Net-leased daycare center property in Parsippany sells for $4.3 million, Marcus says

A private investor has purchased the site of a net-leased daycare center in Parsippany for $4.3 million, brokers with Marcus & Millichap announced last week.

JLL: Exchange operator MIAX signs 94,000 sq. ft. lease renewal at Princeton-area campus

A securities exchange company has signed a lease renewal at a Princeton-area office building, where it occupies more than 94,000 square feet under a deal with Signature Acquisitions.

Towns file federal lawsuit over New Jersey affordable housing law, adding to state litigation

The coalition of towns seeking to undo New Jersey’s new affordable housing law is taking its case to federal court, arguing the framework violates the Constitution’s equal protection clause.

Cervelli: Five-unit rental building changes hands on Jersey City’s West Side

A local investor has purchased a five-unit apartment building in Jersey City’s West Side neighborhood, according to a team with Cervelli Real Estate and Property Management.

BPU approves new phase of Community Solar program benefiting warehouse owners, residents

The state’s popular Community Solar Energy Program is expanding once again with a newly announced third phase, setting the stage for fresh revenue opportunities for commercial property owners who lease their rooftops to solar developers.

Woodmont, insurance firm recap and acquire 31 acres for Somerset warehouse project

Woodmont Industrial Partners has teamed with a major insurance company to recapitalize and acquire nearly 31 acres in Franklin Township, with plans to build more than 370,000 square feet of modern industrial space just off Interstate 287.

Journal Square site zoned for residential, mixed-use on the market for sale, eXp Realty says

A vacant development site in Jersey City’s booming Journal Square neighborhood has hit the market, in a newly announced offering by eXp Realty.

SNS Real Estate buys 84,000 sq. ft. South Brunswick warehouse, Avison Young says

SNS Real Estate Investment Group has acquired a vacant 84,000-square-foot industrial building in South Brunswick, in a newly announced deal by Avison Young.

Apartment owner lands $2.7 million loan for 43-unit North Plainfield complex, Cronheim says

The owner of a 43-unit garden apartment complex in North Plainfield has closed on $2.65 million in financing, according to a debt placement team with Cronheim Mortgage.

Veris buys out Ironstate, consolidates ownership of Jersey City Urby in $39 million deal

Veris Residential Inc. is now the sole owner of a distinctive 762-unit apartment tower in Jersey City after acquiring Ironstate Holdings’ 15 percent stake in the building.