Office
Newark’s construction boom is bolstered by a long-awaited change in perception, CBRE says

Experts say Newark is enjoying not only a surge of new private-sector investment, but also a level of interest that is helping to break the stigma that has plagued it for decades.

Health Care & Education
Newark medical office building sells for $4.25 million

A newly renovated, 37,500-square-foot medical office building in Newark’s Ironbound section has changed hands for $4.25 million, in a deal arranged by The Kislak Co. Inc.

Residential & Mixed Use
Koreyva joins PRC Group as COO

PRC Group has hired a familiar face and a well-known banking executive in New Jersey as its new chief executive.

Office
Lotus project banks on Newark’s rising profile, intrigue of timber construction

Lotus Equity Group hopes to tap into the intrigue of a mass timber office building as it markets plans for Riverfront Square, a sweeping mixed-use project at the site of the former Newark Bears stadium. The developer and its marketing team, led by brokers with Cushman & Wakefield, are also banking on the rising interest in Newark as a destination for new office users, following recent high-profile deals and the city’s selection as a finalist for Amazon’s second headquarters.

Office
JLL named leasing agent for One Gateway in Newark

The owners of One Gateway Center in Newark have hired JLL as the leasing agent for the 26-story office tower, less than a month after announcing plans to reposition the property.

Professional Services
Veteran NAI Hanson broker promoted to VP

NAI James E. Hanson has promoted one of its longtime industrial brokers.

Office
It’s official: Edison, Mars Wrigley ink lease for Ironside Newark

Edison Properties and Mars Wrigley Confectionery U.S. have completed a lease that will bring the candy company to downtown Newark.

Retail
United Way luncheon presents annual Impact Award, honors Hollister founder

A high-profile redevelopment project in Newark was honored Friday before a crowd of more than 500, winning an annual award from the United Way of Northern New Jersey.

Health Care & Education
Hollister kicks off Newark hospital rehab, arts hub for nonprofit (SLIDESHOW)

A nonprofit focused on education through glassmaking will anchor a historic hospital building in Newark that is now being restored as a creative hub for arts and sciences.

Roundtable
How have some local governments changed their approach to development since the downturn?

How have some local governments changed their approach to development since the downturn? We assembled a panel of industry experts to tackle this month’s question.