New Jersey Archives - REBusinessOnline

Resource Realty Negotiates Sale of 53,252 SF Industrial Building in Rockaway, New Jersey

Taylor Williams — Fri, 30 Oct 2026 13:57:19 +0000

ROCKAWAY, N.J. — Resource Realty of Northern New Jersey (RRNJ) has negotiated the sale of a 53,252-square-foot industrial building in Rockaway. The building at 36 Pine St. includes two tailboard exterior dock doors and one drive-in bay. Greg Sabato and Scott Peck of RRNJ represented the buyer, Commerce Park Investors, in the transaction. The seller and sales price were not disclosed.

The post Resource Realty Negotiates Sale of 53,252 SF Industrial Building in Rockaway, New Jersey appeared first on REBusinessOnline.

PCCP Provides $130M Construction Loan for Newark Multifamily Project

Taylor Williams — Thu, 29 Oct 2026 14:47:08 +0000

NEWARK, N.J. — Los Angeles-based PCCP LLC has provided a $130 million senior construction loan for a 501-unit multifamily project in Newark. The project represents Phase II of a larger development known as Ballantine and will consist of 400 market-rate units and 101 affordable housing units, as well as a 57,500-square-foot Food Bazaar grocery store, within a seven-story building. Residences will come in studio, one-, and two-bedroom floor plans, and amenities will include a fitness center with a yoga studio, two courtyards, a pool, basketball court and coworking space. The borrower, a joint venture between Bogopa Enterprises and Shorewood Real Estate Group, expects to complete the project in late 2028.

The post PCCP Provides $130M Construction Loan for Newark Multifamily Project appeared first on REBusinessOnline.

PCCP Provides $163.9M Construction Loan for Multifamily Development in Paramus, New Jersey

Kristin Harlow — Wed, 28 Oct 2026 12:00:00 +0000

PARAMUS, N.J. — PCCP has provided a $163.9 million senior loan to a joint venture between Russo Development and Kushner Real Estate Group for the construction of The Paramus Chapter, a 426-unit multifamily project in suburban New York City. The joint venture acquired the land in May 2025. Construction began in July 2026, and completion is slated for the fourth quarter of 2028. The Paramus Chapter will consist of two four-story buildings over concrete podiums with 810 parking spaces and approximately 5,300 square feet of ground-floor retail space. Both buildings will have separate entrances, parking and amenities. Building A will include 166 units, comprising 138 market-rate apartments and 18 affordable units. Amenities will include an outdoor pool, 2,200-square-foot gym, game room, theater, karaoke lounge, sports simulator, rentable party room, dog run and 3,400 square feet of coworking space. Building B will feature 260 units, comprising 222 market-rate residences and 38 affordable units. Amenities will include a full-time concierge, leasing center, 2,800-square-foot gym, chef’s kitchen, gardening room and two outdoor courtyards. The project site is directly adjacent to Bergen Town Center, which features more than 1 million square feet of retail space anchored by Whole Foods Market and Target. PCCP, a…

The post PCCP Provides $163.9M Construction Loan for Multifamily Development in Paramus, New Jersey appeared first on REBusinessOnline.

JLL Arranges Loan for Refinancing of 160,904 SF Office Building in Princeton

Taylor Williams — Tue, 27 Oct 2026 14:03:17 +0000

PRINCETON, N.J. — JLL has arranged a $15.3 million loan for the refinancing of a 160,904-square-foot office building in Princeton. The four-story building at 500 College Road E was constructed in 1984 and renovated in 2022 and now offers amenities such as a café, fitness center, employee lounge with games and a multimedia conference and training facility. Michael Klein, Gregory Nalbandian, Nazario Paragano and Kevin Badger of JLL arranged the four-year, fixed-rate loan through an undisclosed life insurance company. The borrower is a partnership led by Bergman Real Estate Group.

The post JLL Arranges Loan for Refinancing of 160,904 SF Office Building in Princeton appeared first on REBusinessOnline.

Crossroads Cos., CrownPoint Group Complete 90-Unit Multifamily Project in Dover, New Jersey

Taylor Williams — Tue, 27 Oct 2026 13:35:37 +0000

DOVER, N.J. — A joint venture between Crossroads Cos. and CrownPoint Group Inc. has completed 80East, a 90-unit multifamily project in Dover, about 30 miles west of New York City. The six-story building houses studio, one- and two-bedroom units, with nine residences set aside as affordable housing. Amenities include a fitness center, rooftop deck and an entertainment lounge. Minno & Wasko Architects and Planners designed the project, and L2i Construction was the general contractor. Columbia Bank financed construction, which began in summer 2024. Information on starting rents was not disclosed.

