Meeting a need

There’s a group of towns in New Jersey that have the ultimate name recognition for those who live nearby or even those outside the state. As many of our readers can attest, Montclair is clearly one of those communities, with the vast selection of shops, restaurants and cultural spots that line its downtown and residents who are as engaged as any in the state. As you’ll read in this month’s cover story, Montclair is also increasingly popular with office tenants, but with a lack of Class A space, those requirements are largely going unmet. BDP Holdings aims to change that with a newly unveiled project known as The Iris, a proposed ground-up development that would include 124,000 square feet of office space, street-level retail and structured parking — all of it in the heart of the central business district.

Retailers see store growth, adaptation as key to competing in 2024, LMC survey finds

Retailers are increasingly focused on growth in the year ahead, with plans to open new stores and adapt their businesses in hopes of staying competitive.

Developers welcome first residents to 169-unit tower in historic Jersey City neighborhood

The first residents have arrived at a new 169-unit luxury apartment tower in Jersey City, following the launch of preleasing at the building last fall.

JLL: Owner-occupier seeking buyer for 169,000 sq. ft. light industrial building in Fairfield

The site of a nearly 170,000-square-foot light industrial building in Fairfield is on the market for sale, providing what brokers say is a value-add opportunity in a tight submarket.

CIS launches leasing at 154-unit affordable housing property in Marlboro

Leasing is underway at the newest affordable housing property developed by Community Investment Strategies Inc., a 154-unit complex in the Morganville section of Marlboro.

Hartz Mountain unveils new 262-unit upscale rental property in Weehawken’s Lincoln Harbor

Hartz Mountain Industries has taken the wraps off a new 262-unit luxury apartment property in Weehawken, in a high-profile addition to its acclaimed Lincoln Harbor neighborhood.

Veris under contract to sell Harborside 5, its final office building, for $85 million

Veris Residential Inc. is on the verge of shedding its one remaining office building, a nearly 1 million-square-foot tower in Jersey City that is under contract to sell for $85 million.

Boutique fitness chains are on the rise, providing a new source of demand for retail landlords

When it comes to fitness tenants, think smaller. That’s the mindset at shopping centers and downtown locations throughout New Jersey, as specialty fitness studios are increasingly finding favor with owners and customers.

Landmark Healthcare taps Lee & Associates to lease Elizabeth, Pemberton buildings

The owner of a two-building medical office portfolio in Union and Burlington counties has tapped Lee & Associates New Jersey as its leasing agent for the properties.

Profeta lands approvals for 1.1 million sq. ft. industrial project at New Jersey Turnpike Exit 8

PVP Exit 8 LLC, an affiliate of Paul V. Profeta & Associates Inc., has secured approvals to build 1.1 million square feet of new industrial space adjacent to the New Jersey Turnpike in East Windsor, capitalizing on a site that is a 45-second drive from the highway’s northbound lanes.