Editor’s Note
Building momentum

The Museum Parc project is now taking shape around The Newark Museum of Art, as you’ll read in this month’s cover story, as a development team constructs two new buildings with a combined 250 mixed-income apartments, ground-floor retail and additional cultural spaces such as a vibrant, glass-enclosed gallery. The construction along Central Avenue is now about 50 percent complete, as anticipation builds for full delivery in early 2027.

Office
NJ Transit, Horizon exploring plan to redevelop Newark office sites and build new 250,000 sq. ft. headquarters for health insurer

The site of two office buildings in downtown Newark could become up to 1,000 apartments and retail space under a proposal that involves the prospect of a new ground-up, 250,000-square-foot headquarters for Horizon Blue Cross Blue Shield of New Jersey.

Residential & Mixed Use
J&L inks lease with Alpha Fit Club to bring fitness studio to new Ironbound rental property

A new boutique fitness studio is coming to Newark’s Ironbound section after taking space at Fifty-Five Union, the 403-unit upscale multifamily property developed by J&L Cos.

Office
C&W: New leases, renewals fuel 90,000 sq. ft. in activity at revitalized 3 Gateway in Newark

Rugby Realty is reaping the benefits of a plan to modernize Newark’s 3 Gateway office tower, where it has inked some 90,000 square feet in recent leasing volume.

Retail
C&W: Investor buys seven-building Flagstar Bank portfolio in North Jersey for $4.4 million

Seven former Flagstar Bank branches in northern New Jersey have changed hands for a combined $4.4 million, according to a listing team with Cushman & Wakefield.

Professional Spotlight
Minno & Wasko Architects and Planners

MINNO & WASKO delivers architectural, planning, interior design, structural and sustainability design solutions for various market sectors including multifamily, transit-oriented mixed-use, hospitality, student housing, senior housing and continuing care.

Professional Services
Land use, redevelopment attorney Silbert joins MSW as counsel

Murphy Schiller & Wilkes LLP has bolstered its land use, zoning and redevelopment team with the addition of Michael E. Silbert as counsel.

Residential & Mixed Use
Would-be developer buys Newark mixed-use portfolio for $5.3 million, IPRG says

An investor has purchased a portfolio of 15 apartments and commercial space in Newark for $5.3 million, in a deal arranged by Investment Property Realty Group.

Professional Services
Gibbons, Frost Brown Todd joining forces to create new coast-to-coast law firm

Gibbons PC, one of New Jersey’s most storied and influential law firms, is merging with Cincinnati-based Frost Brown Todd LLP to create a new midmarket legal powerhouse with some 800 attorneys and reach across the country.

Professional Services
Gilbane taps Anderson as new business leader of New Jersey office

Gilbane Building Co. has a new leader in its New Jersey office after promoting John E. Anderson III, a veteran project manager and member of its team for more than a decade.