Featured

JLL: Investor lands $11.5 million acquisition loan, eyes new grocery-anchored center in Clifton

A developer has secured acquisition financing for a nearly 49,000-square-foot commercial property in Clifton that it plans to reposition as a grocery-anchored retail center.

Office

Social work agencies take space at Paramount Assets tower in Newark, CBRE says

An affiliate of Paramount Assets has filled nearly 7,000 square feet in Newark after leasing space to two growing social work organizations, according to a CBRE brokerage team.

Residential & Mixed Use

Walters opens affordable housing lottery for third and final phase of Galloway project

The final piece of a new affordable housing community in Galloway is taking shape, as its developer prepares to welcome residents as soon as this spring.

Professional Services

Former Gebroe-Hammer brokers Oropeza, Jarvis launch ICON Real Estate Advisors with $35 million sale of Piscataway rental property

Two former brokers with Gebroe-Hammer Associates have launched a new venture, ICON Real Estate Advisors, marking its debut with the sale of a 110-unit rental property in Piscataway.

Office

C&W: Windels Marx takes 12,000 sq. ft. in Florham Park in deal with Vision Properties

Windels Marx, Lane & Mittendorf LLP has found a new home in Morris County after signing a nearly 12,000-square-foot office lease in Florham Park.

Industrial

PSE&G buys Hillside industrial site for $4.4 million, eyeing substation expansion

PSE&G has acquired an industrial outdoor storage parcel in Hillside that will allow it to expand a substation on a neighboring property, brokers with NAI James E. Hanson said Wednesday.

Industrial

Owner-occupier buys Middlesex flex building in $1 million deal arranged by Kislak

The Kislak Co. Inc. has brokered the sale of a nearly 6,400-square-foot industrial flex building in Middlesex Borough, the Woodbridge-based firm announced Wednesday.

Events

Is Newark a magnet for capital? Yes, but it’s complicated.

It was a reminder of Newark’s allure as a destination for those who see the value of its workforce, transit access and deep network of anchor institutions. Capturing that upside is far more complicated, according to panelists who explained why and how developers, investors and other stakeholders are making deals work in the city.

ON3: Prism continues update of on-site utility plant with substantial support from PSE&G

Prism Capital Partners is making another key infrastructure upgrade at ON3, its sprawling mixed-use campus in Clifton and Nutley, with a major assist from PSE&G.

Retail

Goldstein Group inks sale of Paramus retail property home to Starbucks

A local investor has sold the site of a drive-thru Starbucks location on Route 17 in Paramus, in a recently completed deal by The Goldstein Group.