Brogan: Apartment owners still facing economic, legislative concerns as health crisis continues

With New Jersey’s coronavirus crisis entering its seventh month, the state’s apartment industry still faces a long list of challenges amid legislative efforts to address the economic fallout. Real Estate NJ connected with David Brogan, the executive director of the New Jersey Apartment Association, who weighed in on everything from rent collections to state and federal policy proposals that he believes would have dire financial consequences for landlords.

Petrucci, PGIM detail 511,000 sq. ft. spec industrial project in Phillipsburg

More than 500,000 square feet of new industrial space is coming to Phillipsburg, under a newly announced project by J.G. Petrucci Co. Inc. and PGIM Real Estate.

American Dream announces reopening, debut of retail offerings

The American Dream complex in East Rutherford will reopen Oct. 1, nearly six months after the coronavirus crisis dealt yet another setback to the massive retail and entertainment venue.

JLL: Development site for sale along New Brunswick business, academic corridor

The owner of a 36-acre development site in New Brunswick is seeking a buyer, with brokers touting its location along Route 1 and its proximity to New Jersey’s three largest employers.

Arc Building Partners, Claremont open new joint headquarters in Morristown

A construction firm and a developer have unveiled their new joint office in Morristown, following a merger last year aimed at better positioning both businesses.

Gebroe-Hammer touts $75 million in Hudson County apartment sales in June, July

A broker with Gebroe-Hammer Associates has kept active since the height of the COVID-19 outbreak, inking the sale of more than 200 units in Hudson County in June and July alone.

JLL named leasing agent at Fort Lee office building, details upgrades (SLIDESHOW)

The new owner of a 10-story office building in Fort Lee has tapped JLL as its leasing agent, as it launches a major overhaul of the nearly 207,000-square-foot property.

Indoor dining in New Jersey can resume Friday at reduced capacity, Murphy says

New Jersey restaurants will be able to open for indoor dining at 25 percent capacity starting this Friday ahead of Labor Day weekend, Gov. Phil Murphy said Monday.

Bell Works details reopening plan, safety measures after COVID shutdown

Somerset Development has unveiled its plan to reopen its flagship Bell Works complex in Holmdel, providing a roadmap for office and retail tenants that were forced to leave as the COVID-19 crisis escalated in early spring.

AIG sells 471,000 sq. ft. Metropark office building for $140 million, C&W says

Insurance giant AIG has sold a 470,692-square-foot office building in Woodbridge for $140 million, in a transaction announced Friday by Cushman & Wakefield.