Hospitality & Tourism

Whether it’s the proximity to New York City or all of the tourist attractions that New Jersey has to offer, the Garden State’s hospitality industry is booming. Hotels are increasingly becoming part of major redevelopment projects.

Veris Residential to sell Holmdel office building, Jersey City hotel for $132 million

Veris Residential Inc. has agreed to sell a Holmdel office building and a hotel in Jersey City for a combined $132 million, as it continues to shed assets outside the multifamily sector.

Out of the shadows

In this month’s cover story we highlights the plan to restore and reactivate the property’s long-dormant and long-vacant ferry terminal. The master development team at LCOR envisions it as a unique destination for commuters, city residents and visitors — and as the centerpiece of the plan called Hoboken Connect — which became clearer after I recently toured the space with the firm’s Brian Barry. The building’s second floor, with its 21-foot ceiling heights and a large, column-less floorplate stretching nearly 500 feet, has all the makings of such a destination and the potential to achieve one of LCOR and NJ Transit’s top objectives: opening the terminal to the public while enhancing the commuter experience.

Forsgate acquires 4.6-acre Meadowlands development site, NAI Hanson says

Forsgate Industrial Partners has acquired a former hotel property in Lyndhurst that figures to be a prime development parcel at the intersection of two major highways.

Tech founder plans ‘lifestyle’ business center at Fort Monmouth site

A group with ties to a local technology firm has acquired 12 acres at Fort Monmouth, with plans to create a mixed-use business center with office, retail and hospitality space.

New Jersey real estate projects, people take center stage at annual ULI gala (PHOTOS)

Commercial real estate industry leaders gathered recently to celebrate a host of projects and individuals as part of the Urban Land Institute of Northern New Jersey’s annual awards gala.

Newark cultural institutions eye high-profile projects, creation of new downtown arts hub

A series of high-profile development projects are poised to infuse three of Newark’s cultural anchors, while helping to advance economic growth in and around the downtown.

ULI to honor top New Jersey projects, industry players at 2022 awards gala

The Urban Land Institute of Northern New Jersey is set to honor more than a dozen commercial real estate projects, deals and industry leaders as part of its upcoming annual awards gala.

Harlem restaurateur coming to landmark Newark office tower, in deal with Fidelco

An acclaimed restaurateur in Harlem is expanding to Newark, with a location that will mark another step in Fidelco Realty Group’s plan to revitalize a well-known office building.

Sanzari taps industry veteran as new general manager at Glenpointe

Alfred Sanzari Enterprises has named Jessica Halpin as its general manager of Glenpointe, the firm’s flagship 670,000-square-foot corporate campus in Teaneck.

Kislak: Nutley steakhouse property, liquor license sell for $1.6 million

The site of a well-known restaurant in Nutley and its liquor license have changed hands for $1.6 million, in a deal arranged by The Kislak Co. Inc.