Office
NJ Transit, Horizon exploring plan to redevelop Newark office sites and build new 250,000 sq. ft. headquarters for health insurer

The site of two office buildings in downtown Newark could become up to 1,000 apartments and retail space under a proposal that involves the prospect of a new ground-up, 250,000-square-foot headquarters for Horizon Blue Cross Blue Shield of New Jersey.

Finance & Capital Markets
JLL: Lions Group, Goldman ink $200 million financing package for new Journal Square tower

Lions Group has secured some $200 million in financing and capital commitments for a planned 34-story, 360-unit apartment tower in Jersey City’s booming Journal Square section.

Industrial
Mapletree starts construction on 420,000 sq. ft. Poconos industrial development

Mapletree Investments has broken ground on a project that will bring more than 420,000 square feet of new logistics space to Pennsylvania’s Poconos region, adding to its footprint in the area.

Industrial
Greek breaks ground on 81,000 sq. ft. industrial project outside Philly, continuing expansion

Greek Real Estate Partners has lined up another project in Southeast Pennsylvania, adding a 12-acre site where it’s now building more than 81,000 square feet of new industrial space.

Retail
JLL: East Hanover Plaza trades in three-state, $126 million portfolio sale by SITE Centers

SITE Centers Corp. has sold a more than 98,000-square-foot shopping center in East Hanover as part of a multistate portfolio deal valued at $126 million, brokers with JLL said Tuesday.

Residential & Mixed Use
JLL: Buyer wanted for 301-unit Hoboken apartment building with value-add potential

The owner of a 301-unit apartment building near downtown Hoboken is looking to sell the property, offering what brokers say is strong upside in a coveted location.

Office
Hilton Realty buys two-building, 268,000 sq. ft. portfolio in Princeton South Corporate Center

Hilton Realty has expanded its holdings in the Princeton area after acquiring a nearly 268,000-square-foot office complex in Ewing, brokers with JLL announced Wednesday.

Finance & Capital Markets
JLL: Bridge Industrial snags $27 million bridge loan for new Piscataway warehouse

Bridge Industrial has secured $27.1 million in bridge financing for a nearly 148,000-square-foot warehouse in Piscataway, in a newly announced deal by JLL.

Office
Owner of Madison headquarters campus taps JLL, eyes redesign to attract new tenant

A well-known corporate headquarters in Madison is poised for a major update as its owner seeks a new tenant for the 270,000-square-foot property, where it has named JLL as its leasing agent.

Residential & Mixed Use
Invel Capital buys 70-unit West Orange rental building in $41 million deal by JLL

A joint venture led by Invel Capital has acquired a 70-unit luxury apartment building in West Orange for nearly $41 million, in a transaction arranged and financed by JLL.