A development group led by a local family-owned business has broken ground on a project that will add six apartments to the site of historic glass business in downtown Princeton.
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Sanzari moves to modernize flagship Glenpointe complex with new tenant services, amenities
Alfred Sanzari Enterprises and Better Spaces recently debuted The Pointe, a new space that will serve as a focal point for programming the amenities at the Glenpointe complex in Teaneck. The new services include free yoga classes for tenants, along with ping pong tournaments, meditation sessions and other offerings. — Courtesy: Alfred Sanzari Enterprises
L+M sees new office space as key complement to apartments, retailers at historic Newark tower
With renters flocking to Walker House’s 264 apartments and commitments from a host of retailers, L+M Development Partners is keenly focused on the third piece of its formula. The New York-based developer, alongside brokers with JLL, has stepped up efforts to market more than 50,000 square feet of available office space at the building, touting the promise of downtown Newark’s resurgence and a workplace that is like few others in New Jersey.
Repositioned life sciences campus in Bridgewater under new ownership, new platform
A joint venture is reaping the rewards of a plan to reposition a sprawling research and development complex in Bridgewater, having sold the campus for more than $150 million. All the while, the deal has cast a light on the allure of life sciences as a real estate investment class and the power of collaboration by brokers across multiple geographic markets.
Rent control is not a solution to our affordable housing crisis
Among the many issues facing our nation, the availability of affordable housing, or lack thereof, is a problem that lawmakers have been trying to address for decades. Federal programs that either support the development of affordable housing or provide assistance to renters through vouchers have been woefully underfunded, and state and local elected officials are looking for solutions. Unfortunately, some have turned to rent control as an answer. But the reality is that rent control will not only fail to solve our affordable housing crisis, it will actually make it worse.
New construction in 2020, 2021 unlikely to quench demand for New Jersey industrial stock
Users in New Jersey’s booming industrial sector have faced a severe lack of supply in recent years, leading to unprecedented rent growth and an unabated race to find development sites. New space is on the way — and plenty of it — with millions of square feet slated to come online in the next two years. Yet market experts say demand will continue to outpace supply, given the continued upside of e-commerce and a race by traditional retailers to update their supply chains.
Freezer, cooler space in high demand in New Jersey, as users face a lack of supply
Demand for cold storage warehouse space nationwide, and particularly in the Garden State, is on fire, largely because of rising online fresh grocery sales and changing consumer preferences for fresher foods. Meeting that demand could prove challenging — given the cost and complexity of such projects and the need for specialization — but some developers are positioning themselves to be ready when users come calling.
