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.

LCOR reveals new-look office, apartment towers amid plan to transform Hoboken terminal

A developer has unveiled new details of a plan to transform the area around Hoboken Terminal, including a proposed 635,000-square-foot office tower and nearly 400 apartments alongside open space, infrastructure upgrades and a renovation of the historic transit hub.

Buyers of Hoboken office building land $184 million financing package, Meridian says

An investment group has secured nearly $184 million in financing for its recent acquisition of a prominent office building in Hoboken, in a deal arranged by Meridian Capital Group.

Deals by Planet Fitness, Phenix Salon Suites fuel recent retail leases by C&W

Cushman & Wakefield is touting the completion of 19 recent leases in New Jersey accounting for more than 120,000 square feet of commitments by retail and restaurant users.

JDA Group names vice president of operations after latest promotion

JDA Group LLC has announced another promotion on its Hoboken-based team, tapping a property manager as its new vice president of operations.