NKF: New Jersey office market begins to thaw, despite continued uncertainty

Office leasing in New Jersey rebounded modestly in the third quarter, even as the pandemic continues to weigh on the market and fuels a sizable uptick in availabilities.

Avison Young named leasing agent at Metropark office building

The new owner of a nine-story office building in Woodbridge has tapped Avison Young as its leasing agent, following the brokerage team’s success at a large campus in Morris County.

AIG sells 471,000 sq. ft. Metropark office building for $140 million, C&W says

Insurance giant AIG has sold a 470,692-square-foot office building in Woodbridge for $140 million, in a transaction announced Friday by Cushman & Wakefield.

AIG to join growing tenant roster at Goldman Sachs tower, inking 230,000 sq. ft. lease

American International Group Inc. will lease a reported 230,000 square feet at the Goldman Sachs tower in Jersey City, marking the latest high-profile addition to the 40-story building.

Cliffside Park condo developer lands $64 million inventory loan

DMG Investments has closed on a $64 million inventory loan for its newly developed, 14-story luxury condominium building in Cliffside Park.

KRE Group, National close on $210 million loan for Journal Squared

Kushner Real Estate Group and National Real Estate Advisors have landed $210 million in permanent financing for the first phase of Journal Squared, a sprawling redevelopment in Jersey City that will bring three new towers with more than 1,800 apartments.

NKF: Large deals fuel Q2 surge for New Jersey office market

Despite new blocks of space hitting the market, New Jersey saw a long-overdue surge of large office leases in the second quarter — with signs that more are on the way.

Gold Coast condo project secures $71.6 million construction loan

The developer of a high-end, 14-story condominium tower in Cliffside Park has closed on a $71.6 million construction loan, as it marches ahead toward a planned opening date next year.

G.S. Wilcox brokers $44M in financing for developers

G.S. Wilcox & Co. has secured more than $44 million in financing tied to three recent transactions, including a $7 million loan for an industrial facility in Totowa.