Turning the page on a challenging year for New Jersey’s apartment industry

Like everyone else, we expected 2021 to be better and easier. At the beginning of the year, the vaccines were starting to roll out, the feeling was positive and the worst was behind us. But then the reality of 2021 set in. Across the country, with the rise of the Delta variant, supply chain problems, labor shortages and unanticipated weather events, we were thrust into another difficult year. It wasn’t the 2021 we had all hoped for — it was “2020 redux” — and it was just as challenging but in different ways.

Condos at Hoboken’s historic Wonder Bread factory now 50 percent sold

A joint venture has reached a milestone in its conversion of a historic factory in Hoboken, having sold more than half of the 83 luxury condominiums that are now available at the site.

Vision, Barings tap CBRE as leasing agent at East Hanover industrial park

A joint venture has picked CBRE as its leasing team for nearly 170,000 square feet of industrial space just north of Route 10 in East Hanover.

Somerset kicks off construction for 72,000 sq. ft. flexible workplace hub at Bell Works

Somerset Development has started its buildout of a new 72,000-square-foot facility in Holmdel that it hopes will provide flexible workplace options to medium-sized businesses.

Greek eyes new industrial space at iconic Nabisco plant in Fair Lawn

Greek Development plans to build new industrial space at the site of the landmark Nabisco plant in Fair Lawn, following its recent purchase of the property for nearly $147 million.

Operator, public officials break ground on new 55,000 sq. ft. supermarket in Atlantic City

A new full-service supermarket is coming to Atlantic City — its first in more than 15 years — under a public-private effort that will help eliminate one of New Jersey’s food deserts.

Spencer Savings Bank seals merger with Mariner’s, adding six branches in North Jersey

Spencer Savings Bank SLA has completed its merger with Edgewater-based Mariner’s Bank in an all-cash transaction.

Russo unveils 296-unit rental project at Garwood train station

Russo Development has launched leasing at a new 296-unit high-end apartment building in Garwood, seeking to lure renters to a site that is steps from commuter rail service.

Rockefeller breaks ground on 346,000 sq. ft. logistics center in Burlington County

Rockefeller Group has made another addition to its fast-moving construction pipeline, touting the start of a nearly 350,000-square-foot distribution center project in Burlington County.

Amazon ditches plan for 400,000 sq. ft. lease at Mack-Cali campus in Jersey City, report says

Amazon has reportedly scrapped a plan to take some 400,000 square feet of office space at Mack-Cali Realty Corp.’s renovated Harborside campus in Jersey City.