Marc Berson, revered philanthropist, developer and champion for Newark, dies at 79

Marc E. Berson, one of the state’s most prominent philanthropists and commercial real estate executives, who was a key figure in working to revitalize his native Newark, has died.

Procida completes first of eight final buildings at long-stalled Cherry Hill housing project

A team led by investor Billy Procida has completed the first of eight buildings that will help complete a long-delayed, 507-unit multifamily project in Cherry Hill.

Studio 1200’s Dougherty to receive AIA-NJ’s Architect of the Year award

AIA New Jersey has bestowed its 2023 Architect of the Year award on Nancy Dougherty, a managing principal of Millburn-based Studio 1200.

Faropoint secures investment from Invesco Real Estate, eyeing continued growth

Faropoint, the fast-growing investment firm focused on last-mile industrial properties, has sold a minority stake in its business to Invesco Real Estate.

Developer unveils 155-unit Newark rental project with affordable housing, space for artists

TAY Investments has opened a new 155-unit apartment building in Newark that will serve as a showcase for local artists and an infusion of housing near the Springfield Avenue corridor.

Genova Burns forms distressed asset task force amid uncertainty in lending, banking

Genova Burns LLC has launched a new task force to focus on distressed real estate assets, as clients navigate growing concerns around lending, banking and bankruptcy.

Alpine, Fields Grade launch preleasing at 169-unit rental tower in Jersey City

Alpine Residential and Fields Grade have all but completed their latest project in Jersey City, a 169-unit rental tower that will be the tallest in the city’s Bergen-Lafayette neighborhood.

Lee & Associates marketing Orange office building, land parcel for sale

The owner of an office building and adjacent land in Orange is seeking a buyer for the properties, in a newly announced offering by Lee & Associates New Jersey.

Business group to add 59 new trees at Exchange Place, in city’s largest planting of 2023

Dozens of new trees are coming to Jersey City’s Exchange Place district as the latest step in the overhaul of the downtown business and transportation hub.

JLL: Investor seeking buyer for repositioned 378,000 sq. ft. power center in Morris County

A major retail center in Morris County is on the market for sale after last changing hands in 2021 and a series of upgrades aimed at repositioning the property, brokers with JLL said.