Kearny industrial building trades for $21 million, Marcus says

An investor has acquired a 135,000-square-foot industrial building in Kearny for more than $21 million, in a newly announced transaction by Marcus & Millichap.

JLL: Investor buys Newark retail property, would-be redevelopment site for $9 million

A private investor has acquired a retail property in downtown Newark, brokers with JLL announced, touting a potential redevelopment opportunity in a growing section of the city.

Developers plan 21-unit apartment building in Hackensack Opportunity Zone

A joint venture is proceeding with plans for a 21-unit apartment building in Hackensack after recently securing planning board approval for the project.

New grants for New Jersey towns, cities could boost redevelopment opportunities

Business leaders are cheering the passage of a new economic development incentives law in New Jersey, following a two-year battle in Trenton and the added uncertainty of the pandemic. Yet some stakeholders are pointing to a far less heralded, less contentious piece of the New Jersey Economic Recovery Act as a key tool for spurring new investments around the state.

Flemington taps global consulting firm, launches downtown revitalization plan

Armed with a $100,000 state grant, the borough of Flemington is taking new steps to draw private development and community-focused investment to its historic downtown.

Relaxed deadlines could bring new attention, momentum to Opportunity Zone projects

The COVID-19 pandemic has threatened to stall many development projects nationwide, including those under the federal Opportunity Zone program, but experts say those investments could gain new momentum after a series of recent steps by regulators.

Meridian: Buyer wanted for new Opportunity Zone rental building in Hackensack

A newly built, 88-unit apartment building has hit the market for sale in downtown Hackensack, where brokers are touting several key tax benefits for a would-be buyer.

EDA opens application period for Opportunity Zone grant program

The state Economic Development Authority has begun accepting applications for a new grant program seeking to help municipalities and counties draw investors to federally designated Opportunity Zones.

Buyer wanted for two-tower, 594-unit Newark development site, Meridian says

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.

C&W: Buyer wanted for 126-unit rental project at historic Hackensack site

An investment group is seeking a buyer for what will become a two-building, 126-unit luxury apartment complex at the site of a historic bank tower in Hackensack.