Approvals for cannabis grow, processing sites unleash new demand for already-scarce industrial space

With licensing for recreational marijuana now underway in New Jersey, commercial real estate owners are seeing a real-time rush for spaces that will help launch the industry beyond the medicinal use market created more than a decade ago.

Dresdner Robin touts design, engineering work at new 232-unit Belleville rental complex

Land-use consultancy Dresdner Robin is detailing its role in the recently completed, 232-unit luxury apartment complex in Belleville known as SilverLake.

Newark apartments backed by Queen Latifah slated for summer preleasing

Construction is underway on a long-awaited, 76-unit apartment complex in Newark whose development team includes music and film star Queen Latifah, a city native.

Veris Residential eyes debut of new 750-unit, ecofriendly apartment tower in Jersey City

Veris Residential Inc. has unveiled a new 56-story, 750-unit apartment tower in Jersey City with what it says is a focus on water efficiency, green energy and other sustainability features.

Lee & Associates N.J. named leasing agent for 122,000 sq. ft. Morristown office complex

The Silverman Group has tapped Lee & Associates New Jersey to market space at a two-building, 122,000-square-foot office complex in Morristown.

In real time

I try to walk a fine line when reporting on legislation and public policy proposals that may or may not come to fruition. Among them is the push to legalize recreational marijuana in New Jersey, which always seemed somewhat imminent under Gov. Phil Murphy, but still took several years and a voter referendum to become reality.

Petrucci, PGIM sell 511,000 sq. ft. Phillipsburg warehouse for $110 million

A joint venture has sold a newly built, 511,200-square-foot industrial building in Phillipsburg for $110 million, allowing a Boston-based firm to expand its footprint in the state.

Mancini Duffy expands regional footprint with new Red Bank office

Design firm Mancini Duffy is marking the opening of a new regional office in Red Bank, its second in New Jersey and its third overall.

EDA issues call for information to help launch fund for minority, women-owned developers

The state’s Economic Development Authority is seeking input from minority- and women-owned development firms, as it lays the groundwork for a $20 million funding program to help improve diversity in the real estate industry.

Two-way traffic creating “more connected” downtown in Hackensack, experts say

Business leaders in downtown Hackensack are marking one year since the return of two-way traffic on Main Street, touting an uptick in activity from residents and visitors alike.