The redeveloper of the former Mercedes-Benz campus in Montvale has lured its first office tenant to the site, inking a 20,000-square-foot lease with an area law firm.
Five apartment properties with a combined 117 units have changed hands in Essex, Union and Monmouth counties, in a series of newly completed deals by Gebroe-Hammer Associates.
A real estate investment trust is selling seven apartments properties in New Jersey and New York for $266.5 million, as the portfolio’s buyer continues to grow its suburban multifamily holdings.
A waterfront residential building in West New York is more than 75 percent sold, thanks in large part to low mortgage rates and a rare winter surge in home buying activity.
A joint venture has taken the wraps off a new 116-unit high-end apartment building in downtown Rahway, the first of two planned phases of a site just minutes from the city’s train station.
My hope for 2020 is that our government officials will find the courage and willingness to tackle some thorny issues, including: overhaul New Jersey’s retirement and health care plans for state and school employees, consolidate school districts and remove barriers to allow regionalization of tax assessment, health services, municipal courts and fire and police services. If tackled, these measures will, over time, provide for better care and services to taxpayers while freeing up billions of dollars to invest in infrastructure, retraining and education programs and reducing the crushing tax burden on residents and businesses.
Kushner Cos. has tapped Ripco Real Estate to oversee leasing and marketing for 40,000 square feet of retail space at Pier Village in Long Branch, as the well-known oceanfront development enters its third and final phase.
The new owner of a 331,000-square-foot office building in Parsippany has named CBRE as its leasing agent, with plans to renovate the property after acquiring it late last year.
By Joshua Burd The PRC Group has joined forces with the founders of a real estate investment firm, launching a new subsidiary focused on capital markets and expanding its development pipeline. The West Long Branch-based development, construction and management business…