Marcus & Millichap announced the sale of the mixed-use property, which offers views of the historic Absecon Lighthouse, the Absecon Inlet and the Atlantic Ocean.

“When we took office, we really had a pro-development stance because we recognized that a healthy city is a growing city,” Jersey City Mayor Steven Fulop said. “You just need to look around us right here at 351 Marin and there aren’t many cities in the state that can absorb two 50-story buildings going up across the street from each other simultaneously and at the same time, a crane half a block away creating another building of similar size. It speaks to the vibrancy of Jersey City and the special place it is and that people want to live here and do business here and KRE Group makes it very easy for us to be partners."

Following its acquisition by a joint venture of Reynolds Asset Management and Capital Solutions Inc., the six-building, 250,000-square-foot property will get updated lobbies, modern workspaces and more.

Woodmont Properties, Canoe Brook Development and PIRHL celebrated the debut of the collection of studio, one- and two-bedroom units, which according to the developers, is already more than 50% leased after just two months.

According to the Hamilton-based firm, that adds up to an aggregate value of $12.2 million, building upon its 2021 efforts, which saw 1 million square feet of leasing activity and renewals negotiated across Central Jersey and eastern Pennsylvania.

Recognizing a shared mission to diversify the commercial real estate industry, the retail giant will also help to enhance the organization's presence in two additional cities in the U.S., and serve as a presenter for its online academy with the Urban Land Institute.

The start of the impending project follows lease agreements with two prominent New Jersey law firms: Brach Eichler LLC and Chiesa Shahinian & Giantomasi PC. According to property management provider Diversified Management Plus, the work will help to retain and attract additional tenants to the Class A complex.

CBRE arranged the sale of Riverside Medical Office Portfolio, which includes assets located in Voorhees, Lyndhurst and Teaneck.

Overall, $254.5 million will be distributed to 265 communities nationwide. In New Jersey, the funding from the Brownfields Grants will go to four state applicants.

The rebranding for the Madison-headquartered company – home to brands like Century 21 and ERA – emphasizes to its customers that it can meet them “at any point in the real estate transaction journey.”

Denholtz Properties announced the sale of the first residences at the four-story waterfront project located in Red Bank, which is set to be completed in the fourth quarter.

Located in Middlesex and Somerset counties, the properties add up to more than 21,000 square feet.