Residential & Mixed Use
Cervelli: Five-unit rental building changes hands on Jersey City’s West Side

A local investor has purchased a five-unit apartment building in Jersey City’s West Side neighborhood, according to a team with Cervelli Real Estate and Property Management.

Residential & Mixed Use
Journal Square site zoned for residential, mixed-use on the market for sale, eXp Realty says

A vacant development site in Jersey City’s booming Journal Square neighborhood has hit the market, in a newly announced offering by eXp Realty.

Residential & Mixed Use
Veris buys out Ironstate, consolidates ownership of Jersey City Urby in $39 million deal

Veris Residential Inc. is now the sole owner of a distinctive 762-unit apartment tower in Jersey City after acquiring Ironstate Holdings’ 15 percent stake in the building.

Professional Spotlight
Connell Foley LLP

With nearly 40 attorneys practicing in our Real Estate and Land Use Group, Connell Foley has the depth and experience to represent the full range of businesses and individuals with commercial real estate interests in New Jersey. From major national developers to financial institutions, private investment funds, public entities and business owners, our clients are sophisticated real estate investors who possess stakes in a wide variety of property types. We devise tailored plans, navigate regulatory hurdles and facilitate the successful completion of our clients’ projects, which include some of the most exciting and unique development opportunities in today’s real estate world.

Office
Large blocks hit New Jersey office market in Q1, outpacing leasing volume as availability grows

The rate of available office space in New Jersey ticked upward in the first quarter, thanks to several large blocks hitting the market and what brokerage firms say was modest leasing activity.

Finance & Capital Markets
Tishman Speyer lands $331 million loan for 924-unit second phase of Jersey City project

Tishman Speyer has secured a $331 million construction loan for a 924-unit apartment tower in Jersey City, the second piece of a two-phase development along the Hudson River.

Retail
Leases by cannabis, ice cream shops among newest New Jersey deals by Zoltek

A new cannabis dispensary is coming to Hudson County after a lease in Jersey City’s Heights section, in one of several recent deals by Zoltek Commercial Real Estate Services.

Residential & Mixed Use
C&W: Legacy owners sell 519-unit apartment portfolio in Bergen, Hudson for $94 million

A family ownership group has sold a 519-unit apartment portfolio in Bergen and Hudson counties for $94 million, in a deal arranged by Cushman & Wakefield.

Residential & Mixed Use
Alpine Residential tops out 500-unit ‘Scholars Village’ at Jersey City’s Liberty Science Center

Alpine Residential has completed vertical construction for Scholars Village, a project that will bring 500 apartments to the high-profile SciTech Scity development in Jersey City.

Top News
Exchange Place Alliance seeking broader impact in Jersey City with newly expanded special improvement district

The special improvement district that has helped beautify, activate and maintain a large stretch of the Hudson waterfront in Jersey City in recent years has just gotten bigger — and a host of downtown property owners are now poised to reap the benefits.