Real Estate

American Dream to open fall 2019

East Rutherford’s American Dream, a community for fashion, retail, fine and casual dining, and attractions, will open in fall 2019. Developers Triple Five Group said the property will host hundreds of shopping and entertainment options, appealing to all tastes and interests. “For over 35 years, Triple Five Group has embraced the concept that retail cannot ...

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Week of May 13: Top NJ commercial real estate deals (access required)

International art supplies maker opens Piscataway facility London-based Colart International Holdings Ltd., which traces its roots to the 15th century, cut the ribbon on its new North American headquarters and warehouse at Corporate Park 287 in Piscataway. Colart’s brands include Arches paper, founded in 1492 and Reeves paints and brushes, which was established in 1766. The company, ...

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West Windsor office building reaches full occupancy; built-to-suit opportunity remains

Sirius Group’s lease for 4,000 square feet at 21 Roszel Road brings the 62,500-square-foot office building to full occupancy and represents another significant milestone at the two-building Roszel Square development in West Windsor. The Class A asset – along with 19 Roszel Road, a neighboring build-to-suit opportunity – is one of several joint ventures between ...

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Progress Capital secures $34M in financing for Newark building

Progress Capital announced that Brad Domenico, partner, has arranged a $34 million CMBS loan on behalf of his clients, Joy Construction and MADDD Equities for a 7-story office building located at 765 Broad Street in Downtown Newark. The borrowers along with investors, Drew Katz and Newmark Knight Frank’s Justin DiMare purchased the property back in 2016 ...

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Juniper adds Chestnut Hill PA to its portfolio of senior housing

Bloomfield-based Juniper Communities announced the addition of The Terrace at Chestnut Hill in Pennsylvania to its portfolio of managed and owned seniors housing communities as of May 14, 2019. Nationally, Juniper ranks among the top 40 largest providers of seniors housing communities. The Terrace has 70 personal care units and 33 memory care units tucked ...

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$3 million USEDA grant to boost manufacturing, entrepreneurship in Kearny opportunity zone

A $3 million United States Economic Development Administration grant designated to Hackensack Avenue in Kearny is expected to create 7,000 jobs and generate $1 billion in private investment, the administration announced Thursday. The grant will support Kearny Point, a private 130-acre light manufacturing, office, and entrepreneur space that will contain two million square feet of space in five ...

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