Office
NVE, JLL detail plans for newly assembled 625,000 sq. ft. innovation hub in East Hanover

New Vernon Equities has acquired 350,000 square feet of high-end office space at the former Novartis Corp. campus in East Hanover, with plans to incorporate the buildings into a larger development that caters to firms in life sciences and other innovation sectors.

Residential & Mixed Use
Hampshire adds to Hackensack rental portfolio with debut of 271-unit project (SLIDESHOW)

The Hampshire Cos. has opened the doors to a new 271-unit luxury apartment building in Hackensack, marking the latest addition to its fast-growing rental portfolio in the city.

Industrial
Newmark: Ares provides $135 million loan for East Hanover cold storage, warehouse project

The developers of some 584,000 square feet of new cold storage and industrial space in East Hanover have secured a $135 million construction loan, brokers with Newmark said Tuesday.

Technology
It’s complicated: Power, infrastructure constraints loom large as NAIOP panel weighs data center growth in New Jersey

The data center landscape in the U.S., particularly in New Jersey, is experiencing significant growth driven by the evolution of technologies such as artificial intelligence and cloud computing. Yet there is still a good deal of uncertainty around how to meet this growing need.

Industrial
Developers, business groups launch ‘Circulate NJ’ coalition to tout logistics industry amid pushback to warehouse projects

Commercial real estate and business leaders have a launched new coalition to promote the benefits of New Jersey’s logistics sector and defend against rhetoric that has stalled a growing number of warehouse development projects in recent years.

Industrial
RealCold joins Russo, Onyx to kick off 380,000 sq. ft. cold storage project in East Hanover

Construction is set to begin for a new 380,000-square-foot cold storage facility in East Hanover, in a project that’s bringing new life to a piece of the iconic Novartis Corp. campus on Route 10.

Community
New gallery for Newark Arts opens at Russo’s Vermella Broad Street project

Russo Development has opened the doors to a new year-round art gallery at the base of Vermella Broad Street, a 296-unit luxury apartment property that opened earlier this year.

Industrial
Seagis buys new 211,000 sq. ft. Kearny warehouse in deal with Russo, River Development

Seagis Property Group has acquired more than 211,000 square feet of newly completed logistics space in Kearny, in a deal arranged by Cushman & Wakefield.

Features
Splendor’s growth in Red Bank, creative agency’s home since 2011, has gone hand in hand with robust commercial real estate practice

Commercial real estate clients have been critical to Splendor’s growth as a full-service creative agency, as have the firm’s own decisions about locating and growing its business in Red Bank.

Top News
Project tour, expansion to new schools helping to grow ULI’s UrbanPlan program for students

The Urban Land Institute’s UrbanPlan program is growing in New Jersey with its recent expansion to a second school district and a project tour led by Russo Development, creating new opportunities for students to participate in hands-on, simulated real estate planning.