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REAL ESTATE NJ
Investors Bank completes $556 million in Q1 commercial real estate loans. May 24, 2021. The owner of a 132-unit luxury apartment building in Jersey City has refinanced for $45 million, in one of several recently announced loans by Investors Bank. Finance & Capital Markets. BEDRIN, MARCH ASSOCIATES BREAK GROUND ON HAWTHORNE PROJECT Leaders of the Bedrin Organization and March Associates Construction joined local officials and other team members on May 27 to breakground on
REAL ESTATE NJ’S 2021 MARKET FORECAST In fact, our clients in the multifamily sector are retooling their amenities to accommodate more workplace environments and units with built-in workspaces, a design trend that may be here to stay. (973) 740-9755. lblake@rb-arch.com. 16 Microlab Road, Suite B. Livingston,NJ 07039.
JLL ADDS SENIOR VICE PRESIDENT TO NEW JERSEY OFFICE By Joshua Burd. JLL has made another addition to its New Jersey team, announcing the hiring of a well-known office leasing professional. Kelsey Nakamura, who has nearly a decade of industry experience, joins the firm as a senior vice president based in its Parsippany office. COLD STORAGE REIT ACQUIRES SOUTH PLAINFIELD OWNER Cold storage REIT acquires South Plainfield owner, operator for $480 million. November 10, 2020. By Joshua Burd. The world’s largest real estate investment trust focused on temperature-controlled warehouses has acquired a South Plainfield-based owner and operator for $480 million. Americold Realty Trust, which is based in Atlanta, announced OWNER OF GLOUCESTER GOLF COURSE SELLS TWO-ACRE PARCEL Owner of Gloucester golf course sells two-acre parcel. June 15, 2020. Beckett Golf Course at 2387 Kings Hwy. in Woolwich Township — Courtesy: Vantage Real Estate Services. By Joshua Burd. A developer has acquired a two-acre portion of a golf course in Gloucester County, where plans call for the construction of a single residentialdwelling.
CONSTRUCTION UNDERWAY AT 185-UNIT LUXURY RENTAL PROJECT IN A developer has kicked off construction at a new 185-unit multifamily complex in Little Falls, seeking to capitalize on a location near mass transit and minutes from area highways. The project, spearheaded by Accurate Builders & Developers, will bring a collection of one- and two-bedroom units to a parcel at 405 Main St. BRIDGE DETAILS NEW 359,000 SQ. FT. INDUSTRIAL PROJECT IN Bridge details new 359,000 sq. ft. industrial project in Belleville. Bridge Development Partners has broken ground on nearly 360,000 square feet of new industrial space at the former site of a blighted manufacturing facility in Belleville. Located at 675 Main St., the 24-acre site is directly west of Route 21 and about two miles south ofRoute 3.
CONSTRUCTION UNDERWAY AT TWO-BUILDING, 574,000 SQ. FT A rendering of the Innovation Park, a two-building, 574,169-square-foot project at 159 Princeton-Hightstown Road in East Windsor — Courtesy: Peak Construction Corp. LARGEST TENANT TO DATE MOVES INTO BELL WORKS Largest tenant to date moves into Bell Works. A software solutions firm has cut the ribbon on its new 72,000-square-foot space at the Bell Works complex in Holmdel, marking the arrival of the largest tenant to occupy the building thus far after a flurry of office leasing over the past year.REAL ESTATE NJ
Investors Bank completes $556 million in Q1 commercial real estate loans. May 24, 2021. The owner of a 132-unit luxury apartment building in Jersey City has refinanced for $45 million, in one of several recently announced loans by Investors Bank. Finance & Capital Markets. BEDRIN, MARCH ASSOCIATES BREAK GROUND ON HAWTHORNE PROJECT Leaders of the Bedrin Organization and March Associates Construction joined local officials and other team members on May 27 to breakground on
REAL ESTATE NJ’S 2021 MARKET FORECAST In fact, our clients in the multifamily sector are retooling their amenities to accommodate more workplace environments and units with built-in workspaces, a design trend that may be here to stay. (973) 740-9755. lblake@rb-arch.com. 16 Microlab Road, Suite B. Livingston,NJ 07039.
