Government & Public Policy
EDA approves $114 million tax credit for major HMH health care hub, apartments at Metropark

The state has pledged nearly $114 million in tax credits over 10 years to a project that would transform the Metropark train station in Woodbridge, where plans call for 235 apartments and nearly 250,000 square feet of office and medical space for Hackensack Meridian Health.

Roundtable
How is Gen Z influencing design or construction choices for new apartment buildings?

How is Gen Z influencing design or construction choices for new apartment buildings? We assembled a panel of industry experts to tackle this month’s question.

Residential & Mixed Use
First residents arrive at Russo’s 296-unit Vermella Broad Street project in Newark

Russo Development has welcomed its first 50 residents to a new 296-unit luxury apartment property just north of NJ Transit’s busy Broad Street station in Newark.

Industrial
Report: TJX leasing 1.3 million sq. ft. at Kingsland Meadowlands industrial park

The parent of T.J. Maxx, HomeGoods and Marshalls has leased nearly 1.3 million square feet of industrial space in the Meadowlands, marking the first deal at a massive campus being built by Russo Development and Forsgate Industrial Partners.

Residential & Mixed Use
Russo unveils highly touted 296-unit rental property near Newark’s Broad Street Station

Russo Development’s new upscale apartment property in Newark is set to open its doors, in a key milestone in the firm’s high-profile entrance to the state’s largest city.

Events
Real estate icons among honorees at Meadowlands Chamber gala, 50th anniversary celebration

If there was any doubt about the commercial real estate industry’s impact on northern New Jersey, this year’s Meadowlands Chamber Legacy Awards Reception was a clear reminder. The organization hosted the annual gala on Oct. 12 while marking the 50th anniversary of its founding. Fittingly, it also unveiled a list of the 50 most influential people in the region’s history — including more than a dozen iconic developers and real estate service providers, from Jerry Gottesman and Jon and Peter Hanson to Gretchen Wilcox and Dave Gockel.

Industrial
Russo, River Development set to unveil 211,000 sq. ft. spec industrial building in Kearny

Russo Development and River Development are nearing the completion of more than 211,000 square feet of new logistics space just off Interstate 280 in Kearny.

Residential & Mixed Use
Russo unveils final rental building in Union, completing more than 1,200 units at ex-Merck site

Russo Development has marked the opening of more than 300 new luxury apartments in Union Township, the final piece of a sweeping plan to transform a 42-acre former Merck & Co. campus adjacent to Kean University.

Residential & Mixed Use
Russo, Dinallo hit 60 percent leased mark at new Orange apartment building

The developers of a new 209-unit apartment building in Orange are off to a fast start after the launch of leasing, having rented more than 60 percent of the property in just three months.

Residential & Mixed Use
Russo welcomes project partners, local officials to new Orange apartments

Russo Development recently marked the opening of Essex & Crane, its new luxury apartment building in Orange, welcoming project partners and local officials to tour the 209-unit property.