Health Care & Education
Charting a course: KIPP New Jersey has been nimble, creative in finding new school locations in Newark

KIPP New Jersey has grown its portfolio of Newark charter schools with the type of nimble, resourceful approach that is often used by developers and real estate investors in urban settings. The proof is in the makeup of its portfolio, which includes everything from new construction and renovated facilities to leased spaces in places like the heralded Teachers Village project.

Residential & Mixed Use
Newark garden apartment complex sells for $50 million

The longtime owner of a 452-unit garden apartment complex in Newark has sold the property for $50 million, in a deal arranged by Gebroe-Hammer Associates.

Event Coverage
New development, Amazon bid highlight potential for Newark office market

Despite high overall vacancy and a recent slowdown in leasing, Newark is starved for modern Class A office space — creating an opportunity for developers that can capture that demand.

Residential & Mixed Use
Newark towers trade for $70 million, Kislak says

An investor has paid more than $70 million for a two-building, 680-unit apartment property just north of downtown Newark, according to brokers with The Kislak Co. Inc.

Industrial
Newark industrial project lands $16.2 million construction loan

HFF has secured $16.2 million in financing for the development of a 290,063-square-foot, speculative industrial building near Newark’s port district.

Professional Services
McCarter names new co-chairs in real estate group

McCarter & English LLP has announced new co-chairs of its real estate practice group, including a longtime partner in its headquarters office in Newark.

Retail
Weiss: Newark retail property trades for $1.3 million

A corner retail property in Newark is under new ownership and will soon have a new use, following a $1.3 million sale arranged by Weiss Realty and Pierson Commercial.

Residential & Mixed Use
New $80 million rental tower slated for downtown Newark (SLIDESHOW)

A developer has unveiled plans for an $80 million luxury apartment project in Newark, touting a 256-unit tower that will offer “resort-style living” in the heart of the city’s downtown.

Industrial
New 290,000 sq. ft. industrial project underway in Newark

Construction is underway on a new 290,000-square-foot distribution center project just outside Port Newark-Elizabeth, according to brokers with CBRE who are marketing the property.

Photos
PHOTOS: USGBC NJ members’ tour of Panasonic’s Newark headquarters

The U.S. Green Building Council of New Jersey recently hosted a members’ tour of Panasonic Corp. of North America’s state-of-the-art, 340,000-square-foot office tower in Newark.