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Wednesday, September 27, 2023

Rutgers report: Too much required parking at multifamily sites is bad for rents —...

Pulling into a new multifamily parking lot and finding plenty of available parking is becoming a more common occurrence. And, while it may seem like an ideal situation, it’s not. Too many mandatory parking spots...

David Fryer of G.S. Wilcox & Co. secures $16.3M in commercial loans

G.S. Wilcox & Co. Principal David Fryer recently financed a total of $16.3 million in commercial loans, according to a Monday announcement from the Morristown firm. Fryer secured $10.6 million to refinance a 34,877-square-foot shopping...

Mulberry Commons Pedestrian Bridge, unifying symbol for Newark, breaks ground

The cost has not been completely totaled. Figure $110 million, give or take a few bucks on either side. And the timeline for the ribbon-cutting is a bit uncertain. Newark Mayor Ras Baraka said he’s...

Cushman & Wakefield named exclusive leasing agent for 228,350 sq. ft. office property in...

Cushman & Wakefield has been retained as the exclusive leasing agent of 180 Park Ave., a 228,350-square-foot office building located in Florham Park, according to a Tuesday announcement from the brokerage. Cushman & Wakefield’s William...

JV acquires Newark Ironbound land, obtains approvals for 135,000+ sq. ft.,1,200-unit self-storage facility

A joint venture between Parsippany-based CrownPoint Group Inc. and the Lamar Cos. has closed on the acquisition of an underutilized land parcel in Newark's Ironbound District, where it plans to build a self-storage facility. According...

New shine: Architect is delighted to be updating Gold Coast’s storied skyrise buildings

Architect Steven Kratchman speaks with enthusiasm about the original stock of skyrises that stretch along the Hudson waterfront. He wouldn't describe the Gold Coast's half-century-old towers as rusted or tarnished. But, he's thrilled about being...

Who’s to blame? Architects are increasingly facing lawsuits over construction project delays, lawyers say

Lawsuits are piling up against architects as they lock horns with owners over a several-year stretch of project delays, local construction attorneys said. In the aftermath of the pandemic's many construction sector interruptions, there's a...

Natural connection: As educational facilities seek upgrades, architects increasingly tie schools to outdoor elements

Biophilic design. It's one of the terms Thomas Wighard tosses around that you might not have learned in school (unless, like him, you happened to study to be an engineer and architect). But, it's more...

Empire Portfolio Group debuts new Warren Orangetheory Fitness Studio

Empire Portfolio Group on Monday said it will open a new Orangetheory Fitness studio in Warren. Located at 177 Washington Valley Road, Unit 12, the new space will be the gym's 14th location in...

Sheldon Gross helps close 2 office units in Holmdel for nearly $1M

Two units in a Holmdel office condominium complex were recently sold in separate deals — with a combined value of $925,000, according to a Monday announcement from Sheldon Gross Realty. Executive Vice President Jonathan Glick...

Latest Articles

Ruhle: On tying education to workforce development — and respecting teachers

When it came time to discuss employment and workforce development issues in a post-pandemic economy, Stephanie Ruhle played the long game. One of the biggest...

JLL Research: life sciences industry offers opportunities, bright spots for both occupiers and owners

The life sciences commercial real estate market has undergone a reset this year, but is well-positioned to be the comeback kid as capital sources...

Wonder Lofts in Hoboken debuts 2 suburban-sized homes with private backyards

The developers of Wonder Lofts in Hoboken on Tuesday announced that two residences with private backyards are now available for sale in Hoboken's newest...

Woodbury, Inspira plan to launch new health and education innovation district

The city of Woodbury and Inspira Health on Tuesday announced plans for the Woodbury Health and Education Innovation District, a development set to include...

Murphy touts record on pension payments, higher ed, transportation — and celebrates diversity, arts

Gov. Phil Murphy tried not to play the “what-if” game. He said he didn’t want to let his mind go to where the state...