JLL Capital Markets arranged the loan on behalf of the borrower for the Hoboken complex, which is anchored by an Inserra-operated ShopRite.

As costs rise and disruptions persist it's unclear how long these challenges will last. However, according to panelists from NJBIZ's The Future of Construction and Development discussion held May 24, there are things you can do to put yourself on solid footing to navigate and operate under the current circumstances.

The New Jersey Board of Public Utilities announced awards for its Multi-Unit Dwelling Electric Vehicle Charger program, and reopened applications for the initiative that aims to ensure the equitable build-out of charging infrastructure in the state.

According to Mike Duquette, New York Metro area vice president, the company outgrew its South Brunswick facility. “When we first opened, the location serviced nearly 200 vehicles out of two truck bays – now, three decades later, we service over 2,000 vehicles out of three truck bays; this new state-of-the-art facility was eminent," he said.

NAI DiLeo-Bram & Co. completed the deals at the three-building property, located across from the Edison Train Station.

The 330,000-square-foot building, which will stand adjacent to UPS's forthcoming last-mile distribution hub, represents the final leasing opportunity at Lincoln Logistics Bayonne, the 153-acre former Military Ocean Terminal site.

The 2.4-acre addition to its portfolio is located nearby other properties owned by the firm on Doremus Avenue.

The property is the first under the Red Bank firm's recently launched joint venture that aims to add multi-tenant properties in the sector totaling more than $1 billion in value.

"The Jewel Box is a state-of-the-art entrance to the Gateway Center, one of our city’s signature complexes,” Newark Mayor Ras Baraka said during the celebration for the space, attended by other elected officials and civic leaders from the city. “Adjoined with The Junction that opens later this year, it will showcase our excellence, hospitality, and diverse array of food to Newark residents, workforce, and visitors."

Will Forcello has been with the company for 13 years, most recently serving as sales management leader for the firm's New Jersey business.

The partners will bring the new facility to the city's Broadway/Main Street redevelopment zone.

“The pandemic’s effect on the real estate market allowed our law firm clients to act sooner than they might have when driven solely by an expiring lease," Corporate Managing Director Slava Vaynberg said. "The advantage of being proactive has led to broader options and unlocked hidden opportunities given the dynamic changes in most landlord portfolios."