Top News

Developers hit leasing milestone for new 99-unit Journal Square rental building

A joint venture has rented 75 percent of a new 99-unit luxury apartment building in Jersey City after the launch of leasing late last fall.

Retail

Paris Baguette adds Red Bank location, its seventh in New Jersey

Bakery café concept Paris Baguette has added to its footprint in New Jersey with the opening of a new location in downtown Red Bank.

Professional Services

Steady hands: How Genova Burns is helping real estate clients navigate rising rates, market shifts

Genova Burns, home to one of the state’s most prominent real estate practices, is as busy and as integral to the industry as it was before the pandemic and before the Federal Reserve began to raise interest rates last year. Increasingly, though, the Newark-based firm is helping clients either play defense or guide them through this period of uncertainty.

Finance & Capital Markets

JLL suburban tristate capital markets team inks $4.7 billion in 2022 sales

Brokers with JLL’s suburban tristate capital markets team are forecasting a busy 2023 after a year in which they completed some $4.7 billion in sale transactions.

Wellness practice grows at Mission 50 co-working, office building in Hoboken

A holistic health and wellness practice is expanding its footprint in Hoboken as a tenant at the co-working and business center known as Mission 50.

Office

Campbell set to begin $50 million renovation of historic Camden headquarters

Campbell Soup Co. is planning a $50 million overhaul of its iconic headquarters in Camden as part of a move to consolidate its office-based employees from outside New Jersey.

Residential & Mixed Use

Diversified buys 10 acres in Jefferson slated for new upscale apartments

Diversified Properties has acquired nearly 10 acres in Morris County where it now plans to build 32 new apartments as the first piece of a multiphase redevelopment.

Government & Public Policy

Rutgers launches study on parking usage at multifamily sites, seeking updated state guidelines

The Rutgers Center for Real Estate has launched a study that it hopes will capture real-time data on parking usage at residential properties in New Jersey, as it pushes for updates to the decades-old standards that towns and cities use to guide land use and redevelopment.

Residential & Mixed Use

Sale of 150-unit Central Jersey rental complex caps $1.47 billion year for Gebroe-Hammer

A garden-style apartment complex with more than 150 units has changed hands in central New Jersey, in a deal arranged by Gebroe-Hammer Associates, capping a year in which the firm brokered nearly $1.5 billion in multifamily investment sales.

Industrial

Woodmont, EverWest detail renovation, expansion of South Brunswick warehouse

Construction is underway on a plan to overhaul and expand a South Brunswick industrial building, under a project by Woodmont Industrial Partners and EverWest Real Estate Investors.