Features
Marcus & Millichap brokerage team perseveres in pandemic, riding high after banner year
A brokerage team has started 2021 with strong momentum after not only withstanding the COVID-19 crisis, but having its best year since joining forces under the Marcus & Millichap banner.
Revival of iconic Paterson stadium on the horizon, with hometown developer at the helm
A plan to restore and reopen Paterson’s historic Hinchliffe Stadium is now within reach, as the project moves ahead under a team led by a hometown developer, in an effort that will also honor the site’s history as a Negro League baseball stadium. The mixed-use project could even become a focal point for redevelopment in Paterson, which has lagged behind other large New Jersey cities that have seen high-profile, public-private revitalization efforts.
Institutional buyers, able to see past short-term uncertainty, still finding value in New Jersey
After treading lightly for much of the past year, institutional investors appear poised to accelerate their commercial real estate spending in 2021. New Jersey and other suburban markets could benefit in the near term as buyers await the return of New York City — especially in an apartment sector that is regaining its footing after stumbling during the pandemic.
Larken sees towns in central, western New Jersey as growth markets for luxury rentals
Larken Associates has ramped up its multifamily development pipeline in recent years, as it looks to bring upscale apartments and amenities to lesser-known suburban submarkets.
Daughters of longtime North Jersey developer set to unveil family’s latest project
A well-known family development firm is nearing completion of a 214-unit apartment complex in North Bergen, in what will be its first project with a second generation at the helm.
