Professional Services
Shaw to helm Alban Group as partner, executive vice president with Newark-based firm

The Alban Group has named a new partner and executive vice president to lead the construction firm after more than 30 years under the guidance of the late Tim Zerka.

Health Care & Education
Historic Newark church sold for $2.5 million, slated to become charter school

A charter school has purchased a historic church building and two adjoining structures in Newark for $2.5 million, in a deal arranged by Coldwell Banker Realty.

Industrial
Turnbridge, Long Wharf sell Newark logistics complex for $128 million

Turnbridge Equities and Long Wharf Capital have sold a three-building, 738,000-square-foot industrial complex in Newark for nearly $128 million, the firms announced Tuesday.

Government & Public Policy
Lions Gate awarded EDA ‘Studio Partner’ designation, boosting tax credit eligibility

Lions Gate Films Inc. has secured a key designation by the state Economic Development Authority, allowing it to secure additional incentives in connection with a sprawling studio complex that’s now under construction in Newark.

Community
J&L, Sordoni partner for second annual toy drive benefiting Newark’s CCP Church

A toy drive for children in Newark’s Ironbound section made its return this week with the help of the development team for a new 12-story, 403-unit apartment building in the area.

Residential & Mixed Use
Newark, East Newark portfolio with 20 apartments trades for $3.2 million, Kislak says

A partnership has sold a three-building, 20-unit apartment portfolio in Newark and East Newark for nearly $3.2 million, according to a brokerage team with The Kislak Co. Inc.

Editor’s Note
Sustained success

As you’ll read in this month’s cover story, the state’s Community Solar Energy Pilot Program has made it both easier and more lucrative for commercial property owners in New Jersey to go green, allowing solar developers to lease their rooftops and sell power to nearby residents. The policy has been critical to the growth of Solar Landscape, a solar developer founded in 2012 that’s been integral to the program’s rollout. Based in Asbury Park, the 10-year-old firm has leased more than 20 million square feet of rooftop space in New Jersey, making it a key player in the commercial real estate market in just a few years.

Industrial
Marcus inks sale of 31,000 sq. ft. Newark industrial building for $6 million

A private owner has sold a nearly 32,000-square-foot Newark industrial building for $6 million, in a newly announced transaction by Marcus & Millichap.

Professional Spotlight
Minno & Wasko Architects and Planners

MINNO & WASKO’s staff has extensive experience in all forms of residential and mixed-use construction. “Our designs are responsive to each individual market and are unique in creating projects that have lasting value to Owners and residents.” “We are about place-making and streetscape animation.”

Finance & Capital Markets
Newark, Irvington apartment owner refis for $39 million, Greystone says

The owner of a 287-unit apartment portfolio in Essex County has refinanced for more than $39 million, Greystone said, securing the debt under Freddie Mac’s Small Balance Loans program.