Time to shine

By many accounts, industrial outdoor storage is now having its own moment. As you’ll read in this month’s cover story, the once-niche asset class is now among the fastest-growing in terms of its appeal to institutional capital and larger-scale users. New Jersey is no exception, with a buyer pool that seems to grow more crowded and more competitive by the month, and it stands to continue in a region that is well-positioned to serve not only trucking companies — long synonymous with low-coverage sites — but an evolving tenant base that includes contractors, building material suppliers, auto dealers and other users with large fleets and storage needs. The state’s local, established landlords have also remained active, securing new sites through a mix of creativity and a willingness to explore lesser-known submarkets.

‘A complete community:’ LeFrak, Simon families mark Newport’s 40th anniversary with $1 million grant program for Jersey City nonprofits

The developers of Newport, the seminal mixed-use neighborhood credited as a catalyst for the rebuilding of the Jersey City waterfront, plan to disburse $1 million to 40 local nonprofit groups as the organization celebrates four decades in the city.

Jersey City building with four apartments, retail space trades for $1.2 million, Cervelli says

A family office has expanded its holdings in Jersey City, acquiring a building with four apartments and retail space in a deal arranged by Cervelli Real Estate & Property Management.

JLL: Developer wanted for West Side Jersey City site with full approvals for 547-unit mixed-use rental project

A development site in Jersey City’s West Side neighborhood is on the market for sale, with approvals in place for a project that would include nearly 550 apartments and retail space.

Office leasing stays strong in New Jersey as smaller deals, flight to quality fuel demand in Q2

New Jersey office tenants remained active in the second quarter, especially in higher-end buildings, showing a willingness to commit when the right space is available.

Urby teams with Rockpoint for newest Jersey City project, eyeing 748-unit rental tower

The second phase of a project that began with a landmark apartment building at 200 Greene St. in Jersey City, directly west of the Hudson River and the well-known Harborside office complex, could soon begin with 201 Hudson – by…

JLL: Buyer wanted for distressed loan secured by 432,000 sq. ft. Jersey City office building

The holders of a nonperforming $130 million loan for a Jersey City office building are hoping to sell the debt after foreclosing on the property earlier this year.

Matthews inks $4.1 million sale of prewar 17-unit apartment building in Jersey City

A private investor has purchased a 17-unit apartment building in Jersey City for more than $4.1 million, in a newly announced deal by Matthews.

Nasser Freres welcomes first residents at 622-unit luxury rental tower in Journal Square

The new 29-story apartment tower known as The Greyson has opened its doors in Jersey City, bringing another infusion of luxury rentals to the historic Journal Square neighborhood.

New tower hits the market in Jersey City as third phase of 829-unit project quickly takes shape

The final piece of a major residential project in Jersey City is coming online with the launch of leasing at a new 27-story, 338-unit tower near the Hoboken border.