Real Estate

Lumber House at 463 Palisades Ave. in The Heights in Jersey City.
May 17, 2022

Jersey City’s Lumber House gets $21.5M financing

M&T Realty Capital unveiled the deal for the fully leased luxury community located in The Heights, adjacent to Riverview Park.

Nest Micro Apartments in Jersey City.
May 17, 2022

Micro apartment building in Jersey City draws $25.5M financing

JLL arranged the loan for Nest Micro Apartments, a six-story collection of 122 studio residences located in Journal Square.

Marcus & Millichap announced the sale of Lighthouse Plaza located at 300 Atlantic Ave. in Atlantic City.
May 16, 2022

Atlantic City’s Lighthouse Plaza sells for $17M, Marcus & Millichap says

Marcus & Millichap announced the sale of the mixed-use property, which offers views of the historic Absecon Lighthouse, the Absecon Inlet and the Atlantic Ocean.

From Left, KRE Group COO Jeremy Kaplan, KRE Group Founder Murray Kushner, KRE Group Partner Jeff Persky, Jersey City Council President Joyce Watterman, Northwestern Mutual Real Estate Senior Director Matt Ascher, Jersey City Mayor Steven Fulop, KRE Group President Jonathan Kushner, and KRE Group Design Director Marc Kushner cut a ribbon at 351 Marin in Jersey City to celebrate lease up of the luxury rental building in the city's Powerhouse Arts District on May 12, 2022.
May 16, 2022

351 Marin celebrates lease up in JC

“When we took office, we really had a pro-development stance because we recognized that a healthy city is a growing city,” Jersey City Mayor Steven Fulop said. “You just need to look around us right here at 351 Marin and there aren’t many cities in the state that can absorb two 50-story buildings going up across the street from each other simultaneously and at the same time, a crane half a[...]

Princeton Pike Office Park, a six-building property in Lawrenceville.
May 16, 2022

Under new ownership, Princeton Pike Office Park set for renovations

Following its acquisition by a joint venture of Reynolds Asset Management and Capital Solutions Inc., the six-building, 250,000-square-foot property will get updated lobbies, modern workspaces and more.

Woodmont Properties, Canoe Book Development and PIRHL celebrated the official opening of The Waterton, a luxury rental apartment community in Secaucus on May 12, 2022.
May 16, 2022

The Waterton opens doors in Secaucus (slideshow)

Woodmont Properties, Canoe Brook Development and PIRHL celebrated the debut of the collection of studio, one- and two-bedroom units, which according to the developers, is already more than 50% leased after just two months.

May 13, 2022

NAI Fennelly records over 212K square feet in leasing activity in Q1

According to the Hamilton-based firm, that adds up to an aggregate value of $12.2 million, building upon its 2021 efforts, which saw 1 million square feet of leasing activity and renewals negotiated across Central Jersey and eastern Pennsylvania.

Screenshot of the incoming class of the Project REAP/Urban Land Institute (ULI) Academy Spring 2022, which kicked off April 25.
May 13, 2022

Amazon signs on as Project REAP sponsor

Recognizing a shared mission to diversify the commercial real estate industry, the retail giant will also help to enhance the organization's presence in two additional cities in the U.S., and serve as a presenter for its online academy with the Urban Land Institute.

101 Eisenhower Parkway is part of three-building office park Eisenhower Park in Roseland.
May 13, 2022

Eisenhower Park in Roseland ready for multimillion-dollar revamp

The start of the impending project follows lease agreements with two prominent New Jersey law firms: Brach Eichler LLC and Chiesa Shahinian & Giantomasi PC. According to property management provider Diversified Management Plus, the work will help to retain and attract additional tenants to the Class A complex.

870 Palisades Ave. in Teaneck is a triple-net-leased medical office property and a part of The Riverside Medical Office Portfolio, which houses the Riverside Medical Group, a part of Optum and a subsidiary of United Healthcare.
May 13, 2022

Triple-net leased medical office properties sell for $7M

CBRE arranged the sale of Riverside Medical Office Portfolio, which includes assets located in Voorhees, Lyndhurst and Teaneck.

May 13, 2022

EPA awards $6.5M for contaminated NJ sites

Overall, $254.5 million will be distributed to 265 communities nationwide. In New Jersey, the funding from the Brownfields Grants will go to four state applicants.

New home
May 12, 2022

Real estate titan Realogy unveils new name

The rebranding for the Madison-headquartered company – home to brands like Century 21 and ERA – emphasizes to its customers that it can meet them “at any point in the real estate transaction journey.”