Industrial
CenterPoint adds Newark development site, plans 186,000 sq. ft. industrial project

CenterPoint Properties has acquired a nearly 13-acre development site in Newark, where it’s now planning more than 180,000 square feet of logistics space minutes from Port-Newark Elizabeth.

Office
L+M unveils office space at landmark Newark tower, now a mixed-use destination

A development and brokerage team has taken the wraps off more than 50,000 square feet of available office space inside one of downtown Newark’s most iconic buildings.

Office
JLL: Transit hub submarkets stay on track with rent growth, tenant demand

Office markets around New Jersey’s transit hubs are still outshining their suburban counterparts, with a widening gap in asking rents and continued interest from major tenants.

Office
Adaptive reuse project has brought new co-working space, apartments to Newark’s Ironbound

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.

Residential & Mixed Use
One Wall hires veteran multifamily management exec for its growing portfolio

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.

Industrial
Freezer, cooler space in high demand in New Jersey, as users face a lack of supply

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.

Government & Public Policy
CBRE: Social services agency inks nine-building, $8.27 million portfolio sale

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.

Industrial
Food user acquires 18,000 sq. ft. industrial building in Newark, BRC says

A specialty foods distributor has acquired an 18,000-square-foot industrial building in Newark for nearly $3 million, Bussel Realty Corp. said Tuesday.

Residential & Mixed Use
Developers detail plans for brewery at landmark Newark tower

A newly opened, 264-unit apartment building in downtown Newark is set to welcome a craft brewery and tap house to its commercial offerings.

Residential & Mixed Use
CBRE touts Essex County apartment sales totaling $13.6 million

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.