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.
A specialty foods distributor has acquired an 18,000-square-foot industrial building in Newark for nearly $3 million, Bussel Realty Corp. said Tuesday.
A newly opened, 264-unit apartment building in downtown Newark is set to welcome a craft brewery and tap house to its commercial offerings.
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.
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.
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.
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.
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.
A prominent Newark landlord has expanded its holdings in the city, acquiring a well-known office tower at the northern end of the downtown.