Real Estate

Exterior of Le Leo in Jersey City, a 99-unit luxury apartment building located in Journal Square.
Feb 17, 2023

Jersey City apartment building refinanced with $37M loan

Le Leo, from Park Stone Management and Fields Grade Development, is currently 88% leased and occupied.

The Merck site in Kenilworth clocks in at 108 acres with nearly 2 million square feet.
Feb 16, 2023

JV acquires 2M-square-foot former Merck HQ in Kenilworth (updated)

A joint venture of Onyx Equities LLC and Machine Investment Group LP just closed one of the largest office and life sciences transactions in state history.

The Grand Lee Apartments is an 80-unit garden-style apartment complex in Leonia in Bergen County.
Feb 16, 2023

Garden-style apartment complex in Bergen County sells for $19.8M

Gebroe-Hammer secured the sale of this 80-unit garden-style multifamily community, located 13 miles from midtown Manhattan.

Hylan headquarters at Bell Works in Holmdel.
Feb 16, 2023

Bell Works hits 95% leased

The Holmdel metroburb is attracting office users, securing 15 new agreements that cover 74,474 square feet.

American Dream in the Meadowlands.
Feb 14, 2023

American Dream faces $389M lawsuit by construction financing lenders

The megamall is being sued by two junior lenders who provided private loans that helped bring the $5 billion Meadowlands megamall to fruition.

414 50th St. in West New York is a new 13-unit luxury multifamily property.
Feb 14, 2023

New multifamily building in West New York sells for $5.2M

According to a statement from The Kislak Co. Inc. Vice President Davis Briones, who handled the assignment, “This sale is an excellent example of the continued strong interest in new construction, cash-flowing properties from a diverse group of investors and capital sources, despite higher interest rates."

Atlantic City
Feb 10, 2023

South Jersey fraudsters plead guilty to $580K fake deeds scheme

The duo pretended to be Atlantic City property sellers, using bogus documentation to deceive and defraud real estate investors.

Paterson-area students learn hands-on the skills needed to be a union carpenter.
Feb 9, 2023

Paterson schools, carpenters council unveil program for students

A new partnership with the Eastern Atlantic States Regional Council of Carpenters will prepare high schoolers for careers in construction. 

Artist rendering of The Hub in New Brunswick
Feb 9, 2023

NJEDA awards $271M tax credit for New Brunswick HELIX project

Developers and officials say the New Jersey Health + Life Sciences Exchange will create a nexus for the state’s public, private and academic sectors to create a world-class hub of innovation.

Preserved Farmland signage.
Feb 9, 2023

State panel preserves 93 acres of Camden County farmland

The properties are the first to be preserved in the county since 2016.

Maintree Shopping Center is a 138,445-square-foot, grocery-anchored retail center in Vineland featuring an Acme Supermarket.
Feb 8, 2023

Vineland retail property, with Acme anchor, sold for $19.3M (updated)

Marcus & Millichap arranged the sale of the 138,445-square-foot plaza, which also features five restaurants.

Rockefeller Group Logistics Center Eastampton is a 345,000-square-foot distribution center located on Route 206 in Eastampton Township.
Feb 8, 2023

Rockefeller Group sells Burlington County distribution center for $83M

A Garden State-based operator purchased the recently completed, 345,600-square-foot facility, from which it will transport spices and other food grade products.