Top News

Government & Public Policy
Incentives: A look at Murphy’s plans to streamline, cap subsidy programs

Gov. Phil Murphy detailed his plans to update the state’s incentive programs, speaking Wednesday during an event in Jersey City. — Courtesy: Edwin J. Torres/Governor’s Office By Joshua Burd After lashing out at New Jersey’s high-profile tax credit incentives, Gov.…

Residential & Mixed Use
KRE Group, Lyft announce partnership at new Jersey City rental building

Kushner Real Estate Group has named Lyft as its official ride-share partner at a new luxury apartment building in Jersey City, providing residents with discounted fares and other perks.

Government & Public Policy
RPM earns county planning award for housing project at Fort Monmouth

Monmouth County officials have recognized RPM Development Group for its role in transforming the historic Fort Monmouth property, following the opening of its 68-unit residential project at a historic officers housing complex.

Top News
Larken recaps 700,000 sq. ft. in leasing, new acquisitions in 2018

Larken Associates is touting a 20 percent increase in leasing activity in 2018, part of a year in which it also added two New Jersey shopping centers to its regional portfolio.

Residential & Mixed Use
Leasing underway at new 69-unit rental building in Somerville

Sterling Properties has launched leasing at its new 69-unit, luxury apartment building in downtown Somerville.

Industrial
Colliers: Interest remains high, but options still scarce in New Jersey industrial market

A lack of new supply in New Jersey’s industrial market led to a year-end slowdown in leasing — despite high demand — setting up another year of robust activity for newly built warehouse and logistics space.

Industrial
New 55,000 sq. ft. flex building coming to Morris Plains, Resource Realty says

A new light industrial building is nearing completion in Morris Plains, filling a need for small and midsized users seeking modern space in the surrounding area.

Industrial
Bridge, DHPH detail plans for four-story distribution center in Brooklyn

Bridge Development Partners’ New Jersey-based team and DH Property Holdings have acquired an 18-acre site in Brooklyn, where they plan to develop a four-story distribution center with up to 1.3 million square feet of prime industrial space.

Office
Joint venture acquires Gateway 1, 2 and 4 in Newark, plans concourse transformation

A joint venture has acquired 1, 2 and 4 Gateway Center in Newark, bringing 1.6 million square feet of office space under a common ownership and paving the way for a sweeping, multimillion-dollar plan to modernize the complex’s concourse and streetscape.

Government & Public Policy
NAIOP: Comptroller report only reinforces need for updated incentives in New Jersey

New Jersey’s use of tax incentives drew harsh criticism from a new audit by a state watchdog agency, but commercial real estate leaders say they welcome the scrutiny — and see it as a step toward updating and renewing the programs later this year.