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.

Health Care & Education
CBRE: Child care center signs 13,000 sq. ft. sublease in Hoboken, eyes opening

An early childhood education center is preparing to open its second location in Hoboken, having signed a 13,000-square-foot sublease in the city’s northern end.

Residential & Mixed Use
Developers near lease-up of 424-unit Hoboken rental property

A joint venture has all but completed its lease-up of 424 new high-end apartments on Hoboken’s burgeoning west side.

Professional Services
Affordable housing consulting firm names new principal

A Hoboken-based development and consulting firm has a new co-owner after a recent promotion within its executive team.

Finance & Capital Markets
JLL: Ironstate inks $91 million loan package for Hoboken rental buildings

Ironstate Development has landed more than $90 million in financing for a pair of luxury apartment buildings in northern Hoboken, in a transaction arranged by JLL.

Residential & Mixed Use
Joint venture hails latest leasing milestone at Hoboken rental building

Bijou Properties is touting a strong finish to 2020 at its recently developed, 424-unit luxury apartment building in western Hoboken.

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.