Top News

Bank of America expanding to 548,000 sq. ft. at Jersey City’s Newport Tower

Bank of America has leased nearly 550,000 square feet along the Jersey City waterfront, in an expansion that marks one of New Jersey’s largest office deals in recent memory.

Office

SJP tops out new Sanofi office building in Morristown, eyeing early 2025 delivery

Sanofi’s new 260,000-square-foot office building in downtown Morristown is on track to open early next year after the recent completion of vertical construction by SJP Properties.

NJBA installs Tantleff as board chair, pledging continued focus on housing affordability

The New Jersey Builders Association has installed Debra Tantleff as its new board chair, tapping a key figure in the industry as it prepares for a new year of advocacy and education for thousands of professionals involved in housing construction.

Office

Occupancy at Bell Works surges to 99 percent as landmark property marks 10th anniversary

The landmark Bell Works complex in Holmdel is all but fully leased after a flurry of activity in 2023 involving nearly two dozen companies.

Real Estate NJ’s 2024 Market Forecast

After finding its footing in the pandemic, the commercial real estate market was back on its heels by late 2022 thanks to fast-rising interest rates and fears that the worst is still to come. Developers, investors and other industry stakeholders in New Jersey are now bracing themselves for more uncertainty in 2023, as they also prepare to seize the opportunities that often come with economic distress.

Residential & Mixed Use

‘Mildred’s Bridge’ apartments to support prisoner re-entry in Newark — while honoring longtime city council president

A new apartment building for prisoners who are re-entering the community is coming to Newark, one that will honor one of the city’s most revered and trailblazing public servants.

Government & Public Policy

Murphy signs law to revive unused liquor licenses, ease restrictions on craft breweries

Gov. Phil Murphy has signed a bill to update the state’s nearly century-old liquor license laws, seeking to activate nearly 1,400 dormant retail licenses and expand the supply of an asset that many see as critical to economic development.

Government & Public Policy

Community solar program benefiting property owners, residents set to expand under new law

State officials are doubling down on a program that has brought solar panels to warehouses across New Jersey while creating low-cost clean energy for thousands of residents.

Health Care & Education

Prism touts construction progress as steel rises for new HMH medical facility at ON3

A new 80,000-square-foot ambulatory care center is rising in Clifton as part of what will be another addition to Prism Capital Partners’ mixed-use ON3 campus.

Industrial

Report: TJX leasing 1.3 million sq. ft. at Kingsland Meadowlands industrial park

The parent of T.J. Maxx, HomeGoods and Marshalls has leased nearly 1.3 million square feet of industrial space in the Meadowlands, marking the first deal at a massive campus being built by Russo Development and Forsgate Industrial Partners.