A real estate crowdfunding platform has made its first foray into New Jersey with an apartment building in East Orange, where an owner is seeking to recapitalize the property and tap into the demand for rental housing just outside New York City.
The state’s office market took a step back in the fourth quarter of 2016, according to new industry research, as leasing activity slowed and several large blocks of space hit the market.
Three Macy’s stores in New Jersey are among nearly 70 that will close nationwide this year, as the department store giant looks to streamline its costs and rethink its real estate strategy.
Industrial leasing in New Jersey kept up its torrid pace through the end of 2016, capping off a year that saw occupancy gains of more than 10 million square feet.
The owner of the shuttered Trump Taj Mahal in Atlantic City is reportedly seeking to give up its gaming license, a move that comes as lawmakers push to impose a five-year suspension on the operator in the wake of the casino’s closure.
A Brooklyn developer has acquired a former watchcase factory in Riverside, where it now hopes to convert the landmark building into 64 luxury apartments.
A construction company is now occupying its new 30,000-square-foot headquarters space in Secaucus, following a design and build-out overseen by DMR Architects.
A buyer has paid $11 million to acquire a pharmaceutical manufacturing building in Totowa, where it now plans to retrofit the space into a warehouse and storage facility.
A group led by Normandy Real Estate Partners has sold a Parsippany office building for $44 million, following a gut rehabilitation project that attracted a blue-chip pharmaceutical tenant.
The Walters Group has opened the doors to a new 70-unit age-restricted community in Barnegat, touting a project that was completed less than a year after it closed on the property.
