Office
Leasing slowdown, consolidations weigh on New Jersey office market, despite Class A deals

Office vacancy in northern and central New Jersey continued upward in early 2023, driven by a slowdown in leasing and large blocks of space flooding the market, even as high-end buildings remained a draw for tenants seeking a more modern work environment.

Office
Veris Residential completes $420 million sale of 1.9 million sq. ft. Harborside complex

Veris Residential Inc. has completed its high-profile, $420 million sale of Harborside buildings 1, 2 and 3 in Jersey City, the real estate investment trust said Wednesday.

Retail
Cervelli: Juice bar takes 1,100 sq. ft. at new Jersey City apartment building

The developer of a new apartment building in Jersey City has lured a juice bar to its ground-floor retail space, in a deal arranged by Cervelli Real Estate & Property Management.

Retail
JLL: Middle Eastern-themed quick-service eatery takes 3,000 sq. ft. in Jersey City

A quick-service Middle Eastern restaurant is coming to Jersey City after leasing 3,000 square feet at the base of a waterfront office building, according to a broker with JLL.

Photos
Inaugural ‘Deals & Dollars’ networking event draws 350 top CRE professionals

A new networking series for New Jersey’s commercial real estate sector is off to a fast start, having drawn more than 350 industry professionals to a recent event in Jersey City.

Events
Jersey City Summit, high-profile development showcase, set to return May 22

The popular Jersey City Summit is set to return on May 22, marking its eighth year as it prepares to welcome more than 1,000 attendees for the annual real estate industry showcase.

Finance & Capital Markets
Developers ink $58 million refi of 240-unit Journal Square rental building, JLL says

The owners of a six-year-old, 240-unit luxury apartment building in Jersey City have closed on $58 million in financing for the property, according to a debt placement team with JLL.

Office
Exchange Place Alliance opens new office in downtown Jersey City

The influential Exchange Place Alliance has unveiled its new 900-square-foot office at the border of two key neighborhoods in downtown Jersey City.

Finance & Capital Markets
BLT lands $257 million Greystone loan for The Beacon in Jersey City, C&W says

The owner of the nearly 1,200-unit apartment complex known as The Beacon in Jersey City has snagged more than $257 million in financing, brokers with Cushman & Wakefield announced.

Residential & Mixed Use
Skyline wins key approvals for Jersey City project with 420 rentals, community space

A development that would bring 420 new apartments, market-style retail space and a recreation center to Jersey City is moving ahead after securing two key local approvals.