KRE Group taps real estate industry veteran Bulbin as director of acquisitions

Kushner Real Estate Group has hired a veteran industry executive to spearhead its growing acquisitions platform.

Progress Capital sources $30 million construction loan for 155-unit Jersey City rental project

A developer has snagged a $30 million construction loan for a 155-unit multifamily project in Jersey City’s West Side neighborhood, in a deal arranged by Progress Capital.

Greenspot

Greenspot develops, installs, operates and maintains electric vehicle (EV) charging stations. Greenspot is a Charge Point Operator (CPO), so we own the charging stations and network. Our business model is to invest in technology to sell electricity to EV drivers. Greenspot provides everything property owners and managers need to monetize their parking lots without CapEx and the headache of ownership. Greenspot does this by installing charging stations on the property, operating and generating revenue, covering the cost of expenses and then sharing profits. Greenspot will continue to make the investment in the technology (e.g. Upgrades to faster and wireless charging) and expansion to provide drivers with more access to EV charging spots. Over time there will be many more EVs coming to your property and, as the charging stations expand, the NOI will grow significantly.

CBRE: New Jersey office demand slumps in Q3 despite bursts in Hudson waterfront, Princeton

Office leasing in northern and central New Jersey slowed in the third quarter, a report by CBRE found, as tenants grappled with economic headwinds despite some bright spots in the market.

New public plaza, park space opens at Jersey City’s Exchange Place PATH station

City officials and business leaders in Jersey City have debuted a new waterfront park for the public and daily office users in the PATH train-anchored Exchange Place district.

Kislak inks $2.6 million sale of 13-unit Jersey City apartment building

A private investor has acquired a 13-unit apartment building in Jersey City for nearly $2.6 million, according to brokers with The Kislak Co. Inc.

Investor adds 60-unit Hudson County apartment portfolio for $10 million, Kislak says

A private investor has acquired 60 units in northern Hudson County for a combined $10 million, in a pair of newly announced transactions by The Kislak Co. Inc.

On the job

As you’ll read in this month’s cover story, veteran planner and public policy expert Dan Kennedy has a full plate of advocacy issues ranging from flood hazard and stormwater regulations to infrastructure and stranded assets. Fortunately, he brings nearly two decades of experience that includes key roles in state government and six years with the Utility and Transportation Contractors Association of New Jersey.

AEP, with Newmark brokers, launches leasing at Harborside 6 after $46 million acquisition

Nearly 200,000 square feet of office space in Jersey City has hit the market for the first time in years, following American Equity Partners’ recent acquisition of what’s known as Harborside 6.

Biopharma firm expands to 5,800 sq. ft. in downtown Jersey City, Equity says

A biopharmaceutical company has renewed its lease and expanded in downtown Jersey City, where it now occupies more than 5,800 square feet.