Top News

Top News
EDA to expand relaunched ERG program, adding $75 million for commercial projects

The Trenton statehouse By Joshua Burd State officials have rebooted another piece of the former Economic Redevelopment and Growth program — infusing it with a $75 million allocation specifically for commercial projects — as they continue to develop a series…

Residential & Mixed Use
Value Cos. plans 104-unit addition to vast apartment complex in Randolph

Value Cos. is set to break ground on the final piece of a sprawling apartment complex in Morris County, with plans to add 104 homes to a property that already has some 900 units.

Finance & Capital Markets
NAI DiLeo-Bram: Northern, central New Jersey investment sales bounce back in first half

Investment sales in a five-county swath of New Jersey rebounded in the first half of 2021, thanks to major deals in the industrial and office sectors and incremental growth in retail transactions.

Government & Public Policy
Bill to allow third-party code inspections awaits action by Murphy

Commercial real estate leaders are awaiting the fate of a bill that would allow building owners in New Jersey to hire third-party, private-sector professionals to obtain faster code inspections.

Office
Connell debuts bike share program at sprawling Berkeley Heights business campus

The Connell Co. has launched a new bike share program at its flagship business campus in Berkeley Heights, the latest piece of its plan to revamp the 185-acre property.

Finance & Capital Markets
Citizens to acquire Investors Bancorp for $3.5 billion

Citizens Financial Group Inc. has agreed to acquire Investors Bancorp Inc., the Short Hills-based lender and a major player in recent years in New Jersey commercial real estate finance.

Office
New 72,000 sq. ft. flexible workspace offering coming to Bell Works

Somerset Development is seeking to lure medium-sized businesses to its Bell Works complex, unveiling plans to create 72,000 square feet of flexible workspace at the Holmdel property.

Residential & Mixed Use
Gebroe-Hammer rides multifamily momentum, inks $917 million in first-half sales

Investor demand for New Jersey apartments has only intensified, fueling nearly $1 billion in multifamily sales by Gebroe-Hammer Associates in the first half of 2021.

Office
Newmark named leasing agent at Newark’s 80 Park Plaza

An ownership group has tapped Newmark as its leasing agent at a well-known, 973,000-square-foot office building in downtown Newark.

Residential & Mixed Use
JLL: Buyer wanted for 632-unit luxury rental property near Princeton

A collection of more than 630 apartments just outside Princeton is on the market for sale, with the potential to command offers around $200 million.