The firm's forthcoming Class A warehouse is designed to serve high demand for space in the sector with the project coming to the Rutgers Industrial Center in Middlesex County.

“It’s notable that we opened in the middle of a pandemic, when very few people were commuting by train, and we still appealed to a wide range of residents," said Accurate President and CEO Jack Klugmann of the luxury transit-oriented rental property in Somerset County, which also offers convenient access to major roadways.

Doug Holtzman joins the Red Bank-based firm in a new position for the company: vice president of NNN leasing and acquisitions.

Marking the ninth new additions to come over the past seven months, the coffee giant will be joined by a new Asian cuisine dining option at the seaside shopping center.

“In cities and even suburbs across America, institutional investors are eroding the American dream of homeownership as they convert owner-occupied homes into corporately owned rental units,” the mayor said during a City Hall news conference.

Elena DeAnnuntis will serve as branch manager of the new Ocean City location.

The addition of the former GC for Monmouth Real Estate Investment Corp. follows a March expansion of the executive team, as the Red Bank firm seeks to bolster its national presence.

Houston's Lovett Industrial and a capital partner acquired the 18-building property, which is situated on nearly 39 acres and located between Route 22 and Interstate 287.

This year's grant funding marks the sixth time New Jersey Community Capital has secured funds for the North Ward subset through the New Jersey Department of Community Affairs' Neighborhood Revitalization Tax Credit Program.

According to the firm, members of its Institutional Properties team have helped Stamford, Conn.-based OneWall Communities offload nearly 500 units in the Essex County municipality and neighboring Newark over the past four months to the tune of $83 million.

The property is fully leased to a provider of chemistry and biopharmaceutical services that more than doubled its footprint at the location in December 2021 to fully occupy the property.

The Current on River in Hackensack was built in 2020 and offers more than 250 units.