Finance & Capital Markets
Developer lands $96 million loan from SCALE, eyeing another 811 units in Journal Square

A developer has landed nearly $100 million in financing to both break ground on 235 apartments and acquire a nearby site that is approved for another 576 units, with both parcels located in Jersey City’s historic and re-emerging Journal Square neighborhood.

Industrial
I.CON panel: For spec builders in top logistics markets, it pays to wait to sign a lease

In today’s booming industrial market — with rents rising by the month and supply at unprecedented lows — developers are now grappling with a seemingly unprecedented question: How soon is too soon to sign a lease at a building that’s still under construction? According to some leading owners, it pays to wait.

Residential & Mixed Use
KRE launches leasing, eyes December move-ins at 38-story rental tower in Jersey City

Kushner Real Estate Group has all but completed a new 38-story apartment tower in downtown Jersey City, adding another 507 units to its fast-growing portfolio in Hudson County.

Residential & Mixed Use
Developer, local officials mark start of 337-unit rental project in Jersey City

A developer has broken ground on a new 337-unit luxury apartment building in Jersey City, marking the latest investment in the city’s fast-growing West Side neighborhood.

Government & Public Policy
Jersey City, MBC unveil 1.5-acre park in growing residential neighborhood

A new public park has opened in Jersey City, serving as a focal point for thousands of apartments that have helped revive a depressed industrial area near the Holland Tunnel.

Industrial
CenterPoint adds 50,000 sq. ft. cold storage facility in Jersey City

CenterPoint Properties has acquired a nearly 50,000-square-foot cold storage facility in Jersey City, marking the latest addition to its northern New Jersey industrial holdings.

Residential & Mixed Use
Fields Grade, Blumberg & Freilich unveil second phase of Jersey City rental project

A development team has brought another 68 luxury apartments to market in western Jersey City, marking the second phase of a project that opened its doors earlier this year.

Residential & Mixed Use
Arden, Spitzer detail plans for 390-unit apartment tower in Journal Square

A joint venture is eyeing a 2024 delivery for a planned 26-story, 390-unit apartment tower adjacent to the busy Journal Square PATH station in Jersey City.

Office
JDA taps Newmark as office leasing team for Hoboken, Jersey City project

The developer of a planned mixed-use project on the border of Hoboken and Jersey City has tapped Newmark as its leasing team for more than 100,000 square of new office space.

Residential & Mixed Use
Jersey City penthouse sells for $4.4 million, breaking prior record at 79-story tower

A buyer has paid more than $4.4 million for a penthouse in Jersey City, breaking a previous record set at the same newly completed high-rise along the Hudson waterfront.