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Top Re-nj.com News

Newmark Arranges $515M Loan for Refinancing of Jersey City Apartment Building
Housing · Jersey City

Newmark Arranges $515M Loan for Refinancing of Jersey City Apartment Building

JERSEY CITY, N.J. — Newmark has arranged a $515 million loan for the refinancing of Phase I of The Journal, a 966-unit apartment building in Jersey City. The newly constructed building is part of a larger, $1 billion development that will feature two 63-story towers with a combined 1,723 units. The Journal also includes a 983-space parking garage, 45,000 square feet of amenity space and 40,000 square feet of retail space that is fully leased to …See the Story
Nokia Bell Labs HQ Breaks Ground at HELIX NJ in New Brunswick
Nokia · New Brunswick

Nokia Bell Labs HQ Breaks Ground at HELIX NJ in New Brunswick

The basics: SJP Properties starts work on Nokia Bell Labs HQ at HELIX NJ 10-story, 370,000-square-foot tower set to deliver by late 2027 Project part of DEVCO-led innovation hub across from NJ Transit Things are getting busier in New Brunswick. On the heels of the state’s first cancer hospital opening its doors in town – and ahead of the impending debut of the HELIX NJ’s first phase – construction is now also underway on Nokia Bell Labs’ new he…See the Story
Berkadia Arranges $38.6M Refinancing of Apartment Community in Tampa
Real Estate

Berkadia Arranges $38.6M Refinancing of Apartment Community in Tampa

TAMPA, FLA. — Berkadia has arranged $38.6 million in debt and equity financing for the recapitalization of Pointe at Carrollwood, a 224-unit apartment community located at 4949 Marbrisa Drive in Tampa. The financing includes a $29.9 million, five-year, fixed-rate Freddie Mac loan and a preferred equity investment of $8.4 million from Miami-based Atlantic Pacific Cos. Scott Wadler, Matt Nihan, Matt Robbins, Brad Williamson and Mitch Sinberg of Be…See the Story

JP Morgan and Graftongate Secure First Pre-Let at New Reading Logistics Scheme

JP Morgan Asset Management and its joint venture partner, Graftongate, have secured a pre-let agreement with a global vehicle manufacturer for the first unit at Reading International Logistics Park. The occupier has signed a 15-year lease on a 36,736 sq ft building, which marks the initial phase of development at the 8.5-acre site. The park has detailed planning consent for a c.160,000 sq ft last-mile logistics scheme, located adjacent to Jct 11…Innovation · New BrunswickSee the Story

Perkins Griddle & Go Coming To Middlesex County

Open the article to view the coverage from RestaurantNews.comMiddlesex County, New Jersey · Middlesex CountySee the Story

CenterPoint adds 388,000 sq. ft. at Exit 12 with two-building industrial deal in Avenel – Real Estate NJ

191 and 215 Blair Road in Avenel — Courtesy: CenterPoint Properties By Joshua Burd CenterPoint Properties has acquired two industrial buildings in the Avenel section of Woodbridge, adding nearly 388,000 square feet to its portfolio in the region. The firm, which is based in Oak Brook, Illinois, said the properties include a 198,854-square-foot cross-dock facility at 191 Blair Road with a 36-foot clear ceiling height and an above-market door coun…New Jersey · New JerseyRead Article

Viking Residential debuts 304-unit luxury rental project in Lumberton – Real Estate NJ

Viking Residential hosted a ribbon cutting to commemorate the grand opening of The Wexford, a 304-unit apartment community at 100 Dorchester Drive in Lumberton. Front row, from left: Kristi Howell, CEO and president of the Burlington County Regional Chamber of Commerce; Lumberton Mayor Gina LaPlaca; Caroline Adillon, president of Viking Residential; Bob Healey Jr., chairman of the Viking Group; Robert Sherriff, executive vice president of the Vi…Lumberton · LumbertonRead Article

Cervelli promotes Negron to director of property management – Real Estate NJ

Veronica Negron By Joshua Burd Cervelli Real Estate & Property Management has promoted Veronica Negron to director of property management, the North Bergen-based firm announced last week. In her new role, Negron will lead the property management division by overseeing team operations, driving efficiencies and ensuring a high standard of service for owners and tenants alike, according to a news release. She moves into the position after returning…North Bergen · North BergenRead Article

Zimmel named leasing agent for Somerset, Ewing commercial properties – Real Estate NJ

50 Atrium Drive in Somerset — Courtesy: Zimmel Associates By Joshua Burd The owner of 235,000 square feet of commercial space in Somerset and Mercer counties has tapped Zimmel Associates as its leasing team for the properties. According to a news release, the firm’s Jordan Zimmel is working on behalf of iBuy to lure tenants to the buildings. They include a freestanding 85,000-square-foot facility at 50 Atrium Drive in the Somerset section of Fra…Somerset County, New Jersey · Somerset CountyRead Article

Saxum’s Lubrano rises to vice president of acquisitions in firm’s fourth promotion of 2025 – Real Estate NJ

Chris Lubrano By Joshua Burd Saxum Real Estate has promoted Chris Lubrano to vice president of acquisitions, citing his role in the growth of the firm’s residential platform. According to a news release, Lubrano has focused on the multifamily sector since joining the Summit-based team in 2021. Saxum now has more than 1,200 units delivered or under construction, the firm said, noting that he has also been instrumental in developing its build-to-r…Garner · GarnerRead Article

Electric vehicle dealer takes 6,900 sq. ft. on Route 10 in East Hanover, CBRE says – Real Estate NJ

By Joshua Burd An auto dealership focused on luxury electric vehicles has leased nearly 6,900 square feet of highway retail space in East Hanover, in a newly announced deal by CBRE. In a news release, the brokerage team said Prestige Collection EV LLC will fill a vacant building at 265 Route 10. The lease provides it with a location that sees average daily traffic of 47,000 vehicles with a median household income of some $150,000 within a one-mi…Real Estate · East HanoverRead Article

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