Data centers: Sherrill eyes plan to manage energy costs, community concerns while promoting AI growth

Gov. Mikie Sherrill is taking steps to manage the impact of new data center development in New Jersey, announcing a plan to establish guardrails while still allowing the state to benefit from innovations in artificial intelligence.

Veris Residential goes private after $3.5 billion acquisition by Affinius, Vista Hill consortium

Investors have closed on their $3.5 billion acquisition of Veris Residential Inc., bringing the company private after its multiyear overhaul of a once-sprawling portfolio.

Mansbach joins G.S. Wilcox as vice president focused on debt and equity financing

G.S. Wilcox & Co. is growing its team with the addition of Ryan Mansbach as a vice president, the commercial real estate mortgage banking firm announced this week.

Single-tenant, 30,000 sq. ft. office building in Parsippany fetches $5 million, Newmark says

A long-term investor has acquired a nearly 30,000-square-foot office building in Parsippany, paying $5 million for the property in a deal arranged by Newmark Associates CRE.

Spring has sprung. So has the chaos.

Spring rolls into summer and the snowbirds migrate back north — Florida to New York, just like clockwork. Except they didn’t leave the AC on in their Florida condos. So now we’re walking into spaces that feel like a science experiment gone wrong, trying to paint, renovate and salvage materials that were not designed for tropical sauna conditions.

Developers near completion of 477-unit ‘West Side Square’ project in Jersey City

A collection of nearly 500 luxury rentals is taking shape just outside Jersey City’s Journal Square district, with preleasing underway and residents set to arrive as soon as this summer.

JLL: Buyer wanted for 61,000 sq. ft. retail center at master-planned Basking Ridge community

The owner of a retail center at the heart of an affluent, master-planned housing development in Somerset County has tapped JLL to sell the property.

Drew Capital sources $16 million construction loan for Giga Holdings rental project in Newark

Giga Holdings has scored a $16.25 million construction loan for a 77-unit multifamily project in Newark’s University Heights neighborhood, in a newly announced deal by Drew Capital.

RHO Residential, with growing leadership team, taps Sheth as chief operating officer

Salil Sheth has joined RHO Residential as its chief operating officer, bringing extensive experience in real estate operations and development.

EDA, SOSA launch business accelerator, support space in Jersey City for international companies eyeing growth in U.S

State officials have unveiled a new coworking and support space in Jersey City that will serve as a hub for global companies seeking to establish and scale their operations in the United States.