March of Dimes honors Johnson, raises $375,000 (SLIDESHOW)

More than 200 members of New Jersey’s commercial real estate sector turned out to honor Christopher Johnson of Hollister Construction Services, raising more than $375,000 for an annual event hosted by the March of Dimes North Central New Jersey.

Saxum plans office project in Austin as first Opportunity Zone investment

Saxum Real Estate has landed in Austin for its first investment under the federal Opportunity Zone program, teaming with a local developer to acquire a site for a new ground-up office building.

Developers see new, long-awaited opportunities in Red Bank

Red Bank is now embracing redevelopment and smart growth concepts more than it has in recent memory, insiders say, as evidenced by the growing list of projects that are now under construction or in its pipeline. That embrace is a long time coming for developers that have seen all the community has to offer — from its popular downtown to the Navesink River waterfront, along with a rich cultural scene and an affluent population.

Developers, state officials face dual task with Opportunity Zone projects

Amid the rollout of the new federal Opportunity Zone program, developers and public officials are trying to balance two key objectives: Identifying shovel-ready projects — allowing investors to maximize the tax benefits of the law — and steering capital to low-income areas that weren’t already attracting investment and may have higher barriers to entry. The state believes it can check both boxes with the right coordination and by layering in the subsidies that have helped revitalize many of New Jersey’s cities and downtowns.

Saxum adds controller to growing team

Saxum Real Estate has added to its team with the hiring of a new controller.

Hollister details new leadership team, new role for longtime CEO

The founders of Hollister Construction Services have turned over the reins to a new crop of top executives, as its longtime CEO transitions to a strategic role outside of day-to-day management.

Saxum announces new $100 million fund for Opportunity Zones

Development and investment firm Saxum Real Estate has launched a $100 million fund dedicated to projects in newly created federal Opportunity Zones, as it prepares for the program’s highly anticipated rollout later this year.

Medical office building is Saxum’s latest acquisition in Madison

Saxum Real Estate has closed on its second property in Madison, acquiring a 19,700-square-foot medical office building in the borough’s downtown.

Saxum names new director of leasing

Saxum Real Estate has hired a new director of leasing for its growing roster of downtown commercial buildings.

Downtown Montclair buildings are latest acquisitions for Saxum

Saxum Real Estate has expanded its holdings in downtown Montclair with the acquisition of two neighboring properties, including a 25,000-square-foot former bank building.