Deals
Investment group buys former Asbury Park YMCA building for $3 million, Barone says

Private investors have acquired a roughly 38,000-square-foot building in downtown Asbury Park for $2.95 million, in a newly announced deal by Barone Commercial Resources LLC.

Residential & Mixed Use
Leasing at Asbury Park’s SURFHOUSE starts strong as building welcomes first residents

Renters have arrived at a new luxury apartment property in Asbury Park after the launch of leasing by Starfield Cos., the developer that has revitalized large swaths of the city’s waterfront.

Residential & Mixed Use
Starfield debuts Asbury Park’s first luxury rental property, as landmark redevelopment plan continues (SLIDESHOW)

Starfield Cos. is marking its latest milestone in Asbury Park, unveiling a 226-unit luxury rental property that is the first of its kind in the historic Jersey Shore community.

Residential & Mixed Use
Inspired launches sales for new 112-unit upscale condo project in Asbury Park

Inspired by Somerset Development has kicked off sales for more than 100 new condominiums in Asbury Park, adding to the pipeline of luxury for-sale housing along the city’s iconic shoreline.

Residential & Mixed Use
JLL tapped to sell 98-unit apartment building near Asbury Park oceanfront

The owner of a 98-unit apartment building near the famed Asbury Park boardwalk is seeking a buyer for the property, according to a listing team with JLL.

Technology
Solar Landscape eyes next wave of growth after raising $847 million in debt, investment in 2024

Solar Landscape is planning a massive expansion of what is already the nation’s largest pipeline of rooftop solar projects for commercial buildings, having secured $847 million in project investment and financing in 2024.

Professional Spotlight
Solar Landscape

Solar Landscape is the leading commercial and community solar developer in the United States. We partner with the world’s largest real estate companies to develop, install, own and operate rooftop community solar projects on commercial and industrial rooftops. Our projects create revenue-generating opportunities for property owners and enable them to achieve sustainability objectives, while also providing solar benefits and discounted electricity to low-income community members.

Finance & Capital Markets
Starfield-led team lands $80 million construction loan for Asbury Park rental project, JLL says

A joint venture has snagged an $80 million construction loan for a project that will bring 226 luxury apartments and townhomes to Asbury Park’s waterfront redevelopment zone.

Residential & Mixed Use
JLL: Inspired completes $15 million land deal for 155-unit condo project in Asbury Park

Inspired by Somerset Development has closed on its purchase of a parcel in Asbury Park where it plans to build 155 high-end condominiums and retail space, brokers with JLL announced.

Technology
Solar Landscape plans more than 100 new hires in 2024 to support its rapid growth

Solar Landscape plans to add more than 100 employees in 2024, the Asbury Park-based firm announced, as it eyes continued growth and cements its place as a leading provider of solar energy to lower-income households across the state and nationally.