The post Crossroads Cos., CrownPoint Group Complete 90-Unit Multifamily Project in Dover, New Jersey appeared first on REBusinessOnline.

Alpine Residential Completes 500-Unit Multifamily Project in Jersey City

Taylor Williams — Mon, 26 Oct 2026 13:49:23 +0000

JERSEY CITY, N.J. — New York-based developer Alpine Residential has completed AVIVA, a 500-unit multifamily project in Jersey City. Designed by GRT Architects and Ismael Leyva Architects, AVIVA, formerly known as Scholars Village, comprises two 12-story buildings that are connected by a lobby base with 4,000 square feet of ground-floor retail space. Residences come in studio, one-, two- and three-bedroom floor plans, and amenities include a fitness center, demonstration kitchen, coworking space, children’s playroom, a pet salon and 24-hour concierge services. Bank OZK provided construction financing for the project.

The post Alpine Residential Completes 500-Unit Multifamily Project in Jersey City appeared first on REBusinessOnline.

JLL Negotiates Sale of 132-Unit Apartment Building in Fort Lee, New Jersey

Taylor Williams — Mon, 26 Oct 2026 13:43:04 +0000

FORT LEE, N.J. — JLL has negotiated the sale of Ridge Pointe, a 132-unit apartment building in the Northern New Jersey community of Fort Lee. Built as an office building in 1985 and converted to residential use in 2014, Ridge Pointe offers studio, one-, two- and three-bedroom units with an average size of 1,296 square feet. Amenities include a rooftop lounge, screening room, fitness center, billiards room and a children’s playroom. Mike Oliver, Steve Simonelli, Jose Cruz, Elizabeth DeVesty, Austin Pierce and C.J. Anania of JLL represented the undisclosed seller in the transaction. Thomas Didio Jr., Gerard Quinn, Michael Mataras and Tyler Caricato, also with JLL, arranged acquisition financing for the deal through Balbec Capital on behalf of the buyer, SELA Realty Investments.

The post JLL Negotiates Sale of 132-Unit Apartment Building in Fort Lee, New Jersey appeared first on REBusinessOnline.

JLL Brokers $56.9M Sale of Central New Jersey Distribution Facility

Taylor Williams — Fri, 23 Oct 2026 13:45:19 +0000

MONMOUTH JUNCTION, N.J. — JLL has brokered the $56.9 million sale of a 223,977-square-foot distribution facility in the Central New Jersey community of Monmouth Junction. The single-tenant property at 27 Distribution Way features a clear height of 22 feet, 28 loading doors, 225-foot truck court depths and parking for 57 trailers and 126 cars. Jason Lundy, Nicholas Stefans, Ryan Cottone, Luke Ceccoli and Nate Demetsky of JLL represented the seller, CenterPoint Properties, in the transaction. The buyer was Denver-based investment firm Sagard Real Estate.

The post JLL Brokers $56.9M Sale of Central New Jersey Distribution Facility appeared first on REBusinessOnline.

JLL Arranges Acquisition Financing for Industrial Outdoor Storage Facility in Union, New Jersey

Taylor Williams — Thu, 22 Oct 2026 13:30:52 +0000

UNION, N.J. — JLL has arranged an undisclosed amount of acquisition financing for an industrial outdoor storage (IOS) facility in the Northern New Jersey community of Union. The facility at 1200 Springfield Road includes an 18,500-square-foot maintenance building with a clear height of 16 feet and five drive-in doors. Michael Klein, Max Custer, Nazario Paragano and Kevin Badger of JLL arranged the loan on behalf of the buyer, New York-based investment firm Ridgecut Road. An undisclosed regional bank provided the loan.

The post JLL Arranges Acquisition Financing for Industrial Outdoor Storage Facility in Union, New Jersey appeared first on REBusinessOnline.

MORVAY Nears Completion of Two Industrial Projects Totaling 113,000 SF in Central New Jersey

Taylor Williams — Tue, 20 Oct 2026 13:55:23 +0000

HAMILTON AND ROBBINSVILLE, N.J. — Brooklyn-based development and investment firm MORVAY is nearing completion of two industrial projects totaling 113,000 square feet in Central New Jersey. Purveyor Kuser and Purveyor North Gold are both shallow-bay projects and are located in Hamilton and Robbinsville, respectively, that MORVAY acquired in June 2025 from an institutional owner that had secured approvals before shifting its focus toward larger-scale opportunities. Both projects are expected to be complete before the end of the year.

