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.
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.
A new apartment tower in downtown New Brunswick is now 50 percent leased, as interest continues despite the challenges of the coronavirus crisis.
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.
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.
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.
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.
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.
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.