Angelo, Gordon & Co. and Prism Capital Partners have stepped in to help complete a plan to convert a former Wonder Bread factory in Hoboken, bringing a $120 million recapitalization to the stalled residential project.
An apartment complex in northwest Hoboken has hit the market for sale, with brokers touting its value-add potential in a neighborhood that is attracting new construction and rent growth.
Accounting and advisory giant Ernst & Young LLP has opened the doors to its new 170,000-square-foot office and learning center in Hoboken, where it is among the largest tenants at SJP Properties’ waterfront business campus.
A global trade association has recognized Advance Realty with an accreditation tied to high standards of property management, placing it in the company of fewer than 550 firms worldwide.
Suburban office landlords who spruce up their buildings have seen tenants come calling, but continue to trail those offering space in urban locations and those served by mass transit.
Three properties in different Hudson County communities have changed hands for a combined $5.5 million, according to brokers with CBRE Group who marketed the buildings.
A joint venture has broken ground on a mixed-use project that will bring 424 new luxury apartments, a recreation center and a two-acre park to a swath of western Hoboken.
As residential high-rise construction continues to surge, developers and investors are keeping a watchful eye on rent growth and capital markets activity along the Gold Coast.
