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Site of Newark’s famed Iberia restaurant sold, slated for 2,500-unit mixed-use redevelopment

A development group has acquired the site of Newark’s famed Iberia Tavern & Restaurant and several surrounding lots, where it now hopes to build more than 2,000 residential units and a bustling restaurant row in the heart of the city’s Ironbound district.

Residential & Mixed Use
Pennrose debuts new affordable housing in Glassboro for seniors, residents with disabilities

Pennrose has unveiled 64 new apartments in Glassboro for seniors and individuals with disabilities, following its $20 million redevelopment of a former public housing complex.

Professional Services
Fennelly Associates’ Dintrone earns SIOR designation

A veteran broker with Fennelly Associates has joined the ranks of the Society of Industrial and Office Realtors, the Hamilton-based firm announced Wednesday.

Retail
Nail bar, spa operator takes space at new Monmouth County retail center, Zoltek says

A nail salon has leased space at a new retail development on Route 33 in Monmouth County, in a newly announced deal by Zoltek Commercial Real Estate Services.

Office
Contractor takes 1,500 sq. ft. at Larken-owned office, medical campus in Skillman

Larken Associates has signed a new lease to bring a general contractor to Montgomery Professional Center, its nearly 48,000-square-foot office complex outside Princeton.

Features
Long-awaited Parsippany project comes with visions of bustling, downtown-style retail

Developers and local officials say they have high hopes for a luxury mixed-use development on Route 10, one with a concept that seemingly relies more heavily on retail and restaurants than typical mixed-use residential developments, in an effort to broaden its appeal.

Finance & Capital Markets
‘Vinty’ developers ink $97 million loan for new 297-unit Elizabeth rental property, JLL says

The developers of a new 267-unit apartment building in Elizabeth have obtained more than $97 million in financing for the downtown property, brokers with JLL announced Tuesday.

Professional Services
Ware Malcomb promotes Bahukutumbi to studio manager with Newark-based interiors team

Ware Malcomb has named a new studio manager in its Newark office after promoting a member of its interior architecture and design team.

Industrial
Zoltek: Developer buys 8,000 sq. ft. West New York industrial property

A local investor has sold a nearly 8,000-square-foot industrial building in West New York, in a deal arranged by Zoltek Commercial Real Estate Services.

Finance & Capital Markets
JLL: Bridge lands $64 million construction loan for 211,000 sq. ft. spec warehouse in Newark

Bridge Industrial has secured $64.3 million in financing to build more than 200,000 square feet of new logistics space in Newark’s port district, brokers with JLL announced.