CBRE: Social services agency inks nine-building, $8.27 million portfolio sale

A nonprofit children’s services agency has sold nine properties totaling nearly 82,000 square feet, under a series of newly completed transactions by CBRE.

Food user acquires 18,000 sq. ft. industrial building in Newark, BRC says

A specialty foods distributor has acquired an 18,000-square-foot industrial building in Newark for nearly $3 million, Bussel Realty Corp. said Tuesday.

Developers detail plans for brewery at landmark Newark tower

A newly opened, 264-unit apartment building in downtown Newark is set to welcome a craft brewery and tap house to its commercial offerings.

CBRE touts Essex County apartment sales totaling $13.6 million

An investor has paid more than $7.3 million for a 47-unit apartment building in Orange, CBRE said, in the largest of four newly completed transactions in Essex County.

Buyer wanted for two-tower, 594-unit Newark development site, Meridian says

Brokers with Meridian Capital Group are seeking a buyer for a development site in downtown Newark, one that is fully approved for nearly 600 high-end apartments across two towers.

CBRE: Garden, high-rise apartment portfolio fetches $146 million

A longtime New Jersey apartment owner has reaped $146 million from the sale of seven properties in Essex, Monmouth and Mercer counties, brokers with CBRE said Tuesday.

Making a market: Developers, city officials look ahead as renters arrive in downtown Newark

A new stock of luxury, market-rate apartments is beginning to take shape in downtown Newark, where stakeholders hope to attract the type of rental population that can create a 24-hour, seven-day neighborhood that has long eluded the central business district.

Developers say they’re encouraged by the early returns, but are preparing for the market to be tested by larger-scale projects and an influx of additional units. City officials are also preparing for what could be a dramatic uptick in interest from builders — which they will have to balance with public policy goals such as expanding affordable housing for Newark residents.

Murphy signs ‘land bank’ bill allowing cities to assemble, reposition blighted property

A newly enacted law allows New Jersey municipalities to assemble blighted properties within their borders, creating land banks that they can use to spur much-needed redevelopment.

Fidelco acquires 18-story office tower in downtown Newark

A prominent Newark landlord has expanded its holdings in the city, acquiring a well-known office tower at the northern end of the downtown.

Japanese fast casual chain coming to Newark rental building, Paramount says

Paramount Assets has attracted another retailer to its new boutique apartment building in Newark, inking a 1,500-square-foot lease with a Japanese fast casual concept.