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.

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.

Residential & Mixed Use
Developers kick off 600-unit third phase of Journal Squared project

Construction is underway on the final phase of the acclaimed Journal Squared project in Jersey City, with plans calling for 600 new apartments amid continued demand at the property.

Government & Public Policy
Passaic County, eyeing reuse of Toys R Us campus, among eight to receive EDA grants

The state is helping to jumpstart efforts to repurpose the sprawling former Toys R Us campus in Wayne, thanks to one of eight newly approved grants by the Economic Development Authority.

Residential & Mixed Use
Jersey City: Newly opened micro-apartment building hits the market for sale

A developer is seeking a buyer for a newly completed, 122-unit collection of so-called micro-apartments in Jersey City, in an offering by JLL’s New Jersey capital markets team.

Residential & Mixed Use
KRE, National eye final phase of Journal Squared after lease-up of 704-unit second tower

A development team has leased up a new 704-unit luxury apartment tower in Jersey City, paving the way for the final phase of a landmark project in the historic Journal Square neighborhood.

Retail
Grid: Lease by specialty food, tobacco shop among latest Jersey City retail deals

A specialty food and tobacco shop will open its first New Jersey location, in downtown Jersey City, in one of several newly announced retail deals by Grid Real Estate.

Finance & Capital Markets
Procida marks payoff of $19 million construction loan, as 122 micro-units open in Jersey City

An area lender is touting the completion of 122 micro-apartments in Jersey City, thanks in part to nearly $19 million in construction financing.

Residential & Mixed Use
KRE Group unveils next phase of landmark project, as momentum builds in historic Jersey City neighborhood

Kushner Real Estate Group and National Real Estate Advisors have opened the second of three towers at their Journal Squared project in Jersey City, having leased more than 50 percent of its 704 luxury apartments amid the ongoing revival of a historic neighborhood.

Residential & Mixed Use
Journal Square apartment portfolio fetches $12 million, Marcus says

A longtime owner has sold two Jersey City multifamily properties for $12 million, in a newly announced transaction by Marcus & Millichap.