Top News

Industrial
NAI Hanson named leasing agent at new-look, 807,000 sq. ft. industrial complex in Newark

An investment group has hired NAI James E. Hanson as its leasing agent for more than 800,000 square feet of Newark industrial space, following the launch of a multimillion-dollar improvement project aimed at modernizing the well-known complex.

Health Care & Education
New Brunswick: RWJBarnabas, Rutgers join Devco to announce $750 million cancer pavilion

The state’s largest health system and Rutgers University have unveiled plans for a sweeping project in downtown New Brunswick — a $750 million, state-of-the-art cancer pavilion alongside one of New Jersey’s top-rated hospitals.

Policy Page
Improved transit is key to New Jersey’s future

Legislation was enacted last November that requires NJ Transit to establish an office of real estate economic development and transit-oriented development to assess all its properties and annually recommend how best to increase NJT’s non-fare revenues. The goal is to enable NJT to have more funds to invest in its operations, maintenance and capital projects in order to improve performance for bus, rail and light rail passengers.

Residential & Mixed Use
C&W: Buyer wanted for 126-unit rental project at historic Hackensack site

An investment group is seeking a buyer for what will become a two-building, 126-unit luxury apartment complex at the site of a historic bank tower in Hackensack.

Government & Public Policy
Newark developers, city leaders unveil long-awaited park project near Prudential Center

Developers and city officials gathered in Newark on Thursday to mark a milestone more than a decade in the making — the opening of a new public park adjacent to the Prudential Center, setting the stage for a wave of new investment between the arena and Newark Penn Station.

Residential & Mixed Use
Developers, officials hail completion of key redevelopment project in Red Bank

A joint venture has unveiled a boutique apartment building in downtown Red Bank, bringing new life to a long-vacant site and paving the way for additional redevelopment in the borough.

Office
Mack-Cali will evaluate business plan, explore possible sale with new committee

Mack-Cali Realty Corp. will form a committee of independent directors to review the company’s efforts to reposition its portfolio, while exploring a potential sale of the business or any of its properties in the wake of an ongoing proxy fight with activist investors.

Office
Denholtz announces rebrand, relocation to new headquarters in Red Bank

The development and investment firm long known as Denholtz Associates has unveiled a new name and a new corporate headquarters to go along with what it says is a refocused strategy.

Residential & Mixed Use
SJP hits 60 percent leasing milestone at second Fort Lee rental tower

SJP Properties is touting a leasing milestone at the second of two 47-story residential towers in Fort Lee, part of a high-profile redevelopment at the foot of the George Washington Bridge.

Industrial
Bridge unveils plan for new 125,000 sq. ft. industrial project in Edison

Bridge Development Partners has completed its acquisition of a nearly 7.5-acre parcel in Edison, where it plans to build a new 124,560-square foot industrial facility.