Editor’s Note
Sustained success

As you’ll read in this month’s cover story, the state’s Community Solar Energy Pilot Program has made it both easier and more lucrative for commercial property owners in New Jersey to go green, allowing solar developers to lease their rooftops and sell power to nearby residents. The policy has been critical to the growth of Solar Landscape, a solar developer founded in 2012 that’s been integral to the program’s rollout. Based in Asbury Park, the 10-year-old firm has leased more than 20 million square feet of rooftop space in New Jersey, making it a key player in the commercial real estate market in just a few years.

Top News
Marchetto Higgins Stieve Architects rebrands, touts growing pipeline of high-rise projects

MHS Architecture’s portfolio of high-rise projects in New Jersey includes Liberty Harbor Development’s 33-story 88 Regent project in Jersey City. — Courtesy: MHS Architecture By Joshua Burd One of the state’s best-known design firms for multifamily and mixed-use projects has…

Hospitality & Tourism
Veris completes sale of Hyatt Regency Jersey City to Taconic, HEI

Veris Residential Inc. has completed its sale of the Hyatt Regency Jersey City, as the real estate investment trust continues to shed properties outside the luxury apartment sector.

Finance & Capital Markets
C&W: Owner of The Beacon in Jersey City seeking up to $325 million in refinancing

The owner of a landmark 1,155-unit residential complex in Jersey City is seeking to refinance the property for up to $325 million, brokers with Cushman & Wakefield announced.

Residential & Mixed Use
Micro-apartments coming to Newark, as concept expands in New Jersey cities

A developer is set to open more than 100 micro-apartments in downtown Newark, marking at least the second such project in New Jersey and the growth of a concept that could soon spread to other small and midsized cities.

Office
CBRE: Harborside 5 and 6 listed for sale as Veris continues to prune Jersey City campus

Veris Residential Inc. is seeking a buyer for two additional pieces of its Harborside campus in Jersey City, following news that it was under contract to sell its three flagship office buildings at the property for $420 million.

Residential & Mixed Use
Grid: Investor buys 10 apartments, retail space in Jersey City Heights for $3.8 million

An investor has picked up 10 apartments and two retail spaces with its purchase of a two-building portfolio in Jersey City, according to a broker with Grid Real Estate.

Residential & Mixed Use
Jersey City development site slated for 136 apartments sells for $6.5 million

A development site that could house more than 130 luxury apartments has changed hands in Jersey City’s West Side neighborhood, in a deal arranged by B6 Real Estate Advisors.

Office
IT consulting firm takes 9,700 sq. ft. at Jersey City office building, C&W says

An IT consulting and talent management firm has leased nearly 9,700 square feet at 10 Exchange Place in Jersey City, brokers with Cushman & Wakefield announced.

Finance & Capital Markets
Birch Group partnership inks $328 million debt, equity package for 101 Hudson purchase

The buyers of 101 Hudson St. in Jersey City have secured $328 million in debt and equity financing for the 42-story, 1.35 million-square-foot office tower.