Government & Public Policy
City, state officials break ground on highly touted pedestrian bridge to link Newark’s downtown, Ironbound section

Construction is set to begin on a long-awaited pedestrian bridge that will connect downtown Newark to the city’s acclaimed Ironbound neighborhood, helping to spark new development and create additional access to both Newark Penn Station and the Prudential Center.

Industrial
CrownPoint, Lamar detail plans for 1,200-unit self-storage facility in Newark’s Ironbound

CrownPoint Group and Lamar Cos. are set to build a new 135,000-square-foot self-storage facility in Newark after acquiring a one-acre parcel in the city’s Ironbound section.

Finance & Capital Markets
Private equity firm Northwind lends $35 million to upgrade 216-unit Newark apartment tower

By Joshua Burd The owner of a 216-unit apartment tower in Newark has snagged $35 million in financing for a major renovation of the building, in a deal originated by Northwind Group. Based in Manhattan, the real estate private equity…

Office
Audible taking new steps to drive office, retail activity in Newark beyond its headquarters

Audible’s newest set of business attraction efforts in Newark figure to have a direct impact on commercial real estate near its headquarters in the city, its home of more than 15 years.

Government & Public Policy
Developer lands $90 million Aspire tax credit award for 350-unit Newark rental project

A developer has secured a $90 million tax credit award for its plan to build a 14-story, 350-unit apartment building just south of Newark’s Broad Street station.

Finance & Capital Markets
PGIM Real Estate taps Marcus, Amabile as co-CEOs

PGIM Real Estate has picked two of its longtime executives as co-CEOs amid several newly announced appointments for the Newark-based asset manager.

Government & Public Policy
Newark to provide financing, support for activating vacant storefronts downtown

The city of Newark has launched a program aimed at filling vacant storefronts in its downtown, offering up to $650,000 in financial support to prospective retailers and restaurateurs.

Industrial
C&W: Port submarket still strong even as leasing, cargo volumes normalize

Industrial rents near Port Newark-Elizabeth are still rising despite a pullback in leasing, thanks to new development and the continued dominance of the East Coast’s top shipping hub.

Residential & Mixed Use
Berkadia: Investor buys 33-unit Newark apartment building for $4.3 million

An investor has purchased a 33-unit apartment building in Newark for $4.3 million, in one of several recent deals by Berkadia’s New Jersey team.

Office
Audible launches program to boost leasing, business growth around Newark’s Tubman Square

Audible has unveiled a new series of business attraction efforts in its home city of Newark, including a plan to create leasing opportunities near its headquarters that has already benefited six companies in the tech innovation, hospitality and entertainment sectors.