The state Economic Development Authority has launched a grant program aimed at sparking new development and art projects in cities that are served by mass transit but saw a drop in commuter foot traffic during the COVID-19 pandemic.
A development group has acquired the site of Newark’s famed Iberia Tavern & Restaurant and several surrounding lots, where it now hopes to build more than 2,000 residential units and a bustling restaurant row in the heart of the city’s Ironbound district.
Bridge Industrial has secured $64.3 million in financing to build more than 200,000 square feet of new logistics space in Newark’s port district, brokers with JLL announced.
The STRO Cos. has acquired nearly 46,000 square feet of industrial space across two buildings in Newark’s South Ironbound section, the firm announced Friday.
The state has lent its support to three projects that will create or renovate a combined 728 apartments in Newark, Camden and Morristown — most of them for lower-income renters — after awarding nearly $121 million in tax credits under a new gap financing program.
New Jersey’s fast-growing cannabis market and its impact on commercial real estate took center stage last month as part of an event hosted by the Industrial & Office Real Estate Brokers Association and the Mid Atlantic Real Estate Journal.
The United Way of Northern New Jersey has announced eight finalists for its upcoming commercial real estate awards program, part of an event that serves as its largest annual fundraiser and draws hundreds of top industry professionals.
