Jersey City forges ahead with high-profile development pipeline, despite pandemic

While local officials across New Jersey have hit the brakes on large-scale projects, Jersey City has made a deliberate effort to keep its pipeline flowing since the start of the health and economic crisis, as many developers remain bullish on its booming residential market.

In spite of it all

It was a busy spring, surprisingly so, and I know many of you would agree. I’ve seen it firsthand in the lease and sale announcements that have continued to hit my inbox these last three months, with many of them offering praise to the parties involved for getting the deal done in the midst of “challenging economic times” or “uncertain market conditions.” I know full well that much of the industry is still hurting. We won’t lose sight of that. But we will take the opportunity to highlight some of the positive things that are happening in spite of the pandemic.

Amazon opening 14 new last-mile ‘delivery stations’ in New Jersey

Amazon is adding to its already-vast footprint in New Jersey, announcing plans for 14 new locations geared toward the last mile of its fulfillment process.

LeFraks donate $100,000 to Jersey City hospital foundation for COVID relief

The LeFrak family has contributed $100,000 to the Jersey City Medical Center Foundation to support the hospital’s growing needs in the face of the COVID-19 pandemic.

How will COVID-19 impact multifamily design or operations?

How will COVID-19 impact multifamily design or operations? We assembled a panel of industry experts to tackle this month’s question.

Duke eyes solar projects atop 1 million sq. ft. of New Jersey industrial space

Duke Realty Corp. has unveiled plans to install rooftop solar panels across nearly 1 million square feet of industrial space in New Jersey, the real estate investment trust announced.

Mack-Cali names new chair after board shakeup

A veteran development executive has taken over as board chair of Mack-Cali Realty Corp., following a proxy battle that ended last week with a victory by a dissident investor group.

C&W touts 38,000 sq. ft. in leasing at Jersey City office tower

Three tenants have leased a combined 38,441 square feet at a newly updated, 30-story office tower in Jersey City, brokers with Cushman & Wakefield announced last week.

Investor group wins control of Mack-Cali board after agreement with REIT

Seven of Mack-Cali Realty Corp.’s 11 board members are stepping down, clearing the way for a dissident investor group to take control after a proxy battle that dates back to early last year.

Marcus: Jersey City rental building fetches $2.3 million

A private investor has sold a 12-unit apartment property in Jersey City for $2.3 million, under a transaction arranged by brokers with Marcus & Millichap.