JLL ADDS SENIOR VICE PRESIDENT TO NEW JERSEY OFFICE By Joshua Burd. JLL has made another addition to its New Jersey team, announcing the hiring of a well-known office leasing professional. Kelsey Nakamura, who has nearly a decade of industry experience, joins the firm as a senior vice president based in its Parsippany office. COLD STORAGE REIT ACQUIRES SOUTH PLAINFIELD OWNER Cold storage REIT acquires South Plainfield owner, operator for $480 million. November 10, 2020. By Joshua Burd. The world’s largest real estate investment trust focused on temperature-controlled warehouses has acquired a South Plainfield-based owner and operator for $480 million. Americold Realty Trust, which is based in Atlanta, announced OWNER OF GLOUCESTER GOLF COURSE SELLS TWO-ACRE PARCEL Owner of Gloucester golf course sells two-acre parcel. June 15, 2020. Beckett Golf Course at 2387 Kings Hwy. in Woolwich Township — Courtesy: Vantage Real Estate Services. By Joshua Burd. A developer has acquired a two-acre portion of a golf course in Gloucester County, where plans call for the construction of a single residentialdwelling.
CONSTRUCTION UNDERWAY AT 185-UNIT LUXURY RENTAL PROJECT IN A developer has kicked off construction at a new 185-unit multifamily complex in Little Falls, seeking to capitalize on a location near mass transit and minutes from area highways. The project, spearheaded by Accurate Builders & Developers, will bring a collection of one- and two-bedroom units to a parcel at 405 Main St. BRIDGE DETAILS NEW 359,000 SQ. FT. INDUSTRIAL PROJECT IN Bridge details new 359,000 sq. ft. industrial project in Belleville. Bridge Development Partners has broken ground on nearly 360,000 square feet of new industrial space at the former site of a blighted manufacturing facility in Belleville. Located at 675 Main St., the 24-acre site is directly west of Route 21 and about two miles south ofRoute 3.
CONSTRUCTION UNDERWAY AT TWO-BUILDING, 574,000 SQ. FT A rendering of the Innovation Park, a two-building, 574,169-square-foot project at 159 Princeton-Hightstown Road in East Windsor — Courtesy: Peak Construction Corp. LARGEST TENANT TO DATE MOVES INTO BELL WORKS Largest tenant to date moves into Bell Works. A software solutions firm has cut the ribbon on its new 72,000-square-foot space at the Bell Works complex in Holmdel, marking the arrival of the largest tenant to occupy the building thus far after a flurry of office leasing over the past year.REAL ESTATE NJ
Investors Bank completes $556 million in Q1 commercial real estate loans. May 24, 2021. The owner of a 132-unit luxury apartment building in Jersey City has refinanced for $45 million, in one of several recently announced loans by Investors Bank. Finance & Capital Markets. WHAT WILL BE THE PANDEMIC’S LONGEST-LASTING IMPACT(S) ON Joshua Burd. Joshua Burd, an award-winning reporter and editor, has been covering New Jersey commercial real estate for eight years. Many industry leaders view him as the go-to real estate reporter in the state, a role he is eager to continue as the editor of Real Estate NJ. INVESTOR BUYS HISTORIC 331,000 SQ. FT. INDUSTRIAL COMPLEX The I-80 Industrial Complex in Paterson spans 239-241 Lindbergh Place, 122-128 Beckwith Ave. and 128-140 Beckwith Ave. — Courtesy: Cushman& Wakefield
DEVELOPER RELEASES NEW BUILDING, APPROACHES 200 LEASES Joshua Burd. Joshua Burd, an award-winning reporter and editor, has been covering New Jersey commercial real estate for eight years. Many industry leaders view him as the go-to real estate reporter in the state, a role he is eager to continue as the editor of Real Estate NJ. INVESTMENT FIRM BUYS NEW SOUTH ORANGE APARTMENT BUILDING Joshua Burd. Joshua Burd, an award-winning reporter and editor, has been covering New Jersey commercial real estate for eight years. Many industry leaders view him as the go-to real estate reporter in the state, a role he is eager to continue as the editor of Real Estate NJ. MIXED-USE PARCEL NEAR ROWAN UNIVERSITY SOLD, SLATED FOR Joshua Burd. Joshua Burd, an award-winning reporter and editor, has been covering New Jersey commercial real estate