Top News

KRE Group unveils next phase of landmark project, as momentum builds in historic Jersey City neighborhood

Kushner Real Estate Group and National Real Estate Advisors have opened the second of three towers at their Journal Squared project in Jersey City, having leased more than 50 percent of its 704 luxury apartments amid the ongoing revival of a historic neighborhood.

Finance & Capital Markets

CBRE: North Jersey among top 20 markets for net-lease investors in office, retail

As the demand for net-lease properties inches back toward pre-pandemic levels, northern New Jersey remains a top 20 market for investors targeting the office and retail sectors.

Health Care & Education

Health system acquires ex-Sears store in Moorestown as part of mall redevelopment

A hospital system has acquired a former Sears building at a Burlington County mall, with plans to transform the structure into a 165,000-square-foot specialty care facility.

Prism breaks ground at site of 382 apartments, townhomes in Middlesex County

By Joshua Burd Prism Capital Partners has broken ground on a project that will bring more than 380 apartments and townhomes to downtown Dunellen, about a mile south of Route 22. The builder, which has started earthwork and utility construction…

Industrial

Somerset office building, primed for industrial redevelopment, hits the market for sale

A vacant 200,000-square-foot office building in Somerset County is on the market for sale, providing what brokers say is a redevelopment opportunity in a growing industrial submarket.

Residential & Mixed Use

Larken completes construction, lease-up of 198-unit residential project in Warren County

Larken Associates is hailing the completion and lease-up of a 10-building, 198-unit multifamily development in Warren County, its largest multifamily project to date.

Residential & Mixed Use

JMF eyes July debut for 110-unit apartment building in Glen Ridge

JMF Properties is nearing the completion of a 110-unit apartment building in Glen Ridge, as it looks to expand on a concept introduced in another Essex County community.

Finance & Capital Markets

Black Creek lands $40 million loan for new Florence distribution center, C&W says

The developer of more than 500,000 square feet of new industrial space in Florence has secured a nearly $40 million construction loan, brokers with Cushman & Wakefield announced.

Industrial

Developers ink 481,000 sq. ft. lease, landing first tenant at new Linden industrial park

A logistics firm has leased more than 480,000 square feet of industrial space in Linden, filling one of two newly completed buildings at a planned 4.1 million-square-foot development.

Government & Public Policy

EDA now taking applications for rebooted residential ERG program

The state Economic Development Authority is once again accepting applications for a popular gap financing program that lapsed two years ago, but has since been rebooted.