Residential & Mixed Use
Two-building, 408-unit rental portfolio in Jersey City trades for $222 million, CBRE says

A group advised by J.P. Morgan Asset Management has sold 408 apartments across two properties in Jersey City for nearly $222 million, brokers with CBRE announced Tuesday.

Professional Services
Mahoney named principal with Gensler’s Morristown office

Gensler has named longtime architect Erin Mahoney as the latest principal in its Morristown office, touting her technical prowess and her more than 25 years of experience.

Office
Grid: Three tenants combine for 26,000 sq. ft. at loft-style flex building in Jersey City

A loft-style commercial building in Jersey City has added three tenants with more than 26,000 square feet of new leasing activity, in a set of deals arranged by Grid Real Estate.

Office
LeFrak, Fidelity Investments ink 185,000 sq. ft. lease renewal at Jersey City office tower

LeFrak has signed a nearly 185,000-square-foot lease renewal with Fidelity Investments, a longtime tenant at one of the developer’s Jersey City office towers.

Health Care & Education
Nonprofit vaccine developer takes 30,000 sq. ft. at Jersey City life sciences building, CBRE says

Thor Equities Group has signed a new deal at its life sciences building in Jersey City, leasing nearly 30,000 square feet of lab-ready space to a nonprofit biotechnology organization.

Retail
Pierson: Tenant wanted for newly available, 4,000 sq. ft. retail space in Jersey City

A retail space in Jersey City section is available for the first time in more than a decade, offering some 4,000 square feet in a busy residential and commercial district.

Residential & Mixed Use
Nasser Freres, Fulop break ground on 622-unit luxury apartment tower in Journal Square

Development firm Nasser Freres has broken ground on a project that will add 622 apartments and commercial space to Jersey City’s resurgent Journal Square neighborhood.

Residential & Mixed Use
New amenities debut at 336-unit Jersey City project by Fields Grade, Ursa Development

The developers of a new 336-unit apartment building at the border of Jersey City and Hoboken have debuted a series of indoor and outdoor amenities at the upscale property.

Finance & Capital Markets
Developers of 477-unit West Side Square project in Jersey City ink $169 million financing deal

A development group has landed more than $169 million in financing for a project that will bring 477 new apartments and retail space to Jersey City’s growing West Side neighborhood.

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.