Government & Public Policy
NJAA’s Trani promoted to manager of education
The New Jersey Apartment Association has promoted Alexa Trani to manager of education, with a focus on expanding the organization’s professional development platform.
Investor acquires 321-unit affordable housing tower in Camden, eyes $104 million rehab plan
Hudson Valley Property Group is planning a major preservation and rehabilitation of Northgate Apartments at 433 North 7th St. in Camden, with plans calling for site infrastructure upgrades, mechanical system replacements and many in-unit bathroom, kitchen and...
Rutgers unveils full lineup for high-profile symposium, case study on distressed assets
The lineup is set for next week’s Rutgers Center for Real Estate symposium on distressed property, where some two dozen industry experts will tackle the issue through the lens of a detailed case study.
Another chapter
As you’ll read in this month’s cover story, the city of New Brunswick ended 2023 on a high note when Nokia announced that it would become the new home of its iconic Bell Labs division. The company, which will move from its historic campus in the Murray Hill section of Union County, plans to occupy a built-to-suit, 360,000-square-foot research tower at the new HELIX campus by 2028. It’s slated to do so under a lease with SJP Properties, which will build the facility in partnership with New Brunswick Development Corp., the project’s master developer, in a signature deal for the city and for the three-building, multibillion-dollar redevelopment project.
Cherry Hill farm parcel sold as open space for $3.9 million, Rose Commercial says
The township of Cherry Hill has acquired a 26-acre tract in the municipality for nearly $3.9 million, in a deal arranged by Rose Commercial Real Estate.