for eight years. Many industry leaders view him as the go-to real estate reporter in the state, a role he is eager to continue as the editor of Real Estate NJ. PLASTIC SURGEON ACQUIRES 2,400 SQ. FT. MEDICAL OFFICE Joshua Burd. Joshua Burd, an award-winning reporter and editor, has been covering New Jersey commercial real estate for eight years. Many industry leaders view him as the go-to real estate reporter in the state, a role he is eager to continue as the editor of Real Estate NJ. KENNEDY FUNDING LENDS $2.5 MILLION TO DENVER-AREA By Joshua Burd. Kennedy Funding has closed a nearly $2.5 million loan to the developer of what will be 149 single-family homes at a tract outside Denver, Colorado. TWELVE-BUILDING, 240-UNIT APARTMENT COMPLEX NEAR PRINCETON By Joshua Burd. The owner of a 240-unit luxury apartment complex in Mercer County is seeking a buyer for the property, in a newly announced offering by CLIO – REAL ESTATE NJ A snack maker has expanded its presence at a Piscataway industrial park, leasing another 13,000 square feet beyond its original 20,000-square-foot commitment.REAL ESTATE NJ
Investors Bank completes $556 million in Q1 commercial real estate loans. May 24, 2021. The owner of a 132-unit luxury apartment building in Jersey City has refinanced for $45 million, in one of several recently announced loans by Investors Bank. Finance & Capital Markets. REAL ESTATE NJ’S 2021 MARKET FORECAST In fact, our clients in the multifamily sector are retooling their amenities to accommodate more workplace environments and units with built-in workspaces, a design trend that may be here to stay. (973) 740-9755. lblake@rb-arch.com. 16 Microlab Road, Suite B. Livingston,NJ 07039.
BEDRIN, MARCH ASSOCIATES BREAK GROUND ON HAWTHORNE PROJECT Leaders of the Bedrin Organization and March Associates Construction joined local officials and other team members on May 27 to breakground on
THE RIDGE AT READINGTON JLL sources $42 million construction loan for Readington apartment project. April 21, 2021. A developer has secured a $42 million construction loan for a new 254-unit luxury apartment complex in Readington, according to a debt placement team with JLL. Residential &Mixed Use.
JLL ADDS SENIOR VICE PRESIDENT TO NEW JERSEY OFFICE By Joshua Burd. JLL has made another addition to its New Jersey team, announcing the hiring of a well-known office leasing professional. Kelsey Nakamura, who has nearly a decade of industry experience, joins the firm as a senior vice president based in its Parsippany office. MERCK OFFICIALLY LISTS 2 MILLION SQ. FT. HEADQUARTERS, R&D Merck officially lists 2 million sq. ft. headquarters, R&D campus in Kenilworth. A year after announcing plans to vacate its Kenilworth headquarters, Merck & Co. has officially placed the nearly 2 million-square-foot office and research campus on the market for sale. The pharmaceutical giant has tapped JLL to seek a buyer for the siteat 2000
OWNER OF GLOUCESTER GOLF COURSE SELLS TWO-ACRE PARCEL Owner of Gloucester golf course sells two-acre parcel. June 15, 2020. Beckett Golf Course at 2387 Kings Hwy. in Woolwich Township — Courtesy: Vantage Real Estate Services. By Joshua Burd. A developer has acquired a two-acre portion of a golf course in Gloucester County, where plans call for the construction of a single residentialdwelling.
CONSTRUCTION UNDERWAY AT 185-UNIT LUXURY RENTAL PROJECT IN A developer has kicked off construction at a new 185-unit multifamily complex in Little Falls, seeking to capitalize on a location near mass transit and minutes from area highways. The project, spearheaded by Accurate Builders & Developers, will bring a collection of one- and two-bedroom units to a parcel at 405 Main St. BRIDGE DETAILS NEW 359,000 SQ. FT. INDUSTRIAL PROJECT IN Bridge details new 359,000 sq. ft. industrial project in Belleville. Bridge Development Partners has broken ground on nearly 360,000 square feet of new industrial space at the former site of a blighted manufacturing facility in Belleville. Located at 675 Main St., the 24-acre site is directly west of Route 21 and about two miles south ofRoute 3.
