Russo Development and Onyx Equities are banking on the need for local distribution space — and the rise of secondary industrial markets in New Jersey — after recently acquiring a coveted development site in East Hanover.
A joint venture has closed on the site of a Mahwah office building that it now plans to redevelop as 200,000 square feet of modern industrial space, brokers with CBRE said Monday.
JLL Capital Markets has negotiated $80 million in permanent financing for Vermella at Garwood Station, a new 296-unit, transit-oriented, luxury apartment building in Garwood.
Russo Development has secured $103 million in financing for a new collection of 428 luxury apartments in Union Township, under a deal arranged by G.S. Wilcox & Co.
Kushner Real Estate Group and Russo Development have all but completed a new collection of 345 luxury apartments in Rockaway, where leasing is now underway.
Russo Development and Onyx Equities have acquired 62 acres at the well-known Novartis campus in East Hanover, with plans to build more than 800,000 square feet of new industrial space in place of what’s now a cluster of vacant office buildings.
Russo Development has launched leasing at a new 296-unit high-end apartment building in Garwood, seeking to lure renters to a site that is steps from commuter rail service.
Russo Development is gearing up to open its latest luxury multifamily project, a collection of nearly 300 apartments in the Union County borough of Garwood.
A joint venture has broken ground on the first piece of what will ultimately be more than 400 luxury apartments and new public space alongside an NJ Transit train station in Orange.
A joint venture has tapped NAI James E. Hanson as its leasing agent for more than 36,000 square feet of retail space at a new mixed-use development in Hackensack.
