A developer is offering the first opportunity to lease an apartment at a new 377-unit complex in Jersey City, marking the next step in a major redevelopment near the Hoboken border.
Office buildings within the state’s transit hub market continue to command higher rents compared to their suburban peers, according to JLL’s annual research report. Proximity to mass transportation within walking distance of amenity-rich areas has expanded the millennial demographic across these markets. The resulting demand for high-end Class A office space—that helps companies attract and retain the talent settling into these neighborhoods—drives rent premiums beyond that achieved in suburban markets.
Kushner Cos. has acquired a 1,032-unit garden apartment community near Princeton for $190 million, bringing the property back under its control more than a decade after selling it.
Mack-Cali Realty Corp. has unveiled new renderings of its planned $75 million redevelopment of the Harborside complex in Jersey City, where it’s slated to modernize more than 4 million square feet of office space and create a new public retail plaza.
The New Jersey Apartment Association has added to its government affairs team with the hiring of a new assistant vice president, the organization announced Monday.
The Hampshire Cos. has sold a grocery-anchored shopping center in Mount Laurel, capping off a plan to find a buyer after acquiring it in 2012 and bringing the complex to full occupancy.
The site of former chemical factory on Route 46 in Ridgefield is up for sale, as its longtime owner nears the end of an environmental cleanup meant to pave the way for redevelopment.
Procida Funding & Advisors LLC has provided a $3 million bridge loan as part of a transaction secured by four light industrial properties totaling more than 27,000 square feet in Union County.