DERMATOLOGIST TAKES 7,100 SQ. FT. IN RAMSEY, NAI HANSON A dermatology practice is moving inside Bergen County after leasing more than 7,000 square feet of medical office space in Ramsey, according to brokers with NAI James E. Hanson. In a news release, the real estate services firm said Skin & Laser Center of NJ will occupy 7,112 square feet at 500 North Franklin Turnpike.REAL ESTATE NJ
Investors Bank completes $556 million in Q1 commercial real estate loans. May 24, 2021. The owner of a 132-unit luxury apartment building in Jersey City has refinanced for $45 million, in one of several recently announced loans by Investors Bank. Finance & Capital Markets. REAL ESTATE NJ’S 2021 MARKET FORECAST In fact, our clients in the multifamily sector are retooling their amenities to accommodate more workplace environments and units with built-in workspaces, a design trend that may be here to stay. (973) 740-9755. lblake@rb-arch.com. 16 Microlab Road, Suite B. Livingston,NJ 07039.
BEDRIN, MARCH ASSOCIATES BREAK GROUND ON HAWTHORNE PROJECT Leaders of the Bedrin Organization and March Associates Construction joined local officials and other team members on May 27 to breakground on
THE RIDGE AT READINGTON JLL sources $42 million construction loan for Readington apartment project. April 21, 2021. A developer has secured a $42 million construction loan for a new 254-unit luxury apartment complex in Readington, according to a debt placement team with JLL. Residential &Mixed Use.
JLL ADDS SENIOR VICE PRESIDENT TO NEW JERSEY OFFICE By Joshua Burd. JLL has made another addition to its New Jersey team, announcing the hiring of a well-known office leasing professional. Kelsey Nakamura, who has nearly a decade of industry experience, joins the firm as a senior vice president based in its Parsippany office. MERCK OFFICIALLY LISTS 2 MILLION SQ. FT. HEADQUARTERS, R&D Merck officially lists 2 million sq. ft. headquarters, R&D campus in Kenilworth. A year after announcing plans to vacate its Kenilworth headquarters, Merck & Co. has officially placed the nearly 2 million-square-foot office and research campus on the market for sale. The pharmaceutical giant has tapped JLL to seek a buyer for the siteat 2000
OWNER OF GLOUCESTER GOLF COURSE SELLS TWO-ACRE PARCEL Owner of Gloucester golf course sells two-acre parcel. June 15, 2020. Beckett Golf Course at 2387 Kings Hwy. in Woolwich Township — Courtesy: Vantage Real Estate Services. By Joshua Burd. A developer has acquired a two-acre portion of a golf course in Gloucester County, where plans call for the construction of a single residentialdwelling.
CONSTRUCTION UNDERWAY AT 185-UNIT LUXURY RENTAL PROJECT IN A developer has kicked off construction at a new 185-unit multifamily complex in Little Falls, seeking to capitalize on a location near mass transit and minutes from area highways. The project, spearheaded by Accurate Builders & Developers, will bring a collection of one- and two-bedroom units to a parcel at 405 Main St. BRIDGE DETAILS NEW 359,000 SQ. FT. INDUSTRIAL PROJECT IN Bridge details new 359,000 sq. ft. industrial project in Belleville. Bridge Development Partners has broken ground on nearly 360,000 square feet of new industrial space at the former site of a blighted manufacturing facility in Belleville. Located at 675 Main St., the 24-acre site is directly west of Route 21 and about two miles south ofRoute 3.
