Real Estate

Canter Green in Union Township.
Oct 7, 2022

Union Township apartment community trades hands

CBRE said the property benefits from a 30-year PILOT agreement and that the property has averaged more than 16 leases per month during lease-up.

David Iacobucci, chief investment officer, Larken Associates.
Oct 7, 2022

Larken Associates taps Iacobucci as CIO

The Branchburg-based firm added a 30-year industry veteran to its executive team, announcing David Iacobucci as chief investment officer.

A rendering for The Rail at Bound Brook, a to-be-constructed, 143-unit, mid-rise, transit-oriented, Class A apartment complex located within an Opportunity Zone.
Oct 7, 2022

Transit-oriented The Rail at Bound Brook secures $32.45M construction financing

JLL Capital Markets arranged the funding for the forthcoming midrise, Class A multi-housing development on behalf of a joint venture between Denholtz Properties and Redwood Real Estate Group.

Jidan Cleaning acquires Pieco
Oct 7, 2022

Two NJ businesses form full-service cleaning, maintenance company

Jidan Cleaning, headquartered in Medford, acquired Pieco Services Property Maintenance, a landscaping and property management business based in Williamstown.

NAI James E. Hanson negotiated the sale of 48 acres of land to Raritan Township, which will be preserved as open space.
Oct 6, 2022

Raritan Township to preserve 48 acres following land purchase

Though it was previously approved for 19 single-family homes, this stretch of wooded and open space in Somerset County will now be protected instead.

Jeremy Neuer, senior managing director in the New Jersey office, JLL.
Oct 6, 2022

Neuer joins JLL

Jeremy Neuer comes on board the Capital Markets team as a senior managing director after more than a decade with CBRE.

Molly Brook on Belmont.
Oct 6, 2022

Molly Brook on Belmont sells for $89M (updated)

The 180-unit luxury apartment property reached 100% occupancy in less than 12 months, drawing renters with resort-like amenities and outdoor features.

Gov. Phil Murphy announces groundbreaking of Hoboken Connect Project, highlighting the $176 million in Fiscal Year 2023 budget funds to improve public infrastructure, on Oct. 5, 2022.
Oct 6, 2022

Hoboken Connect project finally breaks ground

Fifteen years in the making, the public-private initiative will directly and indirectly support 15,290 permanent jobs and $234 million in tax revenue annually, according to the governor's office.

123 Lehigh Road in Fairfield is a 45,000-square-foot industrial building.
Oct 5, 2022

The STRO Cos. adds 45K square feet in Fairfield

The Ridgewood company said it added another industrial property to its portfolio, this one with high ceilings, full air conditioning and a location off of Route 46.

Garden State Corporate Center, 1515 Broad St., Bloomfield.
Oct 5, 2022

Avison Young leases 107K square feet for Shelbourne

The deals, which span properties in Piscataway and Bloomfield, follow the firm's securing more than 162,000 square feet for the private real estate holding company earlier this year.

Fellowship Corporate Center (formerly Liberty Walk at East Gate) Fellowship Road, Mount Laurel.
Oct 5, 2022

WCRE secures South Jersey office lease for small biz lender

Channel Partners Capital will occupy approximately 7,800 square feet at this Class A, Burlington County building.

The terrace at Newark Urby at 155 Washington St. in Newark.
Oct 5, 2022

Downtown Newark’s Urby kicks off leasing (slideshow)

The collection of 250 new residences is adjacent to Rutgers-Newark, offering panoramic views of the city, a rooftop terrace, retail space and more.