Retail
Blackstone buys majority stake in Jersey’s Mikes in deal reportedly worth $8 billion

Blackstone is acquiring a majority stake in Jersey Mike’s Subs, reportedly for some $8 billion, in a move aimed at continuing the Manasquan-based sandwich chain’s rapid growth.

Office
JLL: ‘Premier’ office buildings still shining in New Jersey with lower vacancy, higher rents than other Class A properties

Only a third of northern and central New Jersey’s top office buildings are less than 10 years old or have been significantly improved within that span — but their owners are reaping the benefits.

Event Coverage
Brighter days ahead: Panelists bullish on Jersey City office market amid historic Bank of America lease, continued residential boom

If there were ever a time for optimism — specifically for Jersey City’s embattled office market — it may as well come after a blockbuster 548,000-square-foot lease. That bullishness was evident Wednesday at the annual Jersey City Summit, where panelists were largely upbeat and confident that the submarket was due for a major uptick after several challenges in recent years.

Events
NAIOP celebrates the best in New Jersey commercial real estate, drawing 800 for 37th annual awards gala

The annual reception and networking extravaganza drew more than 800 industry leaders, as the chapter honored a series of key real estate players and transformative deals in New Jersey.

Events
NAIOP unveils Deal of the Year finalists for industrial, winners for office and mixed-use

NAIOP New Jersey has announced its Deal of the Year winners in the office and mixed-use categories as well as three finalists for the industrial sector, with plans to highlight the honorees at its 37th annual Commercial Real Estate Awards Gala in mid-May.

Office
New Jersey office market ‘poised for better times’ after strong Q4, as flight to quality continues, reports say

A recent spike in leasing demand has boosted New Jersey’s office market to start the year, even as large blocks remain available amid corporate downsizing and concerns about the economy.

Office
Bank of America expanding to 548,000 sq. ft. at Jersey City’s Newport Tower

Bank of America has leased nearly 550,000 square feet along the Jersey City waterfront, in an expansion that marks one of New Jersey’s largest office deals in recent memory.

Residential & Mixed Use
Winn, ART-JIUS open 74-unit affordable housing project at historic Paterson mill site

A development team has unveiled 74 new apartments in Paterson as part of a project that included new construction and the restoration of a historic mill property.

Residential & Mixed Use
Pennrose debuts new affordable housing in Glassboro for seniors, residents with disabilities

Pennrose has unveiled 64 new apartments in Glassboro for seniors and individuals with disabilities, following its $20 million redevelopment of a former public housing complex.

Retail
Marcus: Net-leased Bank of America property in Clifton trades for $3.8 million

Marcus & Millichap has negotiated the sale of a 4,450-square-foot, net-leased Bank of America property in Clifton, the brokerage firm announced Tuesday.