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Government & Public Policy
Expansion plans: How CREDA will build on NAIOP’s rich legacy in New Jersey

NAIOP’s long-awaited rebrand to the Commercial Real Estate Development Association is especially significant for a New Jersey chapter that is one of the organization’s oldest, giving it a rich history and a broad reach that its leaders hope will become even more expansive.

Finance & Capital Markets
Claremont, Stanbery and PCCP snag $188 million refi for The District at 15fifteen in Parsippany

The developers of The District at 15fifteen in Parsippany have refinanced the sweeping mixed-use project, securing a $188 million loan in a deal arranged by Cushman & Wakefield.

Finance & Capital Markets
JLL: Buyer wanted for distressed loan secured by 432,000 sq. ft. Jersey City office building

The holders of a nonperforming $130 million loan for a Jersey City office building are hoping to sell the debt after foreclosing on the property earlier this year.

Retail
Three new tenants, including Crunch Fitness, fill 41,000 sq. ft. at Brick retail center

Crunch Fitness is coming to a newly updated retail center in Brick, where it will lease 25,000 square feet in the largest of three recent transactions arranged by JLL.

Community
GREP’s David Greek honored at Patriots’ Path Council annual labor, real estate awards dinner

A leading voice in New Jersey commercial real estate has lent his support to the Patriots’ Path Council, the Scouting America organization serving five northern and central counties.

Community
NAI Hanson lending support, expertise as Asbury Park nonprofit eyes new real estate strategy

The nonprofit Mercy Center, seeking a buyer for its main campus in Asbury Park, has enlisted the help of NAI James E. Hanson.

Retail
Investor grabs 32,000 sq. ft. Parsippany retail center for $9.1 million, Marcus says

A highway retail center in Parsippany has changed hands for more than $9.1 million, brokers with Marcus & Millichap announced Tuesday.

Retail
Harrison, veteran retail broker and development specialist, joins RIPCO

Longtime retail specialist Jennifer Sofia Harrison has joined RIPCO Real Estate, where she’ll serve as a managing director focused on landlord representation in the region.

Residential & Mixed Use
Southend Lofts, new Hoboken condos, more than 50 percent sold after $20 million sales surge

A new loft-style residential building in Hoboken is striking a chord with buyers, driving a surge in sales activity at a project that has revitalized a historic factory building.

Professional Services
Resource Realty of Northern New Jersey welcomes emerging broker Lake as sales associate

Rylie Lake has joined Resource Realty of Northern New Jersey as a sales associate, bolstering its brokerage team as the Parsippany-based firm eyes continued expansion in the region.