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Government & Public Policy
Solar Landscape, Extra Space Storage usher in next round of state renewable energy program

Solar energy developer Solar Landscape has completed a new installation atop a self-storage complex in Monmouth County, while marking a milestone in a key state program.

Residential & Mixed Use
Hudson Atlantic touts $200 million in first half volume after sales totaling more than 1,000 units

Brokerage firm Hudson Atlantic Realty is marking more than $200 million in transaction volume in the first half of 2022, having arranged the sale of more than 1,000 apartments across 11 deals.

Residential & Mixed Use
S. Hekemian Group unveils new luxury rentals, in latest step to revive ex-Mercedes campus

The S. Hekemian Group has unveiled the first of two apartment buildings in Montvale that will house a combined 308 units, marking the latest step in its plan to redevelop the former Mercedes-Benz USA headquarters campus in the borough.

Office
Kimmerle details newly expanded, 17,000 sq. ft. office for Newark-based staffing firm

A health care staffing firm has completed a major expansion in Newark as part of a project spearheaded by Kimmerle Group, the Harding Township-based design and planning practice.

Office
Scarinci Hollenbeck takes 19,000 sq. ft. in planned HQ move to Overlook Corporate Center

Law firm Scarinci Hollenbeck LLC has found a new home after leasing space at a well-known location in Little Falls, brokers with JLL and Avison Young announced this week.

Top News
Stockton honors Hanson for role in Atlantic City, marks milestone for new residence hall

The team behind a new Stockton University residence hall in Atlantic City gathered last week to highlight the project, slated to open in fall 2023, while honoring the revered developer Jon F. Hanson for his role in guiding new investment to the resort town.

Office
Onyx, JLL unveil redevelopment concepts and high-end office space at Summit campus

Onyx Equities and JLL have unveiled new plans and new possibilities for the sprawling former Celgene Corp. campus in Summit, where they’re now marketing two high-end office buildings and a redevelopment site at the heart of the nearly 640,000-square-foot property.

Residential & Mixed Use
Tulfra, Hampshire mark lease-up of new 180-unit rental community in North Haledon

Tulfra Real Estate and The Hampshire Cos. have completed their lease-up of a new 180-unit luxury apartment development in the Passaic County borough of North Haledon.

Residential & Mixed Use
Claremont completes sale of 240-unit Park Ridge property to Veris Residential

A development team has completed its sale of a new 240-unit luxury apartment building in Park Ridge, commanding $130 million for the property in a deal with Veris Residential Inc.

Policy Page
CRE outlook and economic drivers in this post-pandemic world

“Even before the pandemic hit in 2020, the global economy was already in a precarious place,” according to global economist Dambisa Moyo, Ph.D., at NAIOP’s recent I.CON East event in Jersey City. Many of the largest developed and developing countries were already experiencing low, slow or even no growth. In this sense, the COVID-19 crisis served as a catalyst, accelerating threats to the global economy. Moreover, several headwinds are exacerbating these challenges.