The post MORVAY Nears Completion of Two Industrial Projects Totaling 113,000 SF in Central New Jersey appeared first on REBusinessOnline.

JLL Brokers Sale of 217-Unit Apartment Building in Hoboken

Taylor Williams — Mon, 19 Oct 2026 14:13:19 +0000

HOBOKEN, N.J. — JLL has brokered the sale of 1000 Jefferson, a 217-unit apartment building in Hoboken. Built in 2007, the six-story building houses 93 one-bedroom units, 114 two-bedroom residences and 10 three-bedroom apartments with an average size of 960 square feet. Amenities include a pool, fitness center and a rooftop deck. Jose Cruz, Steve Simonelli, Mike Oliver, Elizabeth DeVesty, Austin Pierce and Luke Chakonis of JLL represented the seller, Clarion Partners, in the transaction. Atlanta-based Invesco Real Estate purchased the building for an undisclosed price.

The post JLL Brokers Sale of 217-Unit Apartment Building in Hoboken appeared first on REBusinessOnline.

ICON Real Estate Negotiates $4.1M Sale of Apartment Building in Bayonne, New Jersey

Taylor Williams — Fri, 16 Oct 2026 13:52:40 +0000

BAYONNE, N.J. — Local brokerage firm ICON Real Estate Advisors has negotiated the $4.1 million sale of a 25-unit apartment building in the Northern New Jersey community of Bayonne. According to Apartments.com, the building at 5-7 Kelly Parkway exclusively offers one-bedroom units. David Betesh of ICON Real Estate Advisors represented the seller, a local family, in the transaction and procured the undisclosed buyer.

The post ICON Real Estate Negotiates $4.1M Sale of Apartment Building in Bayonne, New Jersey appeared first on REBusinessOnline.

Amazing Savings Signs 173,475 SF Industrial Lease in Mine Hill, New Jersey

Taylor Williams — Thu, 15 Oct 2026 14:06:44 +0000

MINE HILL, N.J. — Amazing Savings has signed a 173,475-square-foot industrial lease in the Northern New Jersey community of Mine Hill. The discount retailer is taking space at Spring Brook Commerce Center, a newly constructed, 393,335-square-foot building located at 128 Iron Mountain Road. Tom Consiglio and Scott Peck of Resource Realty of Northern New Jersey represented the tenant in the lease negotiations. Drew Maffey, Rick Marchisio, Will Ziegler, Joseph Komitor and Matt Esposito of Lee & Associates represented the landlord, Brookfield Properties.

The post Amazing Savings Signs 173,475 SF Industrial Lease in Mine Hill, New Jersey appeared first on REBusinessOnline.

Cushman & Wakefield Brokers $4.7M Sale of Industrial, Life Sciences Building in East Windsor, New Jersey

Taylor Williams — Wed, 14 Oct 2026 12:17:49 +0000

EAST WINDSOR, N.J. — Cushman & Wakefield has brokered the $4.7 million sale of a 27,992-square-foot industrial and life sciences building in East Windsor, located outside of Trenton in Central New Jersey. The building at 55 Lake Drive was constructed in 1974 (renovated in 2013) and was vacant at the time of sale. Dan Bottiglieri, Deb Boucher, Jordan Sobel, Andrew Schwartz, Andre Balthazard, Mike Dean and Kate Boyle of Cushman & Wakefield represented the seller, Danish biotechnology company Novonesis, in the transaction. The team also procured the undisclosed buyer.

The post Cushman & Wakefield Brokers $4.7M Sale of Industrial, Life Sciences Building in East Windsor, New Jersey appeared first on REBusinessOnline.

Kurv Underway on 471,231 SF Industrial Project in Perth Amboy, New Jersey

Taylor Williams — Mon, 12 Oct 2026 14:19:29 +0000

PERTH AMBOY, N.J. — Kurv, the industrial development and investment firm formerly known as Bridge Industrial, is underway on construction of a 471,231-square-foot project in the Northern New Jersey community of Perth Amboy. Kurv Perth Amboy III will feature a clear height of 40 feet, 69 exterior docks, two drive-in doors, 2,550 square feet of office space and parking for 243 cars and 120 trailers. The groundbreaking took place over the summer, and the space is expected to be available for occupancy early next year. CBRE is marketing the building for lease.

The post Kurv Underway on 471,231 SF Industrial Project in Perth Amboy, New Jersey appeared first on REBusinessOnline.

