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.
Workforce housing investor, manager launches $50 million acquisition fund
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 adds Newark development site, plans 186,000 sq. ft. industrial project
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.
L+M unveils office space at landmark Newark tower, now a mixed-use destination
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.
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.
Adaptive reuse project has brought new co-working space, apartments to Newark’s Ironbound
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 hires veteran multifamily management exec for its growing portfolio
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.
Freezer, cooler space in high demand in New Jersey, as users face a lack of supply
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.
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.
