Top News

Thor kicks off construction to create new lab, R&D building in Jersey City, JLL says

Thor Equities has started construction in its plan to overhaul a 350,000-square-foot building in Jersey City, where it aims to create “lab-ready” space that will attract life sciences users.

Technology

Smart building tech provides a path to energy savings, sustainability

Landlords and technology firms say tools such as smart meters, sensors and cloud-based platforms can help reduce a building’s carbon footprint, which can come with the equal or greater selling point of cost savings on energy.

Retail

Jersey City plans $6.7 million overhaul of downtown pedestrian plaza

A nearly $7 million upgrade is coming to a key pedestrian plaza in downtown Jersey City, the latest in a series of streetscape improvements announced by local officials.

Retail

Flemington touts new business attraction amid ongoing economic development planning

More than a dozen new businesses opened in Flemington last year, helping to boost the borough’s retail scene as local leaders take a coordinated approach to economic development.

NJAA cheers as $350 million rental assistance bill advances in Senate

A bill that would provide $350 million in rental assistance to apartment landlords and tenants has moved ahead in the state Senate, drawing support from the multifamily industry.

Industrial

UPS coming to 880,000 sq. ft. logistics center in Bayonne, city officials say

A new UPS distribution center is coming to Lincoln Equities Group’s sprawling new industrial park in Bayonne, where officials say the carrier would lease nearly 900,000 square feet.

Government & Public Policy

EDA: Revival of historic Paterson stadium set to begin after approval of ERG award

A development team is moving ahead with plans to revive the historic Hinchliffe Stadium site in Paterson, following approval of a $67 million state tax credit for the project.

Residential & Mixed Use

LeFrak, Jersey City officials seeking local artists for lobby display at Newport building

LeFrak, the developer of Jersey City’s iconic Newport neighborhood, is seeking the help of local artists to adorn a wall inside its newest waterfront apartment tower.

Residential & Mixed Use

Jersey City rental building rides early surge in 2021, nears 80 percent leased mark

A development group has leased more than three-quarters of a new 137-unit luxury apartment building in Jersey City, thanks in part to a post-holiday surge in renter demand.

Policy Page

Regional mindset, new recipe needed to keep our talent and project pipeline flowing

It’s high time that New Jersey’s local officials start doing things differently and placing a higher priority on talent attraction, collaborative regional (not parochial) planning and being on the same page. Economic development experts from outside the state seemed to concur at NAIOP New Jersey’s recent Annual Meeting and Commercial Real Estate Outlook.