The move signals the next step for the development of the site's 328-acre Mega Parcel, with particular attention toward residential considerations.
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.
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.
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 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.
CBRE has secured another new tenant for Eastman Cos.' Class A property, marking the second such announcement in just as many weeks.
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.
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.
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.
“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."
According to JLL, 72% of suburban office space in New Jersey is functionally obsolete, one of the highest figures in the nation.
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.