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.

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.

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.

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.

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.

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.

C&W: Port submarkets riding high amid record cargo volume in New York, New Jersey

The Port of New York and New Jersey saw record container volume in 2022, making it the second-busiest U.S. shipping hub and signaling continued demand for area warehouse space.

CSG Law unveils new 120,000 sq. ft. headquarters in Roseland (SLIDESHOW)

Chiesa Shahinian & Giantomasi PC has opened the doors to its new 120,000-square-foot headquarters in Roseland, marking a new chapter in its 50-year history.

Red Bulls, Gensler detail plans for newly approved training campus in Morris Township

The New York Red Bulls have tapped Gensler as its lead architect for a long-awaited new training complex in Morris Township, where plans call for redeveloping a large piece of the former Honeywell International headquarters property.

Fairfield-based GZA expands platform, footprint with acquisition of Equity Environmental

GZA GeoEnvironmental Inc. has acquired Equity Environmental Engineering LLC, a provider of planning and environmental consulting services throughout the Northeast and Mid-Atlantic.