Initial occupancy at the 98-unit property from locally based Skye Development LLC is expected for July 1.
Read More »
Real Estate
Study: National rents top $2K in May; NJ city in top 10
The U.S. median monthly asking rent topped $2,000 for the first time in May, according to real estate company Redfin, which ranked this Middlesex County metro in its top 10.
Read More »PTC Therapeutics signs 360K-square-foot lease to move HQ to Warren
Joint venture partners Rubenstein Partners LP and Vision Real Estate Partners announced a long-term, 360,000-square-foot lease with the company, which will relocate its global base of operations from South Plainfield to Somerset County.
Read More »JLL tapped to lease The Birch Group’s The Collection at Short Hills (slideshow)
Previous ownership invested $15.2 million in recently completed renovations at the properties, on top of which the current owner said they will add more than $10 million in updates to the lobbies, cafes, common areas and restrooms.
Read More »Valley Bank breaks ground on new HQ in Morristown
Local officials and executives of developers SJP Properties and Scotto Properties joined Valley CEO Ira Robbins to formally kick off construction, which is scheduled for completion in March 2023.
Read More »Anywhere Real Estate makes NYSE debut
The residential real estate services giant announced it was changing its name from Realogy back in March to modernize its appearance and align with a broader strategic shift.
Read More »Long-vacant Newark site debuts childhood education facility
“Our mission was to create a sustainable and safe outdoor space for our young students,” said Sam Crane of the Maher Charitable Foundation. The work to achieve that goal, sparked by a group of nonprofits, was aided by efforts from New Brunswick's DIGroup Architecture and Jersey City's Dresdner Robin.
Read More »Penwood Real Estate acquires Bordentown industrial property for $60M
Cushman & Wakefield will exclusively lease the Burlington County site after representing the buyer in the sale.
Read More »Parsippany multifamily project PARQ secures $90.9M capitalization
JLL Capital Markets arranged the financing, which will kick off the transformation of the Lanidex Plaza Office Park into a mixed-use development with luxury living, retail space, townhouses, Class A office space, and athletic fields.
Read More »Montclair’s The Madison Building sells for $18M, Marcus & Millichap says
Marcus & Millichap announced the sale of the 32,000-square-foot mixed-use property.
Read More »Grocery-anchored shopping center in Hackensack changes hands
Located on 13.8 acres, Riverfront Plaza is 96% leased with additional tenants including, Sherwin-Williams, Leslie's Pool Supplies and Taco Bell.
Read More »Leica Camera relocating North American base to Alfred Sanzari’s Glenpointe
The company will take up residence at Alfred Sanzari Enterprises' live-work-play campus in Teaneck, which is set to include executive offices, a camera display showroom and an equipment repair facility.
Read More »