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Industrial
Shalek brothers, identical twins, making their mark in low-coverage industrial, with ground-up development on the horizon

Identical twins Eric and Scott Shalek are building a portfolio of low-coverage and outdoor industrial storage sites in New Jersey after launching Ridgecut Road in early 2022, with plans to begin their first ground-up warehouse project later this year.

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Panepinto, Incheon City sign MOU to execute $5.1 billion development in South Korea

Panepinto Properties is embarking on another major project in South Korea, having agreed to spearhead a $5.1 billion mixed-use development near Seoul-Incheon International Airport.

Health Care & Education
DIGroup details reimagined amenity spaces at Lester Senior Living in Whippany

Jewish Community Housing Corp. has unveiled a host of new amenity spaces at a senior living campus in Morris County, following a project spearheaded by DIGroup Architecture.

Top News
A major caveat

Most people I speak to about the industrial sector have kept a level head about the market’s recent pullback, using words like “normalizing” or “moderating” after the high-flying days of about three years ago. That perspective is to be commended,…

Industrial
Greek: Construction begins for 216,000 sq. ft. Mount Laurel cold storage project

RL Cold and BentallGreenOak have broken ground on a nearly 216,000-square-foot cold storage warehouse in Mount Laurel, with Greek Design|Build spearheading construction on their behalf.

Residential & Mixed Use
Accurate’s new 185-unit rental property in Little Falls more than 90 percent leased

Development firm Accurate has nearly filled its new 185-unit luxury apartment property in downtown Little Falls and minutes from the township’s NJ Transit station.

Industrial
Hillwood, WDG break ground on 180,000 sq. ft. logistics project in Bordentown

Global development firm Hillwood has broken ground on a nearly 180,000-square-foot logistics center in Bordentown, its first in New Jersey under a newly opened office in the region.

Retail
Trio of drive-thru retail pad sites in Mercer, Somerset counties on the market, Pierson says

Three freestanding retail properties in Mercer and Somerset counties have hit the market for lease, each with a drive-thru, in a set of new listings by Pierson Commercial.

Residential & Mixed Use
Move-ins underway at new 336-unit rental property at Jersey City-Hoboken border

The first residents have arrived at a new 356-unit luxury apartment building at the border of Jersey City and Hoboken, its developers announced this week.

Industrial
Reports: Hartz scraps plan for logistics park, open space at sprawling Hercules site on I-80

Hartz Mountain Industries reportedly has dropped its plan to build a 2.5 million-square-foot industrial park in Roxbury — one that also called for hundreds of acres of open space — following considerable pushback from a contingent of local officials, residents and others.