Editor’s Note
Sprucing it up

New Jersey is largely built out, at least as far as the best locations are concerned, meaning redevelopment is often the only option. That’s driving a series of new investments by shopping center owners that have secured new deals with supermarkets and other big-box tenants. Those landlords are now renovating their assets in conjunction with the new anchor leases, which figures to help attract new retailers to those properties.

Residential & Mixed Use
Halpern welcomes first residents to 337-unit Birch House on Jersey City’s West Side

The first renters have arrived at one of the highest-profile new luxury apartment buildings in Jersey City’s fast-growing West Side neighborhood.

Office
JLL: ‘Premier’ office buildings still shining in New Jersey with lower vacancy, higher rents than other Class A properties

Only a third of northern and central New Jersey’s top office buildings are less than 10 years old or have been significantly improved within that span — but their owners are reaping the benefits.

Government & Public Policy
The affordable housing debate: Gubernatorial candidates weigh policy challenges, solutions at New Jersey Planning and Redevelopment Conference

The debate over how to expand affordable housing in New Jersey is far from over, even after the passage of a law to devise the next round of obligations for hundreds of towns and cities. That was clear last week during a roundtable discussion involving four candidates hoping to be the state’s next governor, who were on hand for the annual New Jersey Planning and Redevelopment Conference in New Brunswick.

Residential & Mixed Use
Tay acquires 200-unit development site on Jersey City’s West Side, IPRG says

Tay Investments has acquired a development site on Jersey City’s West Side, paving the way for a project that would bring another 200 apartments to the fast-growing neighborhood.

Residential & Mixed Use
JRM Construction touts completion of 337-unit multifamily project in Jersey City

JRM Construction Management is marking the completion of a project known as Birch House, a development that has brought 337 apartments to Jersey City’s West Side.

Event Coverage
Brighter days ahead: Panelists bullish on Jersey City office market amid historic Bank of America lease, continued residential boom

If there were ever a time for optimism — specifically for Jersey City’s embattled office market — it may as well come after a blockbuster 548,000-square-foot lease. That bullishness was evident Wednesday at the annual Jersey City Summit, where panelists were largely upbeat and confident that the submarket was due for a major uptick after several challenges in recent years.

Residential & Mixed Use
Cervelli: Updated six-unit rental building in Jersey City Heights trades for $1.3 million

A private entity has acquired a newly renovated, six-unit apartment building in Jersey City for $1.3 million, in a deal arranged by Cervelli Real Estate and Property Management.

Industrial
Marcus: Well-known self-storage portfolio in North Jersey trades in eight-figure deal

A portfolio of five self-storage buildings in northern New Jersey has changed hands for what brokers say is a nearly nine-figure price, in a deal arranged by Marcus & Millichap.

Office
LeFrak sees Newport office building, with abundant power and industrial-style construction, as a key draw for AI players

In a time in which access to power is at a premium — thanks largely to the needs of Big Data and artificial intelligence — a historic building in Jersey City’s Newport district has emerged as a potential destination for technology firms and other players in the space.