Top News

Residential & Mixed Use
Arden, Spitzer detail plans for 390-unit apartment tower in Journal Square

A joint venture is eyeing a 2024 delivery for a planned 26-story, 390-unit apartment tower adjacent to the busy Journal Square PATH station in Jersey City.

Office
JDA taps Newmark as office leasing team for Hoboken, Jersey City project

The developer of a planned mixed-use project on the border of Hoboken and Jersey City has tapped Newmark as its leasing team for more than 100,000 square of new office space.

Industrial
Duke Realty breaks ground on 268,000 sq. ft. FreezPak facility in Woodbridge

Duke Realty Corp. has broken ground on a nearly 270,000-square-foot freezer facility in Woodbridge that will support the continued expansion of a locally based operator.

Residential & Mixed Use
Jersey City penthouse sells for $4.4 million, breaking prior record at 79-story tower

A buyer has paid more than $4.4 million for a penthouse in Jersey City, breaking a previous record set at the same newly completed high-rise along the Hudson waterfront.

Residential & Mixed Use
Weiss touts lease-up of 60-unit Somerville apartment building

The developer of a 60-unit apartment building in Somerville has leased up the property, touting its downtown location and the borough’s growing popularity among young renters.

Retail
New-look Gateway taking shape in Newark, with commitments from eight new restaurants

Eight new restaurants are coming to Newark’s Gateway Center, marking the latest step in a $40 million overhaul of the four-building office complex and its signature concourse.

Residential & Mixed Use
Developers tout lease-up of 126-unit luxury apartment property in Netcong

A developer is hailing the lease-up of a new 126-unit apartment complex in Morris County that has revitalized the former site of a blighted industrial property.

Editor’s Note
Starting anew

The debate over New Jersey’s corporate incentive programs has been well-chronicled in recent years, but regardless of where you fall on the issue, there’s no denying their influence on the state’s commercial real estate market. That influence was all but gone for two years after Grow New Jersey and other subsidy programs were allowed to expire in summer 2019, with no immediate replacements in sight until Gov. Phil Murphy and lawmakers agreed on new incentives late last year. The state is now putting those offerings to work, starting with the jobs-based Emerge program that will fill the void left by Grow New Jersey.

Industrial
Brookfield acquires Ridgefield site, eyes 338,000 sq. ft. logistics center

Brookfield Properties is set to develop nearly 340,000 square feet of new industrial space in Ridgefield, following an affiliate’s purchase of a 19-acre parcel along Route 46.

Top News
NYT: Netflix to bid on 289-acre Fort Monmouth parcel, eyeing massive production hub

Netflix has declared its intention to bid on nearly 300 acres of property at Fort Monmouth, where it reportedly wants to build a sprawling production studio after outreach by Gov. Phil Murphy.