Page 5 - RE-NJ March 2022
P. 5
REALESTATENJTM 3
CONTENTS
MARCH 2022
Features
14 Rental Rush
Investors chasing value-add apartment deals,
as demand for workforce housing swells
16 New Connections
Denholtz unveils luxury rentals, retail space
in latest investment in Red Bank
18 Hidden Value
Historic buildings, untapped downtowns driving growth of Prism residential platform
Departments
6 The Briefing
Partnership sells Jersey City office building for $300
million, plus other top stories in commercial real estate
10 Deal Sheet
A roundup of CRE leases, sales and finance
12 Policy Page
Untethered work: What’s driving office change
20 People on the Move New hires and executive moves
ON THE COVER: Avenue & Green, a 232- unit apartment building in Woodbridge, is the latest addition to Prism Capital Partners’ luxury residential portfolio. The firm has delivered nearly 1,000 multifamily units since 2013, building its platform with a creative, methodical and resourceful approach to development. — Courtesy: Prism Capital Partners
COUNT ON OUR CAPITAL. BUILD YOUR BUSINESS.
Walter Sierotko, EVP 732.726.5420
TOTAL TEAM
LENDING
COMMITMENT YOU CAN COUNT ON.SM
RECENTLY FINANCED
$18,000,000 $16,500,000 $8,900,000
INDUSTRIAL CONSTRUCTION LOAN OFFICE BRIDGE LOAN OFFICE/RETAIL CONSTRUCTION PERMANENT LOAN
PISCATAWAY, NJ RED BANK, NJ SUMMIT, NJ
www.Provident.Bank
