Developer inks $43 million refi of Jersey City rental tower, Lightstone says

The developer of a 132-unit apartment building in Jersey City has refinanced for nearly $43 million, following a transaction arranged by Lightstone Capital.

Bergen County rec complex, senior center upgrade nearly complete, Dresdner Robin says

A community in Bergen County is nearing completion of a revamped recreation and senior center complex, following design and site work by a team with Dresdner Robin.

NKF: New Jersey office market stalls in Q2 as tenants grapple with COVID crisis

Office leasing in New Jersey slowed significantly in the second quarter, with renewals and extensions accounting for most of the activity as tenants navigated the coronavirus crisis.

Move-ins underway at 99-unit building in historic Jersey City neighborhood

A new 99-unit luxury apartment building in Jersey City has started to welcome its first residents.

United Way event features media icon Forbes, honors high-profile Warren office deal

The United Way of Northern New Jersey hosted its annual fundraiser with the commercial real estate industry, which featured an interview with media icon Steve Forbes and the presentation of its Impact Award to one of the state’s most high-profile office deals of 2019.

Jersey City forges ahead with high-profile development pipeline, despite pandemic

While local officials across New Jersey have hit the brakes on large-scale projects, Jersey City has made a deliberate effort to keep its pipeline flowing since the start of the health and economic crisis, as many developers remain bullish on its booming residential market.

In spite of it all

It was a busy spring, surprisingly so, and I know many of you would agree. I’ve seen it firsthand in the lease and sale announcements that have continued to hit my inbox these last three months, with many of them offering praise to the parties involved for getting the deal done in the midst of “challenging economic times” or “uncertain market conditions.” I know full well that much of the industry is still hurting. We won’t lose sight of that. But we will take the opportunity to highlight some of the positive things that are happening in spite of the pandemic.

Amazon opening 14 new last-mile ‘delivery stations’ in New Jersey

Amazon is adding to its already-vast footprint in New Jersey, announcing plans for 14 new locations geared toward the last mile of its fulfillment process.

LeFraks donate $100,000 to Jersey City hospital foundation for COVID relief

The LeFrak family has contributed $100,000 to the Jersey City Medical Center Foundation to support the hospital’s growing needs in the face of the COVID-19 pandemic.

How will COVID-19 impact multifamily design or operations?

How will COVID-19 impact multifamily design or operations? We assembled a panel of industry experts to tackle this month’s question.