DERMATOLOGIST TAKES 7,100 SQ. FT. IN RAMSEY, NAI HANSON A dermatology practice is moving inside Bergen County after leasing more than 7,000 square feet of medical office space in Ramsey, according to brokers with NAI James E. Hanson. In a news release, the real estate services firm said Skin & Laser Center of NJ will occupy 7,112 square feet at 500 North Franklin Turnpike.REAL ESTATE NJ
Investors Bank completes $556 million in Q1 commercial real estate loans. May 24, 2021. The owner of a 132-unit luxury apartment building in Jersey City has refinanced for $45 million, in one of several recently announced loans by Investors Bank. Finance & Capital Markets. WHAT WILL BE THE PANDEMIC’S LONGEST-LASTING IMPACT(S) ON Joshua Burd. Joshua Burd, an award-winning reporter and editor, has been covering New Jersey commercial real estate for eight years. Many industry leaders view him as the go-to real estate reporter in the state, a role he is eager to continue as the editor of Real Estate NJ. NEWS – PAGE 637 – REAL ESTATE NJ By Real Estate NJ Lennar Corp. has cut the ribbon on 103 condominium units in Weehawken, adding to its footprint in the master-planned Port Imperial development.CONSORTIUM AMERICA
A new luxury apartment building in downtown Park Ridge has hit the market, having already rented more than a quarter of its 240 units. MELRAY’S NEW BUILDING LLC A new luxury apartment building in downtown Park Ridge has hit the market, having already rented more than a quarter of its 240 units.45 RIDGE ROAD
A new luxury apartment building in downtown Park Ridge has hit the market, having already rented more than a quarter of its 240 units.CELLULARITY
As we adapt to a new way of living and working amidst a global pandemic, the concept of adaptive reuse has been more attractive than ever. For commercial real estate, the strategy of repurposing empty, ubiquitous office space into profitable areas has been a game changer in reducing low occupancy rates and reviving development deals.MARKET SECTORS
Market Sectors. New Jersey has an unmatched location and a population that developers dream about. It’s no wonder the commercial real estate industry is flourishing and evolving across all segments of themarket.
303 SMITH ST.
A nearly 100,000-square-foot light industrial property on Long Island has changed hands for $13.75 million, in a deal arranged by JLL’s Morristown-based capital markets team. 200 FRANKLIN SQUARE DRIVE A vacant 200,000-square-foot office building in Somerset County is on the market for sale, providing what brokers say is a redevelopment opportunity in a growing industrial submarket.REAL ESTATE NJ
Investors Bank completes $556 million in Q1 commercial real estate loans. May 24, 2021. The owner of a 132-unit luxury apartment building in Jersey City has refinanced for $45 million, in one of several recently announced loans by Investors Bank. Finance & Capital Markets. REAL ESTATE NJ’S 2021 MARKET FORECAST In fact, our clients in the multifamily sector are retooling their amenities to accommodate more workplace environments and units with built-in workspaces, a design trend that may be here to stay. (973) 740-9755. lblake@rb-arch.com. 16 Microlab Road, Suite B. Livingston,NJ 07039.
JLL ADDS SENIOR VICE PRESIDENT TO NEW JERSEY OFFICE By Joshua Burd. JLL has made another addition to its New Jersey team, announcing the hiring of a well-known office leasing professional. Kelsey Nakamura, who has nearly a decade of industry experience, joins the firm as a senior vice president based in its Parsippany office. THE RIDGE AT READINGTON JLL sources $42 million construction loan for Readington apartment project. April 21, 2021. A developer has secured a $42 million construction loan for a new 254-unit luxury apartment complex in Readington, according to a debt placement team with JLL. Residential &Mixed Use.
CONSTRUCTION UNDERWAY AT 185-UNIT LUXURY RENTAL PROJECT IN A developer has kicked off construction at a new 185-unit multifamily complex in Little Falls, seeking to capitalize on a location near mass transit and minutes from area highways. The project, spearheaded by Accurate Builders & Developers, will bring a collection of one- and two-bedroom units to a parcel at 405 Main St. MERCK OFFICIALLY LISTS 2 MILLION SQ. FT. HEADQUARTERS, R&D Merck officially lists 2 million sq. ft. headquarters, R&D campus in Kenilworth. A year after announcing plans to vacate its Kenilworth headquarters, Merck & Co. has officially placed the nearly 2 million-square-foot office and research campus on the market for sale. The pharmaceutical giant has tapped JLL to seek a buyer for the siteat 2000
OWNER OF GLOUCESTER GOLF COURSE SELLS TWO-ACRE PARCEL Owner of Gloucester golf course sells two-acre parcel. June 15, 2020. Beckett Golf Course at 2387 Kings Hwy. in Woolwich Township — Courtesy: Vantage Real Estate Services. By Joshua Burd. A developer has acquired a two-acre portion of a golf course in Gloucester County, where plans call for the construction of a single residentialdwelling.
