Featured

Government & Public Policy
Sentiment shift: Encouraged by new Sherrill administration, NJBA sees clearer path to expanded housing production, affordability

A new governor has brought fresh optimism to the New Jersey Builders Association, which points to the Sherrill administration’s focus on affordability and government efficiency as a key step toward expanding the housing stock and lowering costs for residents.

Residential & Mixed Use
Downeaster, TANTUM break ground on 78-unit rental project in downtown Long Branch

A new 78-unit luxury apartment building will soon rise in downtown Long Branch, in a project that will transform a key stretch of the corridor leading to its booming coastline.

Health Care
Medical office demand strong as Accordia leases 21,000 sq. ft. across three properties

Accordia has completed a series of medical office leases in New Jersey, touting strong demand from health care users seeking space in top-tier buildings.

Industrial
Zimmel: Eight-building, 147,000 sq. ft. commercial portfolio in Clark changes hands

An investment group has acquired some 147,000 square feet of commercial space in Clark, seeking to reposition an eight-building portfolio that was anchored by L’Oréal.

Industrial
JLL: Ridgecut Road buys, lands financing for Edison industrial service property

Ridgecut Road has acquired a nearly six-acre industrial service facility in Edison for $24.5 million, securing the property and financing in transactions arranged by JLL.

Industrial
IDI breaks ground on 155,000 sq. ft. warehouse at former Piscataway office site

Construction is underway on a project that will bring more than 155,000 square feet of new industrial space to Piscataway while revitalizing a former office property.

Office
Nuveen, C&W team ink three leases for 49,000 sq. ft. at Princeton-area office campus

Nuveen Real Estate has filled more than 49,000 square feet after securing three new tenants at a renovated office campus outside Princeton, brokers with Cushman & Wakefield announced.

Professional Services
WCRE adds Ravitz as advisor, continuing focus on young talent

Wolf Commercial Real Estate has welcomed Andrew Ravitz as an advisor, deepening its bench of young brokers as it focuses on long-term growth.

Government & Public Policy
Permitting dashboard, staffing shortages in focus as Sherrill-led regulatory reform advances, Doucette tells NAIOP New Jersey

Gov. Mikie Sherrill’s team has taken key steps toward streamlining approvals, creating a real-time permitting dashboard and growing headcount at agencies like the Department of Environmental Protection, a top administration official told NAIOP New Jersey last week.

Deals
Jersey City investor buys 15-unit property for $5.7 million, headlining recent IPRG deals

A local investor has purchased a 15-unit apartment property in Jersey City for $5.7 million, in one of several recent transactions by IPRG’s New Jersey team.