Wonder Lofts opens new on-site sales office, model homes as first buyers move in

The team behind the newly restored Wonder Lofts property in Hoboken has officially opened the collection of upscale condominiums with its debut of an on-site sales office.

LCOR, NJ Transit seek to reopen historic ferry building as part of high-profile Hoboken project

Development firm LCOR is seeking to revitalize the long-dormant, two-story ferry terminal in Hoboken — envisioning uses such as event space, market-style retail and other concepts — in what could be the centerpiece of a plan to transform the city’s historic transit hub.

Faropoint sells multistate, 6.8 million sq. ft. industrial portfolio for $481 million

Investment firm Faropoint has sold a multistate, 6.8 million-square-foot portfolio of warehouse and light industrial properties for $481 million.

Joint venture buys 99-unit Hoboken property for $57 million, in JLL-brokered deal

Skylight Real Estate Partners and PCCP LLC have acquired a 99-unit, loft-style apartment building in Hoboken for nearly $57 million, in a deal arranged by JLL.

Out of the shadows

In this month’s cover story we highlights the plan to restore and reactivate the property’s long-dormant and long-vacant ferry terminal. The master development team at LCOR envisions it as a unique destination for commuters, city residents and visitors — and as the centerpiece of the plan called Hoboken Connect — which became clearer after I recently toured the space with the firm’s Brian Barry. The building’s second floor, with its 21-foot ceiling heights and a large, column-less floorplate stretching nearly 500 feet, has all the makings of such a destination and the potential to achieve one of LCOR and NJ Transit’s top objectives: opening the terminal to the public while enhancing the commuter experience.

Hoboken retail center owner refinances for $25 million, JLL says

The owner of a ShopRite-anchored retail property in Hoboken has refinanced the center for $25 million, according to a debt placement team with JLL.

Deugen welcomes new team members in construction, development roles

Deugen Development has announced four new hires to bolster its development and construction teams.

Hoboken rental property trades for $9 million, C&W says

The developers of a 16-unit apartment building in Hoboken have sold the property for $9 million, in a newly announced transaction by Cushman & Wakefield.

Developers release new $3 million penthouses at Hoboken’s Wonder Lofts

The developers of the distinctive Wonder Lofts condominium project in Hoboken have unveiled a pair of luxury penthouses starting at nearly $3 million.

Hoboken church finds new home after buying shuttered movie theater for $13 million

A local church has purchased a 20,000-square-foot former movie theater building in uptown Hoboken, in a newly announced transaction by Katz & Associates.