MACK-CALI REVEALS NEW RENDERINGS, PROGRAMMING FOR REVAMPED By Joshua Burd. Mack-Cali Realty Corp. is providing a new glimpse at the long-awaited overhaul of its flagship campus in Jersey City, where it will unveil a series of upgraded office buildings, amenities for tenants and programming to draw visitors to its redesigned publicspaces.
BRIDGE DETAILS NEW 359,000 SQ. FT. INDUSTRIAL PROJECT IN Bridge details new 359,000 sq. ft. industrial project in Belleville. Bridge Development Partners has broken ground on nearly 360,000 square feet of new industrial space at the former site of a blighted manufacturing facility in Belleville. Located at 675 Main St., the 24-acre site is directly west of Route 21 and about two miles south ofRoute 3.
CONSTRUCTION UNDERWAY AT TWO-BUILDING, 574,000 SQ. FT A rendering of the Innovation Park, a two-building, 574,169-square-foot project at 159 Princeton-Hightstown Road in East Windsor — Courtesy: Peak Construction Corp.REAL ESTATE NJ
Investors Bank completes $556 million in Q1 commercial real estate loans. May 24, 2021. The owner of a 132-unit luxury apartment building in Jersey City has refinanced for $45 million, in one of several recently announced loans by Investors Bank. Finance & Capital Markets. REAL ESTATE NJ’S 2021 MARKET FORECAST In fact, our clients in the multifamily sector are retooling their amenities to accommodate more workplace environments and units with built-in workspaces, a design trend that may be here to stay. (973) 740-9755. lblake@rb-arch.com. 16 Microlab Road, Suite B. Livingston,NJ 07039.
JLL ADDS SENIOR VICE PRESIDENT TO NEW JERSEY OFFICE By Joshua Burd. JLL has made another addition to its New Jersey team, announcing the hiring of a well-known office leasing professional. Kelsey Nakamura, who has nearly a decade of industry experience, joins the firm as a senior vice president based in its Parsippany office. THE RIDGE AT READINGTON JLL sources $42 million construction loan for Readington apartment project. April 21, 2021. A developer has secured a $42 million construction loan for a new 254-unit luxury apartment complex in Readington, according to a debt placement team with JLL. Residential &Mixed Use.
CONSTRUCTION UNDERWAY AT 185-UNIT LUXURY RENTAL PROJECT IN A developer has kicked off construction at a new 185-unit multifamily complex in Little Falls, seeking to capitalize on a location near mass transit and minutes from area highways. The project, spearheaded by Accurate Builders & Developers, will bring a collection of one- and two-bedroom units to a parcel at 405 Main St. MERCK OFFICIALLY LISTS 2 MILLION SQ. FT. HEADQUARTERS, R&D Merck officially lists 2 million sq. ft. headquarters, R&D campus in Kenilworth. A year after announcing plans to vacate its Kenilworth headquarters, Merck & Co. has officially placed the nearly 2 million-square-foot office and research campus on the market for sale. The pharmaceutical giant has tapped JLL to seek a buyer for the siteat 2000
OWNER OF GLOUCESTER GOLF COURSE SELLS TWO-ACRE PARCEL Owner of Gloucester golf course sells two-acre parcel. June 15, 2020. Beckett Golf Course at 2387 Kings Hwy. in Woolwich Township — Courtesy: Vantage Real Estate Services. By Joshua Burd. A developer has acquired a two-acre portion of a golf course in Gloucester County, where plans call for the construction of a single residentialdwelling.
MACK-CALI REVEALS NEW RENDERINGS, PROGRAMMING FOR REVAMPED By Joshua Burd. Mack-Cali Realty Corp. is providing a new glimpse at the long-awaited overhaul of its flagship campus in Jersey City, where it will unveil a series of upgraded office buildings, amenities for tenants and programming to draw visitors to its redesigned publicspaces.
BRIDGE DETAILS NEW 359,000 SQ. FT. INDUSTRIAL PROJECT IN Bridge details new 359,000 sq. ft. industrial project in Belleville. Bridge Development Partners has broken ground on nearly 360,000 square feet of new industrial space at the former site of a blighted manufacturing facility in Belleville. Located at 675 Main St., the 24-acre site is directly west of Route 21 and about two miles south ofRoute 3.
