Office
Newmark: With demand weakened by pandemic, New Jersey office market stumbles into 2021

Vacancy in the northern New Jersey office market grew for four straight quarters in 2020, even as a handful of industries showed the ability to withstand the effects of pandemic.

Finance & Capital Markets
Hoboken apartment owner refinances for $22 million, JLL says

The owner of a two-building, 50-unit apartment property in Hoboken has secured nearly $22 million in financing, in a transaction arranged by JLL.

Residential & Mixed Use
Developers, city officials taking a holistic approach as northwestern Hoboken grows

It may be the Mile Square City, but Hoboken still has room to grow. After creating mixed-use projects in the largely industrial western half, developers are focusing on the city’s northwestern corner, known as the North End. City officials are in favor of the growth, with a North End Redevelopment Plan in progress that focuses on a diversified tax base, open space and flood-resistant infrastructure. 

Residential & Mixed Use
Hoboken apartment building now 85 percent leased a year after opening

A new 424-unit luxury apartment building in Hoboken has reached another leasing milestone, thanks in part to a fall surge and continued demand for rentals along the Gold Coast.

Residential & Mixed Use
Prism: Hoboken ‘Wonder Lofts’ condo, apartment project slated for June 2021 delivery

Prism Capital Partners is eyeing a June completion date for its conversion and restoration of a historic Wonder Bread factory in Hoboken, where it will deliver 89 new residential units.

Government & Public Policy
Dresdner Robin helps secure zoning change for Hoboken medical marijuana dispensary

A proposed medical marijuana dispensary in Hoboken is moving forward after a series of zoning and neighborhood impact studies completed by Dresdner Robin.

Retail
Grid: Retail, restaurant tenants combine for 33,000 sq. ft. in Jersey City

Eight retail tenants are opening new locations in Jersey City, leasing a combined 33,400 square feet under a series of newly announced transactions by Grid Real Estate.

Top News
Deugen eyes fall completion for new childhood education, daycare center in Hoboken

An early childhood education and daycare center is expanding in Hoboken, adding a new 15,000-square-foot location at the site of a former furniture store.

Residential & Mixed Use
Bijou, Intercontinental hail 80 percent leased milestone at Hoboken apartment tower

Apartment dwellers are still bullish on western Hoboken, where a joint venture has now leased 80 percent of a new 424-unit luxury residential building.

Retail
Hoboken childcare center adds sixth location, leases 14,000 sq. ft. at 7 Seventy House

A childcare center is taking more than 14,000 square feet at the base of a new luxury apartment building in Hoboken, brokers with Cushman & Wakefield announced Tuesday.