Multifamily investment firm Morgan Properties has acquired a four-building, 1,030-unit apartment complex in Collingswood for $79 million.
Advance, DeBartolo start demolition of Morris County mall ahead of redevelopment (VIDEO)
Advance Realty and DeBartolo Development have started demolition at the aging, indoor retail complex along Route 10 in Roxbury, paving the way for a sweeping redevelopment of the property. When complete, the site will be home to a modern, 450,000-square foot power center with a mix of open-air spaces.
With residential leasing underway, HHG turns to next phases of Trenton redevelopment
A development firm has set its sights on what comes next in its redevelopment of Trenton’s iconic Roebling Steel complex: restoring an adjacent building that will result in 100,000 square feet of creative, industrial-style office space — which can effectively come with 10 years of free rent because of state tax credits.
All hands on deck: How Newark’s bid for Amazon HQ2 rallied landlords, city officials
While there are still months to go before Amazon reveals it selection for its HQ2 project, making the pitch has rallied developers and public-sector leaders in Newark in a way that the city hasn’t seen in recent memory. That show of unity was only amplified on Oct. 16, when Gov. Chris Christie announced that the state would officially support the city’s bid, even as several other cities in New Jersey jockeyed for the project.
Game-changer: Amazon has been a driving force in surging N.J. distribution market
There’s no ignoring Amazon’s impact on the state’s industrial sector since early 2013, when the company committed to building its first New Jersey fulfillment center in Robbinsville. Not only has Amazon absorbed at least roughly 9 million square feet of warehouse and distribution space since that time. It quickly emboldened other pure e-commerce players that were hesitant to establish a footprint in New Jersey, amid concerns over having to collect sales tax from customers if they had a physical location here.
