Residential & Mixed Use
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.

Top News
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.

Residential & Mixed Use
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.

Features
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.

Health Care & Education
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.

Retail
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.

Office
JLL: Transit hub submarkets stay on track with rent growth, tenant demand

Office markets around New Jersey’s transit hubs are still outshining their suburban counterparts, with a widening gap in asking rents and continued interest from major tenants.

Industrial
New Brunswick industrial building trades for $1.675 million

Bussel Realty Corp. has completed the sale of a 22,500-square-foot industrial property in New Brunswick, the brokerage firm announced Wednesday.

Residential & Mixed Use
New Brunswick PAC, ‘the best example of what redevelopment can do,’ opens its doors

The long-awaited New Brunswick Performing Arts Center has opened its doors, marking the debut of a $172 million, mixed-use project that is poised to transform the city’s acclaimed arts district.

Government & Public Policy
NAIOP panelists tout lessons learned amid updates to environmental cleanup program

Technical changes to the 10-year-old Site Remediation Reform Act incorporate many lessons learned since the law was originally enacted, industry insiders said last week, as a bill that would update the program now awaits a decision by Gov. Phil Murphy.