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.

Rock climbing gym coming to rehabbed New Jersey Bell tower in Newark

Newark’s first rock climbing gym is set to open early next year, bringing a new amenity to the city and to a historic tower that is now home to more than 260 apartments.

Taking cues

Newark’s dedicated blue-chip employers and anchor institutions have virtually all expanded or made commitments to grow, leading to billions of dollars’ worth of new commercial development. It’s a major reason why developers believe the time is right to, once and for all, bring new market-rate apartments to Newark’s central business district.

Paramount debuts new 12,000 sq. ft. headquarters in downtown Newark

Paramount Assets has moved its headquarters to downtown Newark, as it continues to build its pipeline of redevelopment and historic rehabilitation projects in the city.

Developers unveil new apartments at iconic New Jersey Bell building in Newark

An investment group has largely completed its conversion of the former New Jersey Bell tower in Newark, marking the restoration of a historic landmark and the addition of new market-rate and affordable housing options to the city’s downtown.

Seagis touts four North Jersey warehouse acquisitions totaling 274,000 sq. ft.

Seagis Property Group has expanded its portfolio in northern New Jersey with the addition of four warehouses with a combined 274,000 square feet.

NAI Hanson named leasing agent at new-look, 807,000 sq. ft. industrial complex in Newark

An investment group has hired NAI James E. Hanson as its leasing agent for more than 800,000 square feet of Newark industrial space, following the launch of a multimillion-dollar improvement project aimed at modernizing the well-known complex.

Developers host grand opening for 91-unit Newark property

A development team has opened its 91-unit luxury apartment property in Newark’s bustling North Ironbound neighborhood.