Office buildings within the state’s transit hub market record lower vacancy rates and higher rents compared to suburban spaces, according to JLL’s annual research report. Companies continue to pursue office space in proximity to walkable amenity-rich areas and with access to mass-transit options for their workforces and clients.
A joint venture has closed on a $64 million loan for its plans to convert a historic Wonder Bread factory in Hoboken into an 89-unit luxury residential building.
For all of the appeal of having office space near a train station, eight of New Jersey’s best-known “transit hub” submarkets took a collective step back in 2017, although they continue to stand apart from the state’s suburban highway corridors.
Marchetto Higgins Stieve Architects has announced two promotions, including the appointment of a new partner.
Advance Realty has unveiled the first phase of its plan to renovate and enhance a 128-unit luxury apartment in uptown Hoboken, following its acquisition of the property last year.
State officials could soon make a decision on key flood protection measures in Hoboken — one that could make or break a long-awaited, 2.3 million-square-foot redevelopment of the rail yards at the southern edge of the city.
An investment group has made its first foray into Hoboken, acquiring a 37-unit uptown apartment building from a longtime family owner.
SJP Properties has announced the creation of a new division within the firm, formalizing its push to expand its third-party development and construction management business.
A United Kingdom-based maternity and children’s clothing chain has picked New Jersey for two of its first U.S. stores, including locations in Hoboken and Montclair.