Government & Public Policy
Fulop expects nimble approach to development in Jersey City, with major projects still to come

Jersey City is still in the earliest stages of its well-chronicled renaissance, the city’s mayor said Thursday, while projecting a nimble approach to development in the face of economic headwinds and a continued focus on lesser-known neighborhoods outside the downtown.

Finance & Capital Markets
Developer snags $63 million permanent loan for new Jersey City rentals, BlueGate says

Fields Grade Development has landed $63 million in permanent financing in connection with a new luxury apartment complex in Jersey City, according to BlueGate Partners LLC.

Top News
Kushner, Fulop join to break ground on long-awaited One Journal Square project

Slated for completion in 2026, One Journal Square will comprise two 64-story glass towers housing 1,723 residential units, 45,000 square feet of upscale amenities and 40,000 square feet of ground-floor retail space. — Courtesy: Kushner By Joshua Burd Construction is…

Office
Columbia debuts newly upgraded lobby, entrance at 680,000 sq. ft. Jersey City office tower

Columbia Property Trust Inc. has completed its renovation of a 19-story, 680,000-square-foot office building in Jersey City’s busy Grove Street neighborhood.

Retail
Daycare, convenience store combine for 6,000 sq. ft. at new Jersey City apartment building

The developer of a new apartment building in Jersey City has signed two ground-floor retail leases at the property, according to a brokerage team with The Goldstein Group.

Finance & Capital Markets
Developer of 629-unit Jersey City rental property lands $160 million perm loan

The developer of more than 600 new apartments in Jersey City’s West Side neighborhood has refinanced the property for $160 million, in a transaction arranged by Progress Capital.

Office
Mobile gaming firm inks lease in Jersey City for first U.S. flagship location, Newmark says

A Swedish mobile gaming company has picked Jersey City for its first U.S. flagship location, leasing more than 5,000 square feet at a historic loft-style building in the downtown.

Residential & Mixed Use
Veris Residential names head of sustainability, ESG amid release of new report

Veris Residential Inc. has named a new senior vice president and head of sustainability and environmental, social and governance, as it unveils a report detailing its progress in those areas since the real estate investment trust rebranded and revamped its platform.

Residential & Mixed Use
Preleasing underway at 38-unit luxury rental building in Jersey City

A developer has launched preleasing at a new boutique apartment building in Jersey City, adding to the growing stock of luxury rentals in the historic Bergen-Lafayette section.

Residential & Mixed Use
Jersey City condo tower posts 40 sales in 2022 amid 16 weeks of closings

The developer of a 79-story condominium tower in Jersey City has recorded dozens of sales thus far in 2022, maintaining a pace that has led to 275 closings since the building’s 2019 debut.