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.
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.
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.
McCarter & English LLP has announced new co-chairs of its real estate practice group, including a longtime partner in its headquarters office in Newark.
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.
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.
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.
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.
While Ironside Newark is still months away from completion, Edison Properties is moving quickly toward achieving its vision for the adaptive reuse project.
