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Government & Public Policy
Morristown, Silverman Group reach $5.5 million settlement in lawsuit over scuttled Deloitte deal

Morristown will pay $5.5 million to settle a lawsuit with the Silverman Group after the developer alleged the mayor thwarted a deal to bring Deloitte LLP to one of its properties, instead steering the accounting giant to its eventual home at the M Station campus.

Government & Public Policy
New affordable, supportive housing taking shape near hospitals with help of HMFA program

The first projects have arrived under a state program aimed at creating affordable and supportive housing near hospitals — providing shelter and other services while reducing the burden on local health care institutions — as officials eye continued growth for the program.

Residential & Mixed Use
RHO Residential marks five years since founding, touting record growth year for North Jersey property management business

Property management firm RHO Residential is seeing its best year of growth as it marks the fifth anniversary of its founding, as it looks to execute leasing at five new North Jersey apartment properties totaling more than 600 units by midyear.

Residential & Mixed Use
Vida Capital eyes launch of leasing at new 44-unit Bayonne rental property

Commercial real estate firm Vida Capital is set to unveil a new 44-unit luxury apartment building that has brought new life to a former industrial property in Bayonne.

Industrial
NorthPoint breaks ground on 955,000 sq. ft. Salem County warehouse, Peak Construction says

Construction is underway on a project that will bring nearly 955,000 square feet of new industrial space to the Salem County township of Pilesgrove.

Office
Sheldon Gross sells 24,000 sq. ft. office building, final piece of family’s 300-acre tract in Wall

The family of the late Sheldon Gross has sold an office building in Wall Township, the final piece of a 300-acre tract that the well-known real estate executive had developed or sold in phases during six decades of ownership.

Office
Investment firm takes ownership of Short Hills office buildings, taps JLL as leasing agent

An investment manager has taken ownership of two well-known office buildings in the Short Hills section of Millburn, having tapped JLL as its leasing team for the properties.

Residential & Mixed Use
Fields Grade, Ursa debut 336-unit rental property in burgeoning Jersey City neighborhood

A new luxury apartment building is hitting the market in Jersey City, bringing another 336 units to a former industrial area that’s now a burgeoning residential neighborhood.

Industrial
Resource Realty: Orthotic footwear maker adds 136,000 sq. ft. in three Bergen County deals

A manufacturer of orthotic footwear is expanding with the help of Resource Realty of Northern New Jersey, having leased nearly 136,000 square feet of industrial space in recent months.

Residential & Mixed Use
Denholtz starts construction on waterfront residential project in Atlantic Highlands

Denholtz Properties has broken ground on a collection of 16 luxury homes in Atlantic Highlands, seeking to lure buyers with what it describes as Nantucket-style living along Sandy Hook Bay.