Top News

Residential & Mixed Use
Multifamily owners, experts debate path forward as interest rate hikes loom (SLIDESHOW)

Interest rate concerns have permeated the commercial real estate landscape in New Jersey and beyond — including the stalwart multifamily sector, which has enjoyed years of rent growth, low vacancy and strong absorption driven by wholesale demographic shifts. Investors and developers are now wrestling with how to forge ahead with deals and projects despite the uncertainty, as they wait to learn how many more rate hikes are still to come.

Residential & Mixed Use
Veris Residential rejects Kushner’s $4.3 billion takeover bid

Veris Residential Inc. has officially rejected Kushner Cos.’ $4.3 billion takeover bid for the Jersey City-based real estate investment trust, the company announced Thursday.

Health Care & Education
New Brunswick cancer hospital tops out, as leaders tout social impact of $750 million project

The future home of the state’s first freestanding cancer hospital is taking shape in downtown New Brunswick, where a crowd of business and political leaders gathered Wednesday to tout the progress of the city’s largest and most impactful development project to date.

Residential & Mixed Use
Hovnanian, Coldwell Banker Realty tout debut of Manalapan active adult community

Hovnanian has opened the first phase of a new active adult community in Manalapan, where it’s marketing a mix of single-family dwellings alongside Coldwell Banker Realty New Homes.

Residential & Mixed Use
Façade, pool renovations underway at 22-story condo building in Union City, Kratchman says

An extensive renovation of a 22-story residential building in Union City is underway, marking the start of a plan to modernize the 56-year-old property over the next several years.

Office
Pharma, life sciences users leading New Jersey office leasing in 2022, JLL finds

From leasing to new construction, pharmaceutical and life sciences firms remained a leading force in New Jersey’s commercial real estate market through the first three quarters of 2022.

Professional Services
Spiro Harrison changes name, adds veteran redevelopment attorneys as partners

Law firm Spiro Harrison has added redevelopment attorneys Brian M. Nelson and Kira S. Dabby, while announcing that it has changed its name to Spiro Harrison & Nelson LLC.

Office
Bergman touts TOBY awards for Rochelle Park office building, senior property manager

The Building Owners and Managers Association recently honored Bergman Real Estate Group for its efforts at a recently updated, 65,000-square-foot office building in Rochelle Park.

Residential & Mixed Use
Bijou, Accurate to partner in Montclair apartment project, in joint venture deal brokered by JLL

Development firms Bijou Properties and Accurate are teaming to build 74 luxury apartments in downtown Montclair, brokers with JLL announced Monday.

Technology
Connell, Brightcore debut 9,200 new solar panels at The Park in Berkeley Heights

The Connell Co. has unveiled a collection of more than 9,000 solar panels at its flagship campus in Berkeley Heights, the latest addition to the 185-acre property known as The Park.