Top News

Hospitality & Tourism
Prism wins key approval to bring Marriott AC, Element Hotel to ON3 campus

Prism Capital Partners has secured final site plan approval to build a 266-room hotel in Clifton, as it looks to further expand the mix of uses at its flagship ON3 campus.

Office
Nuveen, Ware Malcomb detail planned upgrades at 440,000 sq. ft. Princeton campus

A global real estate manager has unveiled plans to modernize a two-building, 440,000-square-foot office complex in the Princeton Forrestal Center campus.

Office
JLL: Tenant demand on the rise in New Jersey amid continued growth in office vacancy

A growing number of tenants are searching for office space in New Jersey, providing a reason for optimism even as vacancy continued to climb heading into the summer.

Residential & Mixed Use
Developers eye debut of new luxury apartments in Old Bridge

A joint venture is nearing completion of a new luxury apartment complex in Old Bridge, seeking to lure renters with a long list of amenities and access to a host of nearby highways.

Office
WCRE named leasing agent at Mount Laurel office building

The new owner of a 41,000-square-foot office building in Mount Laurel has picked Wolf Commercial Real Estate as the property’s leasing agent.

Industrial
Crow Holdings, partners launch construction at 1.2 million sq. ft. logistics park at Exit 8

A development group has started construction at the site of a planned two-building, 1.22 million-square-foot industrial campus near Exit 8 of the New Jersey Turnpike.

Office
Jersey City: Columbia unveils first phase of upgrades at 680,000 sq. ft. office tower

Columbia Property Trust has completed the first piece of a plan to overhaul its 680,000-square-foot office building in the heart of downtown Jersey City.

Finance & Capital Markets
JLL seeking buyer for ex-Sears store in Mercer County, touting redevelopment potential

The site of a vacant Sears building in Lawrence Township is on the market for sale, providing a redevelopment opportunity alongside a mall on Route 1.

Government & Public Policy
NJ Transit seeking proposals from four finalists in 12-acre Metropark redevelopment

State officials are seeking pitches from companies that have shown an interest in redeveloping 12 acres directly adjacent to the busy Metropark transit hub in Woodbridge.

Policy Page
CRE sentiment rises, but weighed down by construction cost challenges

Improving economic conditions have led to an improvement in the NAIOP CRE Sentiment Index, indicating both overall optimism and several ongoing concerns. However, respondents are now more pessimistic about construction costs than in any prior survey, and most expect construction labor costs to increase.