Top News

With new community on the rise, Weiss has his eye on another large Jersey City redevelopment

Having built nearly 800 apartments in an emerging section in Jersey City, veteran developer Sandy Weiss and his firm now hope to replicate that approach — seeking to build on their experience of trying to build a new neighborhood from scratch. The company is the designated master redeveloper for about four city blocks just east of the New Jersey Turnpike extension, where it has proposed building more than 2,300 apartments for a mix of income levels.

Residential & Mixed Use

Apartment portfolio in Essex, Bergen fetches $300 million

A multifamily buyer has paid more than $300 million for a 134-building portfolio spanning more than 1,800 units in Essex and Bergen counties, Gebroe-Hammer Associates announced.

Office

Hampshire sells Realogy headquarters building in Madison to UAE-based investment firm

The Hampshire Cos. has sold a 270,000-square-foot corporate headquarters building in Madison, the site of a sweeping project that transformed what had been a defunct call center facility.

Industrial

Rockefeller breaks ground on 900,000 sq. ft. spec distribution center in Edison

Rockefeller Group has started construction on a 900,022-square-foot distribution center in Edison, where it is redeveloping the former site of an ExxonMobil research campus.

Government & Public Policy

Development group launches first Opportunity Zone projects in Orange

A development team has concluded its first round of fundraising for two projects under the federal Opportunity Zone program, with plans to break ground next year on a combined 168 apartments near the Orange train station.

Professional Services

Sax expands, acquires New York accounting firm

Sax LLP has acquired a New York-based accounting firm as part of a move to expand its footprint beyond its home state of New Jersey.

Hospitality & Tourism

Joint venture, Marriott open 159-room high-end Montclair hotel (UPDATED)

A development group has completed Montclair’s first ground-up, full-service hotel in more than 80 years, debuting a new 159-room Marriott property in the community’s popular downtown.

Hospitality & Tourism

Hollister tapped to oversee construction at new Morristown hotel

The developer of a planned boutique hotel in downtown Morristown has retained Hollister Construction Services as its construction manager.

Government & Public Policy

EDA streamlines, expands eligibility for municipal grant program for stranded assets

The state Economic Development Authority is expanding a program aimed at helping municipalities tackle vacant or underused commercial and retail properties in their towns.

Residential & Mixed Use

RPM launches final phase of high-end housing project at Fort Monmouth

RPM Development Group has debuted the final phase of its inventory at an upscale residential project in Oceanport, part of the sprawling former Fort Monmouth property.