Top News

Residential & Mixed Use
Three-piece AVE portfolio hits the market for sale, recap

The owner of three AVE properties in New Jersey and Pennsylvania is seeking new investors or buyers, brokers with HFF said, touting a value-add opportunity with more than 800 units.

Finance & Capital Markets
Developer secures LIHTC financing for 84-unit Newark project, Day Pitney says

A developer is tapping into the federal Low Income Housing Tax Credit program as part of a planned 84-unit, mixed-income rental project in Newark, in one of several recent transactions announced by Day Pitney LLP.

Residential & Mixed Use
NJPAC, city leaders hail One Theater Square’s opening in downtown Newark

Stakeholders gathered Wednesday to mark the opening of a new 22-story residential tower in downtown Newark, the city’s first ground-up luxury high-rise in more than 50 years and the first tangible piece of a plan to develop the property around the New Jersey Performing Arts Center.

Residential & Mixed Use
Developers tout completion of 227-unit Aberdeen complex (SLIDESHOW)

BNE Real Estate Group and Highview Homes have completed their redevelopment of a site at the Aberdeen-Matawan train station, unveiling the final building in a 227-unit luxury rental community.

Residential & Mixed Use
Mill Creek opens new regional office in Jersey City

Mill Creek Residential has opened a new regional office in Jersey City, where it plans to support its continued growth in New Jersey and New York.

Residential & Mixed Use
Extell launches leasing at new 151-unit Barnegat project

A developer has unveiled 151 age-restricted apartments at a mixed-use project in Barnegat, where it has also begun to welcome new retailers.

Government & Public Policy
Murphy details plans to revamp Grow New Jersey, ERG programs

Amid his sweeping plan to spur a new wave of innovation in the state’s economy, Gov. Phil Murphy has offered a glimpse at what could come of the incentive programs that have helped bolster New Jersey’s commercial real estate market in recent years.

Office
NKF: New Jersey office leasing hits two-year high for absorption

New Jersey’s office market is riding high from a series of blockbuster leases over the summer, recording its highest quarterly increase in net absorption in two years.

Office
Sale of former Merck campus in Whitehouse Station complete, UNICOM says

A California-based IT services firm has closed on its purchase of the former Merck & Co. headquarters campus in Readington, where it now plans to establish a regional headquarters.

Professional Services
Garibaldi plans rebrand, expanded focus as it marks its centennial

As The Garibaldi Group prepares for its 100-year anniversary, the firm is making a push to recast itself and expand the services it provides to the commercial real estate industry — including a major rebrand that it will unveil this fall, new strategic hires and a continued push into the tech sector, one that was largely sparked by its experience at Bell Works.