jersey city – Page 38 – Real Estate NJ

Leasing teams turn to virtual tours, platforms to lure renters during stay-at-home order

In-person tours have been curtailed and lease numbers are down, but virtual tours are helping luxury apartment buildings bring in renters in this time of social distancing. The virtual elements are so useful, in fact, that building representatives said they’ll keep using them after the coronavirus crisis is over.

Residential & Mixed Use

Meal delivery business opening first retail location at Jersey City rental tower

A prepared meal delivery service is opening its first retail location, taking space at a new Jersey City apartment tower built by Kushner Real Estate Group and Ironstate Development Co.

Mack-Cali details rent collections, construction activity during pandemic

Rent collections for Mack-Cali Realty Corp.’s office and residential holdings have held strong thus far, as the company works with tenants to navigate the COVID-19 economic crisis.

Office

Mack-Cali unveils new board nominees, with Mack set to step down as chairman

Mack-Cali Realty Corp. has unveiled a new slate of nominees for election to its board of directors, as longtime Chairman William L. Mack prepares to step down in conjunction with the company’s mandatory retirement age policy.

Features

Crockett talks diversity, messaging after becoming Mack-Cali’s first female chief administrative officer

Deidre Crockett has become an influential force at Mack-Cali Realty Corp., now serving as the REIT’s first-ever female chief administrative officer and executive vice president.

Office

NKF: Large deals boosted Q1 office market, with COVID-19 impact now looming

New Jersey’s office market saw two major leases and a pair of blockbuster sales in the first quarter, headlining an active start to the year before the onset of the coronavirus crisis.

Finance & Capital Markets

Buyer of Jersey City rental building lands $41 million loan, JLL says

The buyer of a newly developed, 104-unit apartment building in Jersey City has secured more than $40 million in financing, in a transaction arranged by JLL.

LeFrak, Simon donate $100,000 to children of Jersey City shooting victims

Two of the biggest names in Jersey City real estate have teamed to help the families impacted by the December mass shooting in the city, which claimed the lives of four victims.

Residential & Mixed Use

KRE Group launches platform with virtual education, entertainment for social distancing

Kushner Real Estate Group has unveiled a new virtual platform to provide a calendar of online social, fitness, entertainment and educational options to help the public practice social distancing during the COVID-19 crisis.

Industrial

Jersey City warehouses sell for $24 million, slated for film studio space

A buyer has paid nearly $24 million for two Jersey City warehouses, brokerage firm Grid Real Estate said, noting that the company now plans to use the buildings for film studio space.