Current Issue
Building momentum
The Museum Parc project is now taking shape around The Newark Museum of Art, as you’ll read in this month’s cover story, as a development team constructs two new buildings with a combined 250 mixed-income apartments, ground-floor retail and additional cultural spaces such as a vibrant, glass-enclosed gallery. The construction along Central Avenue is now about 50 percent complete, as anticipation builds for full delivery in early 2027.
Owners Council Q&A: Lance Bergstein
The market has really ebbed and flowed over the last 12 months. There were spurts of positive progress coupled with deterrents. I think this recent rate cut will help the macro environment but many of the fundamentals have remained the same. As a whole, the country is in an interesting political environment, which is perhaps more impactful to the economy than raw economic data.
Owners Council Q&A: Katie Kurtz
When I joined Denholtz in 2024, gridlocked capital markets and broad uncertainty made transacting difficult. At that time, the industry was waiting for the long-promised rate cuts that would unlock deal flow. Fast forward a year, and we’ve finally received the first of what should be a series of cuts. While the full impact will take time, I anticipate we will begin to see the pricing clarity that’s essential for the market to function. This shift gives me more optimism heading into 2026 than I felt at the close of last year.
Owners Council Q&A: Lou March Jr.
There’s a sense of cautious optimism across the industry. With that said, launching large-scale construction projects remains a challenge due to financing hurdles and broader economic headwinds.
Owners Council Q&A: Stefan Sansone
The market has stabilized compared to last year. While leasing velocity has tempered from its pandemic-era peak, we remain optimistic about New Jersey’s infill and functional industrial product.
