A maker of lab supplies has leased 121,000 square feet at a Mahwah industrial building, in one of several year-end deals announced by Team Resources Inc.
Murphy Partners hires tax appeal, litigation attorney to helm new practice
Murphy Partners LLP has added a veteran attorney to lead its newly formed property tax appeal and litigation practice groups.
Joint venture acquires Gateway 1, 2 and 4 in Newark, plans concourse transformation
A joint venture has acquired 1, 2 and 4 Gateway Center in Newark, bringing 1.6 million square feet of office space under a common ownership and paving the way for a sweeping, multimillion-dollar plan to modernize the complex’s concourse and streetscape.
A new day for Gateway: How Onyx plans to transform Newark’s iconic office complex
A joint venture announced that it has acquired 1, 2 and 4 Gateway Center, allowing it to consolidate ownership of 1.6 million square feet of office space. Onyx Equities LLC is part of that group and is now spearheading the effort to modernize the network of pathways, part of a high-profile effort to overhaul the complex.
Newark affordable housing complex sells for $47.5 million
Jonathan Rose Cos. has sold a 360-unit, age-restricted affordable housing property in Newark for more than $47 million, according to brokers involved with the transaction.
Paramount debuts 7-Eleven at historic bank property in Newark
Paramount Assets has completed its adaptive reuse of a historic bank building in Newark’s Ironbound section, welcoming 7-Eleven as the last of its two tenants.
Paramount debuts rental project at historic Newark building
Paramount Assets has completed its transformation of a historic commercial building in downtown Newark, delivering 37 new luxury apartments and street-level retail space.
Developers, state officials face dual task with Opportunity Zone projects
Amid the rollout of the new federal Opportunity Zone program, developers and public officials are trying to balance two key objectives: Identifying shovel-ready projects — allowing investors to maximize the tax benefits of the law — and steering capital to low-income areas that weren’t already attracting investment and may have higher barriers to entry. The state believes it can check both boxes with the right coordination and by layering in the subsidies that have helped revitalize many of New Jersey’s cities and downtowns.
HMFA awards $28 million in tax credits, supporting 1,400 affordable housing units
By Joshua Burd The state has awarded its latest round of funding under the federal Low Income Housing Tax Credit program, allowing developers to generate an estimated $270 million in private equity in support of more than 1,400 new affordable…
Joint venture acquires Springfield Avenue shopping center in Newark
An affiliate of Goldman Sachs and Madison Marquette have acquired one of Newark’s newest retail properties — a fully occupied, grocery-anchored shopping center on Springfield Avenue.
