Gov. Phil Murphy has named a new board chair of the Economic Development Authority, tapping a fellow former Goldman Sachs executive as part of his plan to overhaul the agency.
NKF: New Jersey office leasing hits two-year high for absorption
New Jersey’s office market is riding high from a series of blockbuster leases over the summer, recording its highest quarterly increase in net absorption in two years.
Building boom, condo tower put Jersey City on the map in skyscraper study
The development boom along the Hudson waterfront has put Jersey City in rare company, making it one of only 18 U.S. cities with at least five skyscrapers. That’s according to a recent study of high-rise architecture by Yardi Matrix, a commercial real estate research and data platform, which also found that Jersey City currently has the fourth-tallest building under construction in the U.S. That project, 99 Hudson, is a 79-story luxury condominium tower that is slated to rise 889 feet when it opens next year.
Triple Five completes $1.1 billion bond sale needed to reboot American Dream
The developer of the American Dream project in the Meadowlands has assembled the nearly $3 billion financing package needed to complete the massive retail and entertainment complex, allowing it to resume construction and look ahead to a March 2019 opening.
Triple Five secures $1.67 billion construction loan for American Dream project
The developer of the American Dream project in the Meadowlands has closed on $1.67 billion in private financing, allowing it to “aggressively move forward” with construction after months of delays at the notoriously stalled retail and entertainment complex.
Former Goldman VP joins REDCOM sales team
REDCOM Design & Construction LLC has bolstered its sales team with the addition of a former Goldman Sachs vice president.
Reinventing J.C. waterfront is key to office leasing, panel says
Demand for Class A office space is surging along the Hudson waterfront. But commercial landlords in Jersey City are anything but satisfied.
JLL seeking office tenants for historic Newark building
The development team that is restoring the former Hahne & Co. building in Newark has hired JLL to market the remaining office space in the soon-to-be-transformed landmark.
