Top News

State Supreme Court takes up latest affordable housing case

New Jersey’s decades-long battle over affordable housing policy is heading back to the state Supreme Court, which has opted to hear an appeal for the latest dispute over how those obligations are calculated for local governments.

Office

Co-working space coming to 2 Gateway in Newark

The owners of 2 Gateway Center in Newark have carved out a new 2,000-square-foot co-working space, part of an effort to bring a diverse mix of uses to its bustling concourse.

Office

Normandy, Yeager tout new leases at Summit office building

Developers have brought an office building in downtown Summit to full occupancy within a year of acquiring and starting renovations on the 128,000-square-foot property.

The Rundown

Christie details makeover to state gov’t footprint in Trenton

The Rundown: Three buildings that house state agencies in Trenton will be torn down to make way for two new structures, with the goals of streamlining the government’s footprint in the city and clearing a path toward private development.

The Rundown

Group threatens lawsuit over American Dream bond sale

A group opposing the American Dream Meadowlands project is suing stop it from getting more than $1 billion in bond financing it needs to be completed, according to published reports.

Industrial

Tulfra hires NAI Hanson to manage 11 buildings

NAI James E. Hanson has added to its property management division with an 11-building, 670,000-square-foot portfolio owned by Tulfra Real Estate.

Retail

R.J. Brunelli named broker at four central N.J. properties

Retail broker R.J. Brunelli & Co. LLC has landed four new assignments in central New Jersey, including new retail sites in Middlesex and Somerset counties and an existing shopping center in Freehold.

The Rundown

Atlantic City real estate values plunge amid resort’s struggles

THE RUNDOWN: Like its gaming revenue, property values in Atlantic City have plummeted over much of the past decade. That’s according to a new story by The Press Atlantic City, which found that total property assessments in the city have fallen from more than $20 million in 2008 to roughly $7 million today.

Finance & Capital Markets

Upgrades planned for historic Union City artist lofts complex

An investment and development firm has acquired the historic Silk Mill Lofts property in Union City, with plans to spend millions on upgrades in order to boost occupancy at the artist-work complex.

Retail

Macy’s to ID stores slated for closure in early 2017

The list of which Macy’s stores will be closed in the latest round of cost-cutting by the retailer will be unveiled soon after the holiday shopping season.