Page 7 - RE-NJ

CONTENTS
TM5
Features
14 Easy Access
Profeta lands approvals for 1.1 million sq. ft. industrial project at New Jersey Turnpike Exit 8
16 Looking Ahead
With new $100 million rescue capital fund, Denholtz
sees long-term value in solving short-term challenges
20 Going Greener
From rainwater recycling to composting, apartment
builders see a new frontier in sustainability
24 Scaling Up
Demand soars for ‘community solar’ projects on warehouses, as state program enters new phase
MARCH 2024
Departments
8 The Briefing
Veris to sell Harborside 5, its final office building,
plus other top stories in commercial real estate
12 Deal Sheet
A roundup of CRE leases, sales and financing
28 People on the Move New hires and executive moves
32 Roundtable
How is Gen Z influencing design or construction
choices for new apartment buildings?
ON THE COVER: Birch House, a new 337-unit apartment building in Jersey City, has abundant green space and systems for composting and rainwater collection, among other eco-conscious features sought by Halpern Real Estate Ventures. — Rendering by Minno & Wasko Architects and Planners
RESCUE
CAPITAL
SOLUTIONS
FOR OWNERS, BY OWNERS
By partnering with Denholtz Properties, owners and developers can unlock the capital they need to achieve their real estate goals. Each rescue capital partnership is tailored to meet the unique needs and challenges faced by owners today including:
Operating deficits
Challenges in refinancing of current debt Potential sale proceeds not meeting proformas Cost overruns
Weaker leasing than underwriting
DenholtzRescueCapital.com