Top News

Residential & Mixed Use
FirstService picks up management contract in Monmouth

FirstService Residential has added to its property management portfolio in New Jersey with a new assignment in Monmouth County.

Government & Public Policy
Developers, state officials face dual task with Opportunity Zone projects

Amid the rollout of the new federal Opportunity Zone program, developers and public officials are trying to balance two key objectives: Identifying shovel-ready projects — allowing investors to maximize the tax benefits of the law — and steering capital to low-income areas that weren’t already attracting investment and may have higher barriers to entry. The state believes it can check both boxes with the right coordination and by layering in the subsidies that have helped revitalize many of New Jersey’s cities and downtowns.

Top News
HMFA awards $28 million in tax credits, supporting 1,400 affordable housing units

By Joshua Burd The state has awarded its latest round of funding under the federal Low Income Housing Tax Credit program, allowing developers to generate an estimated $270 million in private equity in support of more than 1,400 new affordable…

Residential & Mixed Use
Long-awaited senior living community on the horizon in Wyckoff, Hawthorne

A health care operator is marching toward the start of construction for a long-planned, 199-unit retirement community in Wyckoff and Hawthorne, in what will be the last major piece of its footprint within the two North Jersey municipalities.

Top News
NAIOP New Jersey launches ‘1 million meals’ campaign for Community FoodBank of NJ

NAIOP New Jersey has launched a campaign to raise more than $300,000 and provide 1 million meals for hungry residents and families in the Garden State.

Office
ON3: Prism planning speculative 150,000 sq. ft. lab building in Nutley

Amid continued demand for high-end research and development space, Prism Capital Partners is planning a new ground-up laboratory building at its ON3 campus in Nutley and Clifton.

Sponsored Content
Logistics users scramble for quality space

A drought in modern space options is rippling through the New Jersey Industrial market, creating challenges for logistics users while providing opportunities for developers. Class A availability has fallen to cycle lows of 5.5 percent, a far cry from last cycle’s peak when Class A availability reached 27.5 percent.

Roundtable
Where have commercial real estate investors and lenders found unexpected (or lesser-known) opportunities in 2018?

Where have commercial real estate investors and lenders found unexpected (or lesser-known) opportunities in 2018? We assembled a panel of industry experts to tackle our recent roundtable question.

Residential & Mixed Use
KRE Group debuts green space outside new Jersey City rental tower

Kushner Real Estate Group has unveiled a new public park outside its recently opened, 397-unit luxury apartment building in downtown Jersey City.

Residential & Mixed Use
New ‘town center’ project is anchored by health care, bucking traditional uses

For a project that will bring more than 400 new apartments and townhomes to Gloucester County’s largest town, a joint venture is banking on the demand for health care services as a key driver of the property and a potential model for other mixed-use projects in the state.