Real Estate

The Bowling Center in Eatontown at the former Fort Monmouth. - NJBIZ FILE PHOTO
Oct 31, 2023

Netflix’s Fort Monmouth plans open for public comment

The move signals the next step for the development of the site's 328-acre Mega Parcel, with particular attention toward residential considerations.

Exchange Place meets the Hudson River waterfront in Jersey City. - CUSHMAN & WAKEFIELD
Oct 31, 2023

Veris’ Jersey City land sale fetches $58M (updated)

Related has plans to enter the N.J. multifamily market in one of its hottest regions following the purchase, co-arranged by CBRE and Cushman & Wakefield.

570 Broad St. in Newark. - THE BERGER ORGANIZATION
Oct 27, 2023

Newark charter school expands with 50K-square-foot lease

Newmark Associates said it was able to secure the agreement at this 15-story building in less than 90 days — and ahead of the start of the 2023-2024 academic year.

The FIAT House will offer efficient mobility options to residents through an on-site car-sharing fleet of FIAT 500e vehicles. - UNLMTD REAL ESTATE/FIAT
Oct 26, 2023

Fiat House coming to Fort Lee will include on-site EV fleet

UNLMTD Real Estate is partnering with the automaker for a unique and highly mobile apartment building, located at the foot of the George Washington Bridge.

The Art Factory, located at 70 Spruce St. in Paterson, is a 230,000-square-foot industrial property. - CUSHMAN & WAKEFIELD
Oct 25, 2023

Paterson’s ‘Art Factory’ hits the market

The more than 230,000-square-foot industrial property is located directly off of Interstate 80 and can be converted into multiple uses, according to the Cushman & Wakefield team leading the assignment.

The Eisenhower, formerly The Eisenhower Corporate Campus, is a 384,000-square-foot LEED Silver Certified Class A office building located at 290 W. Mount Pleasant Ave. in Livingston. - CBRE
Oct 25, 2023

RWJBarnabas signs on for Livingston office building

CBRE has secured another new tenant for Eastman Cos.' Class A property, marking the second such announcement in just as many weeks.

The Extra Storage Space coming to 305 Wilson Ave. in Newark is slated for completion in 2025. - JLL
Oct 24, 2023

Newark self-storage project secures $19M construction financing

Construction for the climate-controlled, more than 1,000-unit building coming to the Ironbound is scheduled for completion in the first half of 2025.

12-18 Vanderhoof Ave. is a proposed 119,250-square-foot industrial building situated on approximately 19 acres in Morris County's Denville. - JLL
Oct 24, 2023

JLL Capital Markets arranges JV equity for proposed Morris County industrial site

The Class A development from Cervenka Development Partners and Monocle Group would offer access to one-third of the North America population, or 130 million consumers, within a day's drive.

A former Capital One Bank branch, 1295 Route 46 in Parsippany traded for $3 million. - THE KISLAK CO. INC.
Oct 23, 2023

Former Capital One branch on Route 46 sells for $3M

The Kislak Co. Inc., which arranged the transaction, "facilitated a creative financing structure that benefited both the seller and the purchaser,” according to Executive Vice President Matt Weilheimer.

Pictured at the Jersey City Apartment Owners Association inaugural JCAOA Honors Awards ceremony Oct. 19 at the Sophia Rooftop, from left: Gordon Gemma, general counsel, Panepinto Properties; Daniel Reiser, director of leasing, marketing, & public relations, Panepinto Properties; Joe Rodrigues, consultant to Panepinto Properties; Wendy Paul, executive director JCAOA; Joseph Panepinto Jr., president, Panepinto Global.
Oct 23, 2023

Awards honor ‘multifamily excellence’ in Jersey City (slideshow)

“As one of the fastest growing cities in America, housing is a keystone to enabling Jersey City to reach its fullest potential,” said Jersey City Apartment Owners Association board President Jeremy Farrell. “This growth has led to unprecedented demand for housing that is only going to become greater as we look to the future."

Genmab U.S. headquarters in Princeton
Oct 23, 2023

Everything old is new again

According to JLL, 72% of suburban office space in New Jersey is functionally obsolete, one of the highest figures in the nation.

Allendale Shallow-Bay Industrial Park, lLocated at 1-3, 5-7 Pearl Court and 59 Route 17 in Allendale, is a 35.1-acre property that includes seven industrial buildings with a cumulative 370,064 square feet. - CUSHMAN & WAKEFIELD
Oct 20, 2023

Faropoint pays $144M for North Jersey industrial portfolio

According to Cushman & Wakefield, which arranged the sale, the transaction with Camber Real Estate and Advance Realty Investors is one of the largest in the region for a multi-tenant property.