New Jersey
CushWake Arranges JV Equity on 11-Building East Orange Portfolio
Cushman & Wakefield advised Spaxel and Atalaya Capital Management in arranging joint venture equity for the New Jersey Workforce Housing Portfolio, a… Read more
Infrastructure Bill Could Ratchet Up Data Center Demand Even Higher
“The world has become increasingly digital, a trend that has only accelerated during the pandemic, and consequently data centers are… Read more
Luxury Rental Tower Opens in Jersey City’s Master-Planned University Place
RIVET 26, a newly opened luxury residential community, has begun welcoming its first residents marking another milestone for the University Place master planned community in Jersey City’s west end.… Read more
Harbor Group, Cammeby’s JV on $1B Portfolio of NJ Multifamily
Harbor Group International, LLC (HGI) completed a $1.05-billion joint venture with Cammeby’s International Group to acquire a portfolio of multifamily assets throughout New Jersey. The portfolio… Read more
Luxury Multifamily Trades Near MetroPark Station in Iselin
Cushman & Wakefield recently arranged the sale of 444 Lincoln Hwy., a 48-unit luxury multifamily asset in Iselin, NJ. The final sale price was… Read more
Equity Commonwealth Scraps Monmouth Merger as Shareholder Approval Falls Short
Equity Commonwealth (EQC) and Monmouth Real Estate Investment Corporation said Tuesday that the planned merger between the two companies was off. Although EQC shareholders… Read more
Trident Construction Named Reseller of Crane Stabilization Hardware
Vita Inclinata, a Broomfield, CO-based developer and producer of helicopter and crane load stabilization and precision hardware, said Bronx-based Trident Construction will… Read more
Sitex Makes Paramus Acquisition, Arranges Perth Amboy Lease
Sitex Group, a private equity real estate firm focused on industrial assets in the New York metro area, has acquired 160 Route 17… Read more
Watson Land Co. Acquires Two Philly-Area Spec Warehouses
CRG, the real estate development and investment arm of Chicago-based Clayco, has sold two speculative industrial facilities in East Greenwich, NJ, for $107.74… Read more
Shamah Properties Adds Luxury Complex in Princeton
Shamah Properties acquired Copperwood Apartments in Princeton NJ, for $70.35 million. The seller wasn’t identified. The 153-unit luxury complex at 300 Bunn Dr. is located near downtown Princeton and Route 1. It was built in 2015. “Shamah Properties… Read more
Postwar Industrial Buildings Will Give Way to Seniors Complex in Closter
Reuten Associates and Metropolis Property Group unveiled plans for a 195-unit luxury senior housing development in Closter, NJ. The Residences at Reuten Park will… Read more
MTA, NY City and State Receive Federal Go-Ahead on Impact Study of Congestion Pricing Plan
Nearly two-and-a-half years after the New York State Legislature authorized a congestion pricing plan for Midtown Manhattan, the Metropolitan Transportation Authority (MTA) and the city and state… Read more
Meridian Secures $60M Refi on Secaucus Hospital
Meridian Capital Group arranged $60 million in financing to refinance Hudson Regional Hospital in Secaucus, NJ on behalf of the… Read more
Port Authority Announces Shortlist of Teams for AirTrain LaGuardia Project
The Port Authority of New York and New Jersey on Wednesday announced a short list of four teams in the… Read more
Placer.ai Webinar Spotlights Malls’ “Impressive” Recovery from Lockdown
The passage of a year has made a considerable difference in the levels of traffic and sales being enjoyed by U.S. malls. In… Read more
LCOR Unveils Development Team for 1M-SF Hoboken Connect Plan
LCOR on Monday announced the full team of partners behind the one-million-square-foot-plus Hoboken Yard Redevelopment Plan, Hoboken Connect. Beyer Blinder Belle, Cetra Ruddy, FX Collaborative and Matthews… Read more
Bartlett Dairy Breaks Ground on New Headquarters in Jamaica
Representatives from the New York City Economic Development Corporation, other city and state leaders and community stakeholders celebrated the groundbreaking… Read more
Avison Young Brings in Dorothy Alpert as Tri-State President
Dorothy L. Alpert is joining Avison Young as its new Tri-State president and principal, with Arthur Mirante transitioning to the role of… Read more
Newmark Hired to Lease Up Newark’s 80 Park Plaza
Newmark has been hired as leasing agent for 80 Park Plaza, a 973,000-square-foot, Class A office property owned by Nightingale Properties and… Read more