A newly enacted law allows New Jersey municipalities to assemble blighted properties within their borders, creating land banks that they can use to spur much-needed redevelopment.
Holistic thinking, public-private approach remain a focus at New Jersey Future’s redevelopment forum
New Jersey Future’s annual Redevelopment Forum drew a crowd hundreds to New Brunswick recently, in a show of support for big-picture planning, adaptive reuse and public-private collaboration when it comes to development in the Garden State.
EDA aims to lure grocery co-op from Staten Island, keep food service firm in Paterson
The state is hoping to coax a supermarket co-op to move its offices from Staten Island to Old Bridge as part of a recently approved tax credit incentive, as it moves to keep another food-related company from moving jobs out of New Jersey.
Murphy: Developers can seek up to $4 million under proposed historic tax credit program
Gov. Phil Murphy is hoping to lure new investors to some of the state’s oldest buildings, touting a proposed historic preservation tax credit as part of his plan to overhaul New Jersey’s embattled incentive programs.
Team Resources inks 121,000 sq. ft. lease in Mahwah among Q4 deals
A maker of lab supplies has leased 121,000 square feet at a Mahwah industrial building, in one of several year-end deals announced by Team Resources Inc.
Brooklyn electrical contractor buys Paterson building for $7.8 million
An electrical contractor is expanding into New Jersey with its purchase of a Paterson industrial building, under a $7.8 million deal arranged by Team Resources Inc.
Marcus: Newly built, mixed-use building in Paterson trades for $6.7 million
A developer has sold a newly built apartment and retail property in Paterson, in a $6.7 million transaction arranged by Marcus & Millichap.
ULI highlights top New Jersey CRE projects, industry leaders at awards dinner
The Urban Land Institute honored a dozen commercial real estate projects and industry leaders last week as part of an annual awards dinner hosted by its northern New Jersey chapter.
Lenders close $12.5 million loan for 107-year-old ‘Art Factory’ in Paterson
The owner of a historic factory complex in Paterson that is home to artists, filmmakers and other creative users is getting a $12.5 million infusion for the property, under a loan closed by Silver Arch Capital Partners and Procida Funding & Advisors LLC.
Paterson retail center trades for $4 million, Marcus says
A private investor has sold a nearly 27,000-square-foot shopping center in Paterson for $4 million, in a transaction arranged by Marcus & Millichap.
