Featured

Industrial
Saxum, Penwood eye new warehouse project in Parsippany after buying vacant office building

Another vacant office building in Parsippany is set to come down as part of a joint venture’s plan to construct a new 128,000-square-foot speculative warehouse just north of Route 10.

Residential & Mixed Use
Marcus: Buyer wanted for approved 2,400-unit development site in downtown Newark

The owner of a high-profile development site in Newark — where city officials have approved plans for more than 2,400 new residential units — has put the property on the market.

Health Care
JLL launches marketing for plug-and-play lab suites at New Brunswick’s HELIX district

The team behind the sweeping Health + Life Science Exchange campus in New Brunswick is seeking tenants for a group of prebuilt laboratory and office suites, part of a 574,000-square-foot building that’s slated to open later this year.

Finance & Capital Markets
Developer inks $81 million refi of new 200-unit rental property in Jersey City, C&W says

The owner of a new 200-unit luxury apartment building in Jersey City has refinanced the property for $81 million, brokers with Cushman & Wakefield announced Tuesday.

Guest Columns
The ‘builders’ remedy’ strategy — and why it’s flawed

The “builders’ remedy” method, as an approach to solving New Jersey’s affordable housing crisis, is having a devastating impact across the Garden State. Many other options exist, options that should be squarely on the table. A shining example of these options is the construction of special needs and workforce housing, to name just some.

Industrial
Profeta breaks ground on 300,000 sq. ft. expansion of existing 400,000 sq. ft. warehouse for consumer goods giant

An affiliate of Paul V. Profeta & Associates Inc. has broken ground on a project that will add nearly 300,000 square feet to a major industrial facility it already owns in the Southeast.

Industrial
DH Property Holdings, DRA buy 273,000 sq. ft. Delanco warehouse for $31 million

DH Property Holdings LLC and DRA Advisors LLC have acquired a 273,000-square-foot industrial building in Burlington County for $30.5 million.

Residential & Mixed Use
JLL tapped to sell 98-unit apartment building near Asbury Park oceanfront

The owner of a 98-unit apartment building near the famed Asbury Park boardwalk is seeking a buyer for the property, according to a listing team with JLL.

Retail
Longtime retail leasing, development executive Casiero joins Bennett Realty

Bennett Realty & Development has hired Dan Casiero as vice president of leasing and redevelopment, the Holmdel-based firm announced Thursday.

Residential & Mixed Use
Russo, Pulte complete deal for 136-unit townhome development site in Kearny

Russo Development has sold a parcel in Kearny with approvals in place for 136 luxury townhomes along the Passaic River, brokers with JLL announced Wednesday.