‘Modera Lofts’ owner refis 366-unit property in Jersey City for $136 million, Cushman says

The owner of a loft-style luxury apartment building in downtown Jersey City has refinanced the property for $136 million, brokers with Cushman & Wakefield announced Thursday.

Panepinto debuts 605-unit Journal Square tower, with occupancy slated for late spring

Panepinto Properties has launched leasing at a new 605-unit luxury rental tower in Journal Square, the developer’s latest in a long line of high-profile projects in Jersey City.

Kushner unveils ‘The Journal’ as leasing surges at long-awaited 1,723-unit project in Jersey City

Kushner has already hit a key leasing milestone at The Journal, a response that matches not only the scale of the property but the anticipation for its long-awaited arrival in Jersey City.

IPRG inks lease at 15 Exchange Place, securing new home for New Jersey operations

IPRG has found a new home in Jersey City after leasing 5,000 square feet at a well-known office building along the Hudson River.

Extending a hand to Solomon, Jersey City landlords call for more housing to solve budget, affordability woes

Following a contentious campaign, the Jersey City Apartment Owners Association said it was eager to work with new Jersey City Mayor James Solomon, reaffirming its belief that the best way to solve the city’s budget and affordability crises is to build more housing.

Cervelli: Six-unit Jersey City rental building trades with ‘immediate’ value-add potential

A longtime apartment owner in Jersey City has added a six-unit building in the Bergen-Lafayette neighborhood, in a deal arranged by Cervelli Real Estate and Property Management.

Solomon: KRE to add affordable housing to Journal Square project, ending plans for Pompidou museum

KRE Group has officially scrapped plans to house a highly touted museum in its latest Jersey City rental project, opting instead to bring affordable housing and potential community space to the site under an agreement with the city’s new mayor.

Veris to be acquired by Affinius Capital-led group in $3.4 billion all-cash deal

An investor group led by Affinius Capital is acquiring Veris Residential Inc., in a $3.4 billion deal that will take the company private after its high-profile, multiyear pivot from the iconic former Mack-Cali Realty Corp.

NAI Hanson: CenterPoint, United Refrigeration ink 10,000 sq. ft. lease in Jersey City

CenterPoint has filled more than 10,000 square feet in Jersey City with a newly completed lease with United Refrigeration Inc., brokers with NAI James E. Hanson said Friday.

On the horizon

Two key asset classes in New Jersey have become inextricably linked in the last two to three years, as local governments increasingly turn to their aging office stock to fill the state’s housing deficit. Some have done so proactively, but others are acting out of necessity as they race to comply with New Jersey’s updated affordable housing law. That’s causing some market leaders to wonder if municipalities will face “multifamily fatigue” after the latest round of mandates and the corresponding land use planning, which has played out across the state over the past 12 months.