Finance & Capital Markets
C&W: Owner of Meadowlands, Union industrial portfolio inks $66 million refi loan

An investment group has refinanced a six-building industrial portfolio in Bergen and Union counties for $66 million, in a newly completed transaction by Cushman & Wakefield.

Finance & Capital Markets
JLL: Developer lands permanent financing for new Union rental project

The developer of an 80-unit luxury apartment building in Union has secured permanent financing for the property, in a transaction arranged by JLL.

Residential & Mixed Use
Developer completes lease-up at 80-unit rental project in Union, eyes second phase

A developer has completed its lease-up at an 80-unit luxury apartment building in Union, touting the milestone despite opening just weeks before the state’s coronavirus outbreak.

Retail
Bed Bath & Beyond names new senior vice president of real estate, construction

Bed Bath & Beyond Inc. has hired a veteran retail and real estate executive to spearhead a newly announced plan to streamline its portfolio of stores, logistics centers and office space.

Retail
Goldstein Group touts 42,000 sq. ft. in northern, central New Jersey retail leases

Eight tenants have combined to lease more than 42,000 square feet of retail space in northern and central New Jersey, in a series of newly announced deals by The Goldstein Group.

Retail
CVS opens at Russo’s sprawling mixed-use project in Union

CVS Pharmacy has opened its doors at Russo Development’s new mixed-use property in Union, joining several other retailers serving hundreds of new apartments and Kean University.

Residential & Mixed Use
Developer touts construction progress, retail leasing at Union rental project

Construction is well underway for a planned 75-unit apartment building in Union, the second phase of a project to transform one of the township’s busiest thoroughfares.

Residential & Mixed Use
Leasing teams turn to virtual tours, platforms to lure renters during stay-at-home order

In-person tours have been curtailed and lease numbers are down, but virtual tours are helping luxury apartment buildings bring in renters in this time of social distancing. The virtual elements are so useful, in fact, that building representatives said they’ll keep using them after the coronavirus crisis is over.

Office
Merck moving headquarters back to Rahway, reportedly selling Kenilworth site

Merck & Co. is leaving its Kenilworth headquarters and returning its front office to Rahway, in a move that is slated to take place by the end of 2023.

Residential & Mixed Use
Virtual tours paying dividends for new luxury rentals in Union

The launch of virtual tours and presentations is bearing fruit for a newly developed, 80-unit apartment building in downtown Union.