What does the year 2019 have in store for New Jersey’s commercial real estate market? We recruited some of the most influential developers, professionals and thought leaders in New Jersey commercial real estate to give us their predictions for the year ahead.
Residential & Mixed Use
The construction boom in New Jersey is no more evident than in the multifamily and mixed-use sector, thanks to changing demographics and the demand for urban-style living, even in the suburbs.
Wilcox, Thrivent close $170 million in loans for New Jersey apartment and industrial deals
G.S. Wilcox & Co. is touting $170 million in recent loan activity with one of its correspondent lenders, including $100 million for two northern New Jersey apartment developers.
HFF secures $70 million for Advance, DeBartolo rental project in Harrison
Advance Realty and DeBartolo Development have landed $70 million in financing for a recently completed, 286-unit apartment project in Harrison, in a deal arranged by brokers with HFF.
NAIOP: Comptroller report only reinforces need for updated incentives in New Jersey
New Jersey’s use of tax incentives drew harsh criticism from a new audit by a state watchdog agency, but commercial real estate leaders say they welcome the scrutiny — and see it as a step toward updating and renewing the programs later this year.
Amboy Bank chairman Scharpf dies at 78
Amboy Bank is mourning the death of its longtime leader, George E. Scharpf, who spent more than 50 years with the Old Bridge-based community lender.
Newark affordable housing complex sells for $47.5 million
Jonathan Rose Cos. has sold a 360-unit, age-restricted affordable housing property in Newark for more than $47 million, according to brokers involved with the transaction.
Homestake Capital announces new director
Homestake Capital has hired a new director to help the firm add to its development and investment pipeline.
Langan combining in-place remediation, engineering services to aid redevelopment
Amid the growth of more cost-effective, less disruptive forms of environmental cleanup, Langan Engineering and Environmental Services has packaged those technologies with its vast geotechnical and civil engineering platform, providing a creative, full-service option for clients seeking to redevelop contaminated sites.
NAI Hanson inks sale of 170-acre tract in Pohatcong
A regional bank has sold a 170-acre parcel in Warren County, where three buyers are now weighing a range of potential uses.
East Orange developer details plans for 201-unit apartment tower
A developer is on track to break ground on a new 18-story luxury residential tower in East Orange after winning approval for a payment in lieu of taxes agreement.
