The owner of four multifamily properties in the region has landed a $12 million credit facility, under a transaction arranged by JLL’s Morristown-based capital markets team.
New Brunswick boutique office building fetches $4.35 million
The developer of a boutique office building in downtown New Brunswick has sold the property for $4.35 million, under a newly announced transaction by CBRE.
New Brunswick apartment tower hits leasing milestone
A new apartment tower in downtown New Brunswick is now 50 percent leased, as interest continues despite the challenges of the coronavirus crisis.
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.
Pennrose offers 10 weeks’ free rent at New Brunswick apartment tower
A developer is offering up to 10 weeks of free rent at a new luxury apartment building in New Brunswick, seeking to ease the concerns of would-be tenants during the COVID-19 crisis.
ULI Northern New Jersey donates $500 in meals to New Brunswick hospital workers
The Urban Land Institute’s Northern New Jersey chapter is doing its part to help those battling the COVID-19 pandemic, having donated $500 worth of dinners to health care workers at Robert Wood Johnson University Hospital in New Brunswick.
Pennrose launches virtual tours at New Brunswick PAC apartments
Prospective renters can now remotely tour one of New Brunswick’s newest luxury apartment buildings, part of a landmark performing arts center project in the downtown.
Rutgers real estate program eyes new degrees, new investment as it looks to the future
With a foundation in place and support from many of the state’s top commercial real estate leaders, the Rutgers Center for Real Estate is now looking ahead to the next five years and beyond. The program’s leaders feel that further growth will hinge on expanding and fine-tuning the course offerings — such as creating a standalone real estate major and a master’s in real estate — while navigating the challenges of fundraising and scaling up to support their growing student population.
Plan to acquire, relocate New Brunswick school in focus for $750 million cancer pavilion project
The developer of a proposed $750 million cancer center in New Brunswick is set to make its case to the city’s board of education, seeking to acquire a school property that it says is the ideal location for the sweeping health care facility.
The Goldstein Group inks restaurant leases in Middlesex, Union counties
The Goldstein Group is touting the completion of two new restaurant leases in central New Jersey, inking nearly 11,000 square feet of combined activity.
