Top News

Residential & Mixed Use
Report: Developer aims to convert historic factory in Burlington County

A Brooklyn developer has acquired a former watchcase factory in Riverside, where it now hopes to convert the landmark building into 64 luxury apartments.

Professional Services
DMR completes design, build-out of construction firm’s HQ

A construction company is now occupying its new 30,000-square-foot headquarters space in Secaucus, following a design and build-out overseen by DMR Architects.

Industrial
New owner will convert Totowa pharma building after $11M sale

A buyer has paid $11 million to acquire a pharmaceutical manufacturing building in Totowa, where it now plans to retrofit the space into a warehouse and storage facility.

Office
Normandy sells Zoetis HQ building in Parsippany for $44M

A group led by Normandy Real Estate Partners has sold a Parsippany office building for $44 million, following a gut rehabilitation project that attracted a blue-chip pharmaceutical tenant.

Residential & Mixed Use
Developer opens new senior housing complex in Barnegat

The Walters Group has opened the doors to a new 70-unit age-restricted community in Barnegat, touting a project that was completed less than a year after it closed on the property.

The Rundown
Developer gets OK for ShopRite, apartments in New Milford

A narrow vote in New Milford has cleared the way for a developer to proceed with plans for a new shopping center and apartment complex in the borough, published reports said.

Retail
Report: Barnes & Noble, Rutgers bookstore coming to rehabbed Newark building

With the opening of Newark’s first Whole Foods on the horizon, the developers of the building that will house the grocery store have announced the addition of another national brand.

The Rundown
Lawmakers OK bill to impose casino license suspension

A bill that is headed to Gov. Chris Christie’s desk would impose a five-year casino license suspension on billionaire investor Carl Icahn, who owns the shuttered Trump Taj Mahal in Atlantic City.

The Rundown
Funding set to run dry for Atlantic City development agency

A state authority that redirects casino tax revenue into Atlantic City development projects is set to lose what has been a lucrative funding source for more than 30 years, raising questions about what its mission will be going forward.

Residential & Mixed Use
‘Uber does have a part to play’ in CRE, company official tells NAIOP members

Uber may have unveiled a new partnership with a New Jersey developer earlier this week, but it’s just one of the steps that the ridesharing service has taken — and is planning for the future — to work hand in hand with the real estate industry and other business sectors.

A company official detailed some of those other affiliations last week, speaking directly to a crowd of NAIOP New Jersey members and professionals in Elizabeth.