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April 23, 2025
Walmart plans 650 US store remodels this year
Discount juggernaut Walmart plans to remodel more than 650 stores across the United States this year, modernizing its fleet by adding better displays to showcase merchandise, expanding its online pickup-and-delivery services, and offering more items.
April 22, 2025
Veris acquires Ironstate’s 15% stake in Jersey City Urby for $38.5 million
Veris Residential has consolidated its majority ownership in a Jersey City apartment tower, purchasing Ironstate Holdings' 15% stake in the waterfront property and rebranding it.
April 22, 2025
CBL sells North Carolina shopping center to New Jersey firm for $37.2 million
CBL Properties is divesting one of its retail properties, selling an open-air shopping center in North Carolina to a New Jersey-based company for $37.2 million.
April 21, 2025
Tishman Speyer adds to New Jersey apartment portfolio with $92.6 million purchase
New York developer Tishman Speyer is expanding its multifamily portfolio in New Jersey, acquiring a 220-unit apartment property in Montclair for $96.2 million in the second such sizable Garden State sale this month.
April 18, 2025
Cammeby's acquires Bergen County, New Jersey, apartment complex for $161.5 million
New York apartment landlord Cammeby's International Group has acquired a multifamily complex in North Jersey for $161.5 million from AvalonBay Communities, which could signal a pick-up in investment deals in the region.
April 18, 2025
Homeownership increasingly less appealing in much of New Jersey
Amid rising macroeconomic uncertainty and strained household budgets, residents across New Jersey are balancing competing living preferences against the stark reality that homeownership costs are growing much faster than rents in the apartment market.
April 17, 2025
IVX Health New Jersey infusion center leases spur retail growth
A national chain of medical infusion-and-injection-therapy sites is expanding its footprint in New Jersey, part of the trend of healthcare providers moving their facilities to retail locations.
April 17, 2025
Franchise Group to sell Vitamin Shoppe to private equity firms
After filing for bankruptcy protection about five months ago, Franchise Group is selling the Vitamin Shoppe chain to two private equity firms that plan to invest in the retailer and upgrade its roughly 650-store fleet.
April 17, 2025
New York apartment rent growth rebounds in the first quarter
Apartment rents in New York are increasing again, albeit at a faster rate during the first quarter of 2025.
April 16, 2025
New York's population surges, but apartment construction hits the brakes
Developers typically target markets with strong rental demand when building new apartments.
April 15, 2025
Hackensack Meridian Health reaches construction milestone on new Metropark Station hospital
Hackensack Meridian Health announced it has topped off construction on its new health and wellness center near one of New Jersey’s largest transit hubs. When it opens later this year, the Hackensack Meridian Health and Wellness Center at Metropark will offer a range of services, including primary and specialty care, urgent care, rehabilitation and a retail pharmacy.
April 14, 2025
Tishman Speyer lands $331 million loan for Jersey City apartment tower
New York developer Tishman Speyer has secured a $331 million construction loan to build the second of two apartment towers it plans on the Hudson River waterfront across from Manhattan.
April 8, 2025
Prologis acquires pair of New Jersey industrial properties for $197.4 million
Logistics giant Prologis has picked up a pair of industrial properties at Exit 8A of the New Jersey Turnpike for $197.4 million, marking one of the largest such sales recently in the Garden State.
April 8, 2025
Tex-Mex eatery On The Border rejects more leases, gets closer to finding new owner
Tex-Mex restaurant chain On The