CONSTRUCTION UNDERWAY AT TWO-BUILDING, 574,000 SQ. FT A rendering of the Innovation Park, a two-building, 574,169-square-foot project at 159 Princeton-Hightstown Road in East Windsor — Courtesy: Peak Construction Corp.REAL ESTATE NJ
Investors Bank completes $556 million in Q1 commercial real estate loans. May 24, 2021. The owner of a 132-unit luxury apartment building in Jersey City has refinanced for $45 million, in one of several recently announced loans by Investors Bank. Finance & Capital Markets. WHAT WILL BE THE PANDEMIC’S LONGEST-LASTING IMPACT(S) ON Joshua Burd. Joshua Burd, an award-winning reporter and editor, has been covering New Jersey commercial real estate for eight years. Many industry leaders view him as the go-to real estate reporter in the state, a role he is eager to continue as the editor of Real Estate NJ. NEWS – PAGE 637 – REAL ESTATE NJ By Real Estate NJ Lennar Corp. has cut the ribbon on 103 condominium units in Weehawken, adding to its footprint in the master-planned Port Imperial development. THREE-PROPERTY, 113-UNIT RENTAL PORTFOLIO IN EAST ORANGE By Joshua Burd. A private investor has acquired a 113-unit apartment portfolio in East Orange for nearly $15 million, under a newly announced transaction by Gebroe-Hammer Associates. ACCORDIA: TENANT AT FAIRFIELD OFFICE BUILDING EXPANDS By Joshua Burd. Accordia Realty Ventures has secured a lease expansion at a Fairfield office building, inking a 5,000-square-foot deal with a commercial insurance and group benefits provider.CELLULARITY
As we adapt to a new way of living and working amidst a global pandemic, the concept of adaptive reuse has been more attractive than ever. For commercial real estate, the strategy of repurposing empty, ubiquitous office space into profitable areas has been a game changer in reducing low occupancy rates and reviving development deals. DESIGN, CONSTRUCTION FIRM TOUTS START OF 50,000 SQ. FT Design, construction firm touts start of 50,000 sq. ft. logistics hub in Piscataway. November 4, 2020. A rendering of MX Logistics, a new 50,273-square-foot facility at 20 Constitution Ave. in Piscataway — Courtesy: Premier Design + Build Group. By Joshua Burd. A design and construction firm has broken ground on a new industrial project in132 YALE AVE.
A development team has marked the opening of 145 new apartments on Jersey City’s west side, where the first residents have move in and many more are on the way. NEWS – PAGE 636 – REAL ESTATE NJ By Real Estate NJ Mack-Cali Realty Corp. has sold a 100,000-square-foot office building at 600 Parsippany Road in Parsippany, brokerage firm HFF announced. PAUL V. PROFETA FOUNDATION The New Jersey Institute of Technology is launching new education and research centers focused on real estate and entrepreneurship, following a gift from The Paul V. Profeta Foundation that amounts to the largest-ever donation to the Newark-based university. * Newsletter Sign-Up* Subscribe
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-------------------------Industrial
CBRE: STAY-AT-HOME ORDERS POISED TO ACCELERATE GROWING DEMAND FOR COLDSTORAGE
April 16, 2020
Featured
FMERA EXTENDS DEADLINE FOR OFFERS TO BUY 31-ACRE FORT MONMOUTH PARCELApril 16, 2020
Deals
COMMERCIAL PORTFOLIO IN CAMDEN CHANGES HANDS, VANTAGE RES SAYSApril 16, 2020
Office
JLL: OWNER OF EX-TOYS R US HEADQUARTERS EYES OFFICE, RETAIL USES INREPOSITIONING PLAN
April 15, 2020
Industrial
SHELDON GROSS INKS SALE OF INDUSTRIAL COMPLEX STRADDLING PISCATAWAY,PLAINFIELD
April 15, 2020
------------------------- -------------------------DEALS
Retail
REALTORS GROUP ACQUIRES, PLANS HEADQUARTERS AT EX-BENNIGAN’S SITE INBERGEN COUNTY
April 15, 2020
Office
OFFICE, RETAIL PROPERTY IN HADDONFIELD TRADES FOR $750,000April 15, 2020
Office
THREE-BUILDING MEDICAL OFFICE CAMPUS IN CLIFTON SELLS FOR $45 MILLIONApril 15, 2020
A private investor has acquired a three-building medical office campus in Clifton for $45 million, under a newly announced transaction byMarcus & Millichap.
