A nonprofit is relocating within Newark to a building owned by Paramount Assets, under a newly announced 20,000-square-foot lease with the real estate investment firm.
A real estate investment and management firm has launched a $50 million fund to acquire transit-oriented, workforce housing in New Jersey and elsewhere in the Northeast.
CenterPoint Properties has acquired a nearly 13-acre development site in Newark, where it’s now planning more than 180,000 square feet of logistics space minutes from Port-Newark Elizabeth.
A development and brokerage team has taken the wraps off more than 50,000 square feet of available office space inside one of downtown Newark’s most iconic buildings.
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.
In 2016, a year after completing a 72-unit residential building in Newark’s Ironbound section, J&L Cos. turned its focus to its next major project — restoring and converting a historic garment factory on Green Street to bring another 64 apartments to the neighborhood.
One Wall Partners has added a new property management executive to help the company oversee its growing portfolio of transit-oriented workforce housing in the region.
Demand for cold storage warehouse space nationwide, and particularly in the Garden State, is on fire, largely because of rising online fresh grocery sales and changing consumer preferences for fresher foods. Meeting that demand could prove challenging — given the cost and complexity of such projects and the need for specialization — but some developers are positioning themselves to be ready when users come calling.
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.