Top News

Industrial
CBRE: Rent growth shows no signs of slowing in N.J. industrial sector

Average asking rents across the state’s booming industrial market have eclipsed $6.50 per square foot, continuing a steady climb that is now five years and counting.

Residential & Mixed Use
Mack-Cali, Ironstate building in Jersey City hits leasing milestone

Renters have flocked to the distinctive 762-unit residential tower known as Jersey City Urby, bringing the building to nearly full occupancy only eight months after opening.

Industrial
Bridge details blockbuster industrial sale to Duke Realty

Bridge Development Partners has reaped more than $500 million from the sale of a 3.4 million-square-foot industrial portfolio, including more than 2 million square of space in New Jersey.

Residential & Mixed Use
HFF: Investors acquire AvalonBay community in Mercer County

AvalonBay Communities Inc. has sold a 312-unit apartment complex in Lawrenceville for nearly $90 million, marking the developer’s second sale of a New Jersey property in recent weeks.

Retail
Pilates chain set to continue rapid expansion in N.J., Ripco says

A fast-growing Pilates chain has added roughly 20 locations in New Jersey in the past two years, with plans to add at least another 10 in the state as part a continued nationwide expansion.

Office
JZA+D reveals upgrades at 120,000 sq. ft. Princeton office building (PHOTOS)

An architecture firm has unveiled its newly completed redesign of a building in the Carnegie Center office campus, following two years of renovations at the 120,000-square-foot property.

Residential & Mixed Use
Fields launches leasing at new 255-unit rental building in Jersey City (PHOTOS)

A developer is set to debut a new 255-unit luxury apartment building in the Paulus Hook section of Jersey City, touting an infusion of rental units in a neighborhood dominated by brownstones.

Policy Page
A regulatory framework for our new administration

As our next governor focuses on making our state more affordable for both businesses and residents, it would make sense to ramp up efforts to cut red tape by eliminating ineffective rules and empowering qualified private-sector professionals to handle more administrative work, technical reviews and project approvals.

Office
Vision Real Estate Partners touts purchase of ex-Honeywell HQ site in Morris County

A joint venture led by Vision Real Estate Partners has acquired a 64-acre swath of the former Honeywell International headquarters site in Morris Township, paving the way for a redevelopment plan that could produce more than 700,000 square feet of new office space.

Office
Normandy, Yeager sell downtown Summit office buildings for $109 million

A well-known joint venture has sold three high-end office buildings in Summit for a combined $109 million, reaping the benefits of a plan to invest in the city that goes back to 2011.