Government & Public Policy
Newark Alliance unites three city organizations to expand key growth initiatives

Three of Newark’s key economic development organizations have come together in a move to further their missions while streamlining their efforts to enhance the state’s largest city.

Featured
QCRE: Newark warehouse sells for $1.2 million, with buyer set to move from Brooklyn

An industrial user is relocating to Newark after acquiring an 8,400-square-foot warehouse in the city, according to a brokerage team with The Quinas Companies Inc.

Residential & Mixed Use
MIG Real Estate: New apartments, retail space coming to Newark’s iconic Griffith Building

A real estate firm is bringing new life to Newark’s historic Griffith Building, with plans to deliver new apartments and two floors of retail space to the downtown property.

Residential & Mixed Use
Marcus: Buyer wanted for approved 2,400-unit development site in downtown Newark

The owner of a high-profile development site in Newark — where city officials have approved plans for more than 2,400 new residential units — has put the property on the market.

Finance & Capital Markets
JLL: Buyer of Newark’s Springfield Avenue Marketplace lands $23 million acquisition loan

The new owner of a grocery-anchored shopping center in Newark has closed on more than $23 million in acquisition financing, in a newly announced deal by JLL.

Retail
CBRE: Goldman Sachs unit sells 111,000 sq. ft. Newark retail center for $38 million

An affiliate of Goldman Sachs has sold a well-known, grocery-anchored retail property in Newark for $37.5 million, brokers with CBRE announced Tuesday.

Industrial
BRC inks 12,000 sq. ft. industrial deal in Newark’s South Ironbound

An industrial user has leased 12,000 square feet across two spaces in Newark’s South Ironbound neighborhood, in a newly announced deal by Bussel Realty Corp.

Professional Services
Ware Malcomb promotes Breda to director, architecture, with Newark-based team

Ware Malcomb has elevated Claudio Breda to director, architecture, in its Newark office, in the industry veteran’s second promotion since joining the design firm in 2021.

Government & Public Policy
Newark Land Bank breaks ground on first residential project under pioneering program

A developer has broken ground on a new home in Newark as part of the city’s pioneering land bank program that leverages blighted properties to help expand housing opportunities.

Professional Spotlight
Murphy Schiller & Wilkes LLP

MSW was founded to provide effective, efficient and creative legal and advisory services to meet the distinctive needs of our clients. As a law firm focused solely on commercial real estate matters, our clients rely on the firm’s multidisciplinary approach in solving complex legal issues. Our attorneys have broad private- and public-sector experience, coming from top national law firms and high-level governmental positions. Through the development of individualized, client-focused strategies, our team works tirelessly to create a blueprint for success and advance our clients’ interests in every matter.