Residential & Mixed Use
Panepinto, adding to five-decade legacy in Jersey City, breaks ground on 605-unit high-rise

Panepinto Properties has broken ground on a 53-story residential tower in Jersey City, with plans to add more than 600 apartments to the burgeoning Journal Square neighborhood as its hails its latest investment during nearly five decades in the municipality.

Finance & Capital Markets
Developers ink $58 million refi of 240-unit Journal Square rental building, JLL says

The owners of a six-year-old, 240-unit luxury apartment building in Jersey City have closed on $58 million in financing for the property, according to a debt placement team with JLL.

Office
Panepinto, Naparstek and Elkouby join Exchange Place Alliance board in Jersey City

Three commercial real estate leaders have joined the board of the Exchange Place Alliance, an organization promoting economic growth and improvements in downtown Jersey City.

Residential & Mixed Use
Saint Peter’s unveils new ‘Panepinto Hall’ in honor of Jersey City developer, alumnus

Saint Peter’s University has opened a new residence hall in Jersey City that will be named after iconic developer Joseph A. Panepinto, an alumnus and longtime benefactor of the school.

Finance & Capital Markets
Urby, Panepinto secure $88 million loan for 317-unit Journal Square high-rise, JLL says

A joint venture has landed nearly $90 million in financing for its development of a 317-unit apartment tower in Jersey City, according to a debt placement team with JLL.

Events
ULI to honor top New Jersey projects, industry players at 2022 awards gala

The Urban Land Institute of Northern New Jersey is set to honor more than a dozen commercial real estate projects, deals and industry leaders as part of its upcoming annual awards gala.

Hospitality & Tourism
New 211-room hotel opens in Jersey City’s burgeoning arts district

A development team has opened the doors to a new 211-room hotel in downtown Jersey City, with a focus on paying homage to the city’s growing arts and cultural scene.

Residential & Mixed Use
Jersey City: Ironstate, Panepinto hail leasing milestone at 539-unit rental tower

Renters have flocked to a newly built, 51-story apartment tower in downtown Jersey City, leasing more than 400 of its 539 units since late last year.

Residential & Mixed Use
HFF: Would-be redevelopment site sold in Journal Square

The site of a well-known diner in Jersey City has changed hands, paving the way for potential redevelopment in the city’s newly revitalized Journal Square neighborhood.

Residential & Mixed Use
Massive project by Ironstate, Panepinto has anchored a revival in Jersey City neighborhood

Over the past 15 years, Panepinto Properties and Ironstate Development have transformed an entire block in the heart of downtown Jersey City, delivering three towers with nearly 1,500 apartments, along with a 152-key hotel, a 1,000-space parking garage and street-level retail space along Columbus Drive. In the process, they have anchored the resurgence of a neighborhood just a few blocks from the Hudson River, paving the way for other projects in the booming multifamily submarket.