wetlands LOI backlog by 72% since Sherrill took office Department cleared 99% of complete applications pending 18+ months Executive Order 5 calls for clearer permit timelines CREDA NJ urges lasting reforms to prevent future backlogs New Jersey’s freshwater wetlands are well worth protecting,
Freight firm leases 250K sf, fills Perth Amboy industrial building
Seeking room to grow, a freight transportation services provider brought a Perth Amboy industrial building to full occupancy by taking 250,000 square feet of space. Lee & Associates New Jersey Office arranged the lease at 1 Buckingham Ave. in the Middlesex County city. The tenant will relocate to the 407,700-square-foot
How Perth Amboy is reshaping its industrial waterfront
The basics: Kurv Industrial’s latest project in Perth Amboy will add 471,231 sq. ft. of Class A space Development is expected to create about 400
SJP Properties tapped for latest Morristown redevelopment
The basics: SJP Properties tapped as conditional redeveloper for 4 downtown Morristown properties Plans call for 200 housing units, retail, parking Project includes about 120,000
EDA, RWJBarnabas Health pledge $10 million to startups at New Brunswick’s HELIX campus
The New Jersey Innovation Hub at New Brunswick’s HELIX campus has full-service workspaces, wet and dry laboratories, conference facilities, food services and other amenities for
Private investor buys six-unit rental property near Montclair’s Bay Street station, ICON says
57 Glenridge Ave. in Montclair — Courtesy: ICON Real Estate Advisors By Joshua Burd Wickner Realty Development Corp. has sold a six-unit apartment building in
390-Unit Journal Square Tower Secures $109.5 Million Financing
425 Summit, Jersey City. Image courtesy of Spitzer Enterprises. Milwaukee-based financial services firm Northwestern Mutual recently agreed to provide a $109.5 million financing package to
SJP plans new commercial space, housing in Morristown after being named conditional redeveloper of North Park buildings
By Joshua Burd SJP Properties has taken a key step toward another major project in Morristown, securing a conditional designation to redevelop a cluster of
New owner of 122,000 sq. ft. Basking Ridge office building taps NAI Hanson as leasing team
120 Mountainview Blvd. in Basking Ridge — Courtesy: NAI James E. Hanson By Marlaina Cockcroft First National Realty Management has tapped brokers with NAI James
Forging ahead: JMF eyes 400 homes, hotel in Whippany after acquiring coveted development site
A plan by JMF Properties is slated to bring 320 for-sale townhomes, 80 rental apartments, a boutique hotel and commercial space to an 86-acre tract
Edison Lofts sells for $131M in West Orange
An investor recently added Edison Lofts in West Orange to its portfolio, following the $131 million sale of the luxury multifamily property. Cushman & Wakefield
C&W: Prism, investment partners sell iconic Edison Lofts in West Orange for $131 million
Edison Lofts at 33 Ashland Ave. in West Orange — File photo (courtesy: Prism Capital Partners) By Joshua Burd A joint venture led by Prism