Office
NAI HANSON TAPS GLOBAL NETWORK, SECURES NEW LOCATION FOR PARK RIDGEOFFICE TENANT
April 14, 2020
Industrial
SELF-STORAGE, INDUSTRIAL BUILDING IN WEST CALDWELL TRADES FOR $19MILLION
April 14, 2020 View All DealsTOP NEWS
HOBOKEN BROWNSTONE IS MAKING ITS MARK IN JERSEY CITY, BACKED BY 40 YEARS OF URBAN REDEVELOPMENT EXPERTISEApril 14, 2020
With a tried and true formula that goes back 40 years, Hoboken Brownstone Co. now has a development and construction pipeline in Jersey City of more than 2,000 luxury apartments.*
Office
MACK-CALI UNVEILS NEW BOARD NOMINEES, WITH MACK SET TO STEP DOWN ASCHAIRMAN
April 14, 2020
*
People
SANZARI TOUTS EMPLOYEE’S 35TH ANNIVERSARY WITH FIRMApril 14, 2020
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PEOPLE
INVESTMENT SALES BROKER REJOINS COLLIERS’ NEW JERSEY TEAMMarch 25, 2020
An investment sales broker has rejoined Colliers International, where he will focus on business development and transactions throughout New Jersey and the tristate region.*
Professional Services MANDELBAUM SALSBURG ADDS NEW MEMBER IN ENVIRONMENTAL LAW GROUPMarch 20, 2020
*
People
BLUE FOUNDRY NAMES NEW VICE PRESIDENT IN COMMERCIAL REAL ESTATELENDING
March 17, 2020
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EVENTS
SIOR NJ SHOWCASES LARGEST 2019 DEALS AT RECENT AWARDS CEREMONYMarch 26, 2020
The Society of Industrial and Office Realtors’ New Jersey chapter hosted its annual largest deal awards on Feb. 27, highlighting some of the Garden State’s top transactions of 2019.*
Events
COMING SOON: THE 2020 ATLANTIC BUILDERS CONVENTIONMarch 11, 2020
*
Calendar
THE REAL ESTATE NJ EVENTS CALENDARMarch 1, 2020
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FINANCE & CAPITAL MARKETS CMC INKS $11 MILLION REFI FOR 35-UNIT RENTAL PROJECT IN FANWOODApril 6, 2020
The owner of a newly completed, 35-unit apartment building in Fanwood has refinanced for $11 million, in a transaction arranged by Commercial Mortgage Capital.*
Finance & Capital Markets KENNEDY FUNDING CLOSES $1.5 MILLION LOAN FOR DETROIT MEDICAL FACILITYApril 6, 2020
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Finance & Capital Markets BUYER OF JERSEY CITY RENTAL BUILDING LANDS $41 MILLION LOAN, JLL SAYSMarch 31, 2020
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CBRE: STAY-AT-HOME ORDERS POISED TO ACCELERATE GROWING DEMAND FOR COLDSTORAGE
FMERA EXTENDS DEADLINE FOR OFFERS TO BUY 31-ACRE FORT MONMOUTH PARCEL COMMERCIAL PORTFOLIO IN CAMDEN CHANGES HANDS, VANTAGE RES SAYS JLL: OWNER OF EX-TOYS R US HEADQUARTERS EYES OFFICE, RETAIL USES INREPOSITIONING PLAN
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HOBOKEN BROWNSTONE IS MAKING ITS MARK IN JERSEY CITY, BACKED BY 40 YEARS OF URBAN REDEVELOPMENT EXPERTISEApril 14, 2020
With a tried and true formula that goes back 40 years, Hoboken Brownstone Co. now has a development and construction pipeline in Jersey City of more than 2,000 luxury apartments.FOR INSTANT UPDATES
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