Walker & Dunlop Arranges $60M Loan for Refinancing of Mixed-Use Campus in Tinton Falls, New Jersey

Taylor Williams — Thu, 08 Oct 2026 14:48:35 +0000

TINTON FALLS, N.J. — Walker & Dunlop has arranged a $60 million bridge loan for the refinancing of Bell Works Fort Monmouth, a mixed-use campus in the Northern New Jersey community of Tinton Falls. Bell Works Fort Monmouth is a 276,900-square-foot redevelopment of the former headquarters facility of cybersecurity firm CommVault. The borrower and lead developer, Inspired by Somerset Development, purchased the site in early 2025 and is repositioning the campus to feature office space, retail and restaurant space, coworking facilities and community-focused amenities. Dustin Stolly, Aaron Appel, Sean Reimer, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Ari Hirt and Stanley Cayre of Walker & Dunlop arranged the loan through Hudson Bay Capital on behalf of Inspired by Somerset, which has partnered with H.I.G. Realty Partners on the project.

The post Walker & Dunlop Arranges $60M Loan for Refinancing of Mixed-Use Campus in Tinton Falls, New Jersey appeared first on REBusinessOnline.

Marcus & Millichap Brokers $4.7M Sale of Retail Center in Flemington, New Jersey

Taylor Williams — Thu, 08 Oct 2026 14:33:17 +0000

FLEMINGTON, N.J. — Marcus & Millichap has brokered the $4.7 million sale of Hunterdon Commons, a 57,935-square-foot retail center in the Northern New Jersey community of Flemington. The center was built on 5.9 acres in 1989 (renovated in 2017) and was 97 percent leased to 13 tenants at the time of sale. Brent Hyldahl and Alan Cafiero of Marcus & Millichap represented the seller, a family office, in the transaction and procured the undisclosed buyer.

The post Marcus & Millichap Brokers $4.7M Sale of Retail Center in Flemington, New Jersey appeared first on REBusinessOnline.

JLL Brokers Sale of 81,000 SF Industrial Building in Rockaway, New Jersey

Taylor Williams — Fri, 02 Oct 2026 14:53:44 +0000

ROCKAWAY, N.J. — JLL has brokered the sale of an 81,000-square-foot industrial building in the Northern New Jersey community of Rockaway. The shallow-bay building at 385 Franklin Ave. features a clear height of 22 feet, 13 dock doors and an average suite size of 7,400 square feet. Nicholas Stefans, Jason Lundy and Luke Ceccoli of JLL represented the seller, LM Real Estate Partners, in the transaction. NorthBridge Partners acquired the facility for an undisclosed price.

The post JLL Brokers Sale of 81,000 SF Industrial Building in Rockaway, New Jersey appeared first on REBusinessOnline.

PCCP Provides $66.8M Construction Loan for Northern New Jersey Multifamily Project

Taylor Williams — Tue, 29 Sep 2026 14:30:22 +0000

FAIR LAWN, N.J. — Los Angeles-based PCCP LLC has provided a $66.8 million senior construction loan for Plaza Greene, a 145-unit multifamily project that will be located in the Northern New Jersey community of Fair Lawn. Floor plans were not disclosed, but about 12 percent (18) of the residences will be reserved as affordable housing, and all residences will be subject to age restrictions. Amenities will include a fitness center, spa and a landscaped courtyard, and a 22,300-square-foot Sprouts Farmers Market will anchor the building’s ground-floor retail space. The borrower is a partnership between regional owner-operator Sterling Properties and New Jersey-based Danbro Properties.

The post PCCP Provides $66.8M Construction Loan for Northern New Jersey Multifamily Project appeared first on REBusinessOnline.

CoreWeave Signs 31,000 SF Office Lease Expansion in Livingston, New Jersey

Taylor Williams — Tue, 29 Sep 2026 14:18:10 +0000

LIVINGSTON, N.J. — CoreWeave has signed a 31,000-square-foot office lease expansion at its headquarters facility in the Northern New Jersey community of Livingston. The cloud computing company now occupies 62,000 square feet at The Eisenhower, a 385,000-square-foot building. Jamie Ragucci, Kevin Murphy and Aaron Sommer of Newmark represented CoreWeave in the lease negotiations. Jon Meisel, Erin Wenzler and Dan Casey of CBRE, along with internal agent Eric Maurer, represented the landlord, Eastman Cos.

The post CoreWeave Signs 31,000 SF Office Lease Expansion in Livingston, New Jersey appeared first on REBusinessOnline.