Residential & Mixed Use
EDA pledges $200 million Aspire tax credit for mixed-use ‘NJPAC District’ project in Newark

A sweeping plan to expand the New Jersey Performing Arts Center campus in Newark has secured a 10-year, $200 million tax credit award under the state’s Aspire program, in a key step for a project that would include 350 apartments and new commercial and community spaces.

Residential & Mixed Use
New 33-story tower in Newark by Boraie, Shaq on track for spring 2023 delivery

Boraie Development has reached a key milestone in its construction of a 370-unit apartment tower in downtown Newark, with plans to debut the building next spring under its latest partnership with city native and basketball legend Shaquille O’Neal.

Office
Newmark: Availability grows in North Jersey office market, despite improved outlook

The amount of available office space in New Jersey grew further in the second quarter, despite leases by technology and life sciences tenants and signs of improvement on the horizon.

Office
NKF: New Jersey office market stalls in Q2 as tenants grapple with COVID crisis

Office leasing in New Jersey slowed significantly in the second quarter, with renewals and extensions accounting for most of the activity as tenants navigated the coronavirus crisis.

Residential & Mixed Use
New Brunswick PAC, ‘the best example of what redevelopment can do,’ opens its doors

The long-awaited New Brunswick Performing Arts Center has opened its doors, marking the debut of a $172 million, mixed-use project that is poised to transform the city’s acclaimed arts district.

Industrial
Rockefeller, PCCP sell Piscataway logistics building for $65.7 million

Rockefeller Group and PCCP LLC have sold a Piscataway distribution center for $65.7 million, their latest sale of a building within a 2.2 million-square-foot industrial development.

Office
Mack-Cali closes on 272,000 sq. ft. office tower in Metropark, C&W says

Mack-Cali Realty Corp. has completed its acquisition of a nearly 272,000-square-foot office building in Woodbridge, adding to its holdings in the Metropark submarket.

Residential & Mixed Use
Woodbridge, HMFA unveil new 57-unit affordable housing community

Developers have completed a nearly $12 million affordable housing project in Woodbridge, delivering 57 units that will be reserved for seniors and homeless residents.