Featured

Education
NJIT’s Profeta Real Estate Center launching June 23, seeking to reshape real estate education

The Profeta Real Estate Technology, Design and Innovation Center will officially launch next week at New Jersey Institute of Technology, marking the start of what’s meant to be a pioneering cross-disciplinary program to produce the industry’s most well-rounded graduates.

Finance & Capital Markets
CBRE: Lincoln Financial provides $21 million refi for Hoboken office, retail property

The owner of more than 42,000 square feet of office and retail space in uptown Hoboken has refinanced the property, securing a $21.12 million loan in a deal arranged by CBRE.

Residential & Mixed Use
Hartz nears full occupancy at new 250-unit Cranford rental property

Hartz Mountain Industries has hit 90 percent occupancy at a collection of 250 apartments in Cranford, highlighting sustained demand for upscale rentals in suburban locations.

Residential & Mixed Use
Cervelli arranges sale of 13-unit Union City apartment building for $875,000

A private investor has acquired a 13-unit apartment building in Union City for $875,000, in a newly announced deal by Cervelli Real Estate & Property Management.

Office
JLL: March Associates sells 38,000 sq. ft. medical office building in Wayne for $7.9 million

March Associates Construction has sold a nearly 38,000-square-foot medical office building in Wayne — a location that’s also its longtime headquarters — in a deal arranged by JLL.

Finance & Capital Markets
Integritas, Kriss lend $220 million for Journal Square project with 542 rentals, 154-key hotel

A development team has scored $220 million in financing to complete a 56-story high-rise in Jersey City, one that’s slated to include 542 apartments and a 154-key hotel after it was redesigned mid-construction to allow for a major expansion.

Industrial
NAIDB: Magni, material handling equipment supplier, sells Kenilworth facility for $13 million

An industrial user has sold and leased back a portion of a nearly 27,000-square-foot facility in Kenilworth, reaping more than $13 million in a deal arranged by NAI DiLeo-Bram & Co.

Deals
Dental restoration lab inks 10-year lease for 22,000 sq. ft. Piscataway facility, Deluccia says

A dental laboratory has secured a new facility after taking 22,000 square feet of commercial space in Piscataway, according to brokers with Deluccia Commercial Group.

Office
Azarian: Interior design firm secures new home, takes 3,200 sq. ft. at Livingston Town Center

An interior design firm has leased some 3,200 square feet at Livingston Town Center, joining more than two dozen other tenants at the well-known mixed-use property.

Government & Public Policy
NJ Transit, Denholtz eye new development at Red Bank station with 175-unit first phase

Denholtz has taken a key step toward expanding its footprint in Red Bank, where it’s set to become the master developer of six acres of NJ Transit-owned land with plans to create a mix of new rental homes, retail and parking facilities along the North Jersey Coast Line.