Top News

Residential & Mixed Use
Atlantic City: Design team touts upgrades at 153-unit affordable housing portfolio

The owner of three affordable housing properties in Atlantic City has unveiled a major renovation of the 153-unit portfolio.

Residential & Mixed Use
Belgiovine sworn in as NJBA president, helming five-member executive board

The New Jersey Builders Association has installed its new executive board, including a 45-year construction and real estate industry veteran as its president for the next 12 months.

Industrial
Greek files plans for 644,000 sq. ft. logistics facility at former Nabisco plant in Fair Lawn

Greek Development has revealed new details of its plan to bring modern industrial space to the former Nabisco plant site in Fair Lawn, where demolition is well underway.

Retail
LMC survey: Brick-and-mortar retailers see continued momentum, expansion in 2023

Brick-and-mortar retailers are largely optimistic about their prospects this year, according to an annual survey by Levin Management Corp., amid easing concerns about labor shortages and momentum built during a strong 2022.

Residential & Mixed Use
Veteran multifamily executive Penn kicks off two-year term as NJAA president

The New Jersey Apartment Association has elected a long-serving member and longtime property management executive in the state as its newest board president.

Health Care & Education
EDA approves $271 million tax credit for massive health, life sciences campus in New Brunswick

The state has approved a $271 million tax credit for a plan to build more than 570,000 square feet of research and academic space in downtown New Brunswick, including a new home for the state’s flagship medical school and facilities for startups and entrepreneurs.

Industrial
Rockefeller Group sells new Burlington County warehouse for $83 million

Rockefeller Group has sold a newly built distribution center in Burlington County for $83 million, securing a buyer that will occupy the nearly 346,000-square-foot building.

Finance & Capital Markets
Procida’s 100 Mile Fund achieves 2022 net income of $11.6 million, 9.5 percent return

The long-running 100 Mile Fund managed by Procida Funding LLC achieved net income in 2022 of $11.6 million, the firm announced, representing a net return to investors of 9.5 percent.

Residential & Mixed Use
Developer secures site plan approval for 150-unit rental project in New Brunswick

A developer has secured a key entitlement for a proposed 150-unit luxury apartment building in the heart of Rutgers University’s campus in downtown New Brunswick.

Residential & Mixed Use
Hampshire details plans, timeline for 70-unit rental project in Allendale

The Hampshire Cos. has unveiled plans for a new 70-unit apartment building in the Bergen County borough of Allendale.