Real Estate

NJBIZ Conversations Wendy Paul
Jul 24, 2023

NJBIZ Conversations: Wendy Paul

The executive director of the Jersey Apartment Owners Association argues that tenant protection measures adopted recently in Newark and Jersey City are counterproductive. 

Inspired by Somerset Development received site plan approval for a mixed-use, ulta-luxury condominium development located one block from the boardwalk at 115 Fourth Ave. - MINNO & WASKO
Jul 21, 2023

Asbury Park clears Inspired by Somerset’s ‘ultra-luxury’ waterfront condos

The real estate innovator behind Holmdel's Bell Works announced it received site plan approval for an eight-story, mixed-use property one block from the boardwalk.

Camelot at La Mer marks the final piece of the 100-acre project from Kaplan Cos. In total, the property comprises more than 1,500 units across single-family homes, townhouses and condominiums. - KAPLAN COS.
Jul 21, 2023

Kaplan Cos.’ La Mer celebrates milestone as final section hits market

Over 35 years, and tens of thousands of hours of manpower, the Highland Park developer has built up a community with more than 1,500 units across single-family homes, townhouses and condos.

413 Summit Ave. in Jersey City will offer 148 multifamily units. - LIGHTSTONE CAPITAL
Jul 21, 2023

Jersey City multifamily property from Titanium secures $42.5M loan

According to Lightstone Capital, the funding for the 19-story building will provide a bridge to Titanium Realty Group as it leases the new transit-oriented offering.

Gateway Center's new jewel box entrance in Newark, directly across from Newark Penn Station. - GENSLER
Jul 19, 2023

NJ Transit HQ lease brings agency to Newark’s Gateway Center

Onyx Equities has scored another tenant for the property, where the statewide transportation agency will occupy 407,000 square feet, directly across from Newark Penn Station.

From left, at the July 11 NAIOP NJ Regulatory, Legislative, and Legal Affairs Update held at the NE Carpenters Apprentice Training Center in Edison: Dennis Toft of CSG Law, Cathleen Bryant of EWMA, and David Haymes from the New Jersey Department of Environmental Protection discuss specifics of the NJDEP’s review of the site remediation program, as well as an update on managing emerging contaminants. - NAIOP NJ
Jul 19, 2023

NAIOP NJ event offers CRE insights on regulatory, legislative & legal updates

Featuring a keynote address from NJDEP Commissioner Shawn LaTourette, three panel discussions explored NJ PACT, site remediation, pushback to industrial development and more.

Jul 18, 2023

Camden County industrial portfolio secures $103M financing

PGIM Real Estate secured a fixed-rate loan for DRA Advisors' $194.5 million purchase of the 1.3 million-square-foot Twinbridge Industrial Park.

Amaranth at North Brunswick is a 222-unit, 55-plus age-restricted active adult community located at 2775 U.S. Route 1 in North Brunswick. - JLL
Jul 13, 2023

Active adult community in North Brunswick secures $47M in financing

JLL Capital Markets said it arranged the fixed-rate loan for the 222-unit, age-restricted community from the Kaplan Cos.

206 Van Vorst St. in Jersey City is a 14,000-square-foot office property with a 0.36-acre site. - CBRE
Jul 11, 2023

CBRE announces Jersey City, North Brunswick sales totaling $8M

The firm arranged trades for Bel Fuse's former headquarters and a garden-style apartment complex.

Newark Distribution Center is a more than 716,000-square-foot industrial complex in Newark, including 399-447 Ferry St. - NAI JAMES E HANSON
Jul 10, 2023

NAI Hanson tapped to lease 716K-square-foot Newark Distribution Center

Hines acquired the property – its first industrial site in the East Region and the one-time home of the P. Ballantine and Sons Brewing Co. – at the start of 2023 for $127.5 million.

Jul 10, 2023

Braca joins Town Title as special advisor

The Paramus-based agency is a leading provider of commercial and residential title insurance and settlement services.

MAS Development founder and principal Sal Garcia.
Jul 10, 2023

Elizabeth’s Vinty creates community, gives new meaning to WFH (slideshow) (updated)

Vinty, Elizabeth’s only Class A apartment building, has embarked on its journey to craft a “vintage city” on Union Street.