Seeking to rebrand and reposition a well-known office tower in Newark, a landlord has tapped Cushman & Wakefield as its property manager at the 592,000-square-foot building.
Audible unveils 80,000 sq. ft. ‘innovation cathedral’ at historic Newark church
Audible has completed its restoration of a historic church in downtown Newark, debuting a new 80,000-square-foot office and innovation space as part of its growing footprint in the city.
Newark open for business for medical marijuana centers
On May 1, 2019, the City of Newark Municipal Council adopted Ordinance 18-1970 by a 7-0 vote amending several sections of the City’s Zoning Ordinance. This new ordinance permits medical marijuana alternative treatment centers, medical marijuana cultivation facilities, medical marijuana manufacturing facilities, and medical marijuana safety compliance facilities (collectively, the “Medical Marijuana Uses”) as conditional uses in specified zoning districts within the City.
With conversion nearly complete, leasing launches at iconic Newark tower
A development group has nearly completed its restoration of a landmark tower in downtown Newark, where it will soon debut 265 apartments and a mix of new commercial space.
Newark Broad Street’s time to shine
Having started my commercial real estate career in Newark, New Jersey in the late 1980s, I’ve had a front row seat to the evolution of The Brick City, and specifically the strides taken by the community toward enhancing the soul of the downtown area. What was once a city centered largely around Newark Penn station, the region has experienced new growth, particularly northward and westward toward the Broad Street corridor. Additionally, while improvements over the past two decades were slow, but steady, the past five years have seen a more intense ramp up in activity.
Grand opening slated for 91-unit Newark rental project
Developers are preparing to take the wraps off a new residential building in Newark’s North Ironbound section, having already leased nearly half of its 91 luxury apartments.
Newark awarded $24 million HUD grant for public housing upgrades
The federal government has awarded more than $24 million to the city of Newark to fund a series of major capital improvements to public housing properties.
One Wall touts acquisition of 1,000-unit Pennsylvania portfolio
One Wall Partners, a Newark-based owner of transit-oriented workforce housing, has expanded its portfolio with the acquisition of nearly 1,000 apartments in eastern Pennsylvania.
Industrial user acquires 65,000 sq. ft. Newark building
A three-story industrial building off Interstate 78 in Newark has changed hands, following a sale brokered by the William F. Connors Agency.
Developer of Newark’s Teachers Village launches Opportunity Zone fund
RBH Group, the developer of the heralded Teachers Village project in Newark, is hoping to build on that success with a new investment fund under the federal Opportunity Zone program.
