Government & Public Policy
Newark issues RFQ for builders, nonprofits for new equitable growth housing initiative

The city of Newark has issued a call for experienced contractors, developers and nonprofits for a new program to make housing more affordable and, in the process, expand opportunities for minority- and women-owned firms in real estate.

Government & Public Policy
Leaders in New Jersey housing, redevelopment pay tribute to late Sen. Ron Rice

The death of former state Sen. Ronald Rice resonated throughout New Jersey this week, drawing tributes from groups including those involved in housing and urban redevelopment.

Finance & Capital Markets
Developer of 203-unit Newark rental tower inks $50 million construction loan, FM Capital says

A developer has secured nearly $50 million in financing for a planned 203-unit apartment building in Newark’s University Heights section, in a deal arranged by FM Capital.

Office
JLL: Buyer wanted for Three Gateway in Newark, amid ongoing overhaul of iconic complex

Three Gateway Center, one of four buildings in Newark’s revamped Gateway complex and the home of more than 500,000 square feet of office space, is on the market for sale.

Industrial
Prologis eyes new 142,000 sq. ft. industrial development near Port Newark

Prologis Inc. is bringing more than 140,000 square feet of new industrial space to a site near Port Newark-Elizabeth, in one of several projects in its New Jersey development pipeline.

Residential & Mixed Use
Accurate’s pipeline is surging, with an aggressive (but long-term) approach to development

Accurate has been prolific in building and lining up new multifamily development projects across New Jersey, having completed some 1,000 residential units since 2021 alone. It now has construction underway, approvals in place or sites under control to build another roughly 6,400 apartments and townhomes, including some 4,000 in Newark, with more to come.

Office
Matrix adds new food option, touts 37,000 sq. ft. in leasing at Newark Legal Center

Matrix Development Group has announced a flurry of new leasing activity at the office tower known as the Newark Legal Center, where it’s also welcoming a new café operator.

Deals
NAI Hanson inks sale of parking lot, would-be development site in downtown Newark

A prospective developer has acquired a parking lot in Newark’s growing Lincoln Park neighborhood, in a recent deal by NAI James E. Hanson.

Professional Services
Ware Malcomb promotes Rodgers to director of public relations, communications

Design firm Ware Malcomb has elevated Maria Rodgers to director of public relations and communications, marking her second promotion since the start of last year.

Residential & Mixed Use
Buyer wanted for Newark development site approved for 209 rentals, Veerman says

The owner of a Newark property with approvals for 209 new apartments is seeking a buyer for the parcel’s land interest, in a newly announced offering by Veerman Asset Management.