In 2016, a year after completing a 72-unit residential building in Newark’s Ironbound section, J&L Cos. turned its focus to its next major project — restoring and converting a historic garment factory on Green Street to bring another 64 apartments to the neighborhood.
One Wall Partners has added a new property management executive to help the company oversee its growing portfolio of transit-oriented workforce housing in the region.
Demand for cold storage warehouse space nationwide, and particularly in the Garden State, is on fire, largely because of rising online fresh grocery sales and changing consumer preferences for fresher foods. Meeting that demand could prove challenging — given the cost and complexity of such projects and the need for specialization — but some developers are positioning themselves to be ready when users come calling.
A nonprofit children’s services agency has sold nine properties totaling nearly 82,000 square feet, under a series of newly completed transactions by CBRE.
A specialty foods distributor has acquired an 18,000-square-foot industrial building in Newark for nearly $3 million, Bussel Realty Corp. said Tuesday.
A newly opened, 264-unit apartment building in downtown Newark is set to welcome a craft brewery and tap house to its commercial offerings.
An investor has paid more than $7.3 million for a 47-unit apartment building in Orange, CBRE said, in the largest of four newly completed transactions in Essex County.
Brokers with Meridian Capital Group are seeking a buyer for a development site in downtown Newark, one that is fully approved for nearly 600 high-end apartments across two towers.
A longtime New Jersey apartment owner has reaped $146 million from the sale of seven properties in Essex, Monmouth and Mercer counties, brokers with CBRE said Tuesday.
A new stock of luxury, market-rate apartments is beginning to take shape in downtown Newark, where stakeholders hope to attract the type of rental population that can create a 24-hour, seven-day neighborhood that has long eluded the central business district.
Developers say they’re encouraged by the early returns, but are preparing for the market to be tested by larger-scale projects and an influx of additional units. City officials are also preparing for what could be a dramatic uptick in interest from builders — which they will have to balance with public policy goals such as expanding affordable housing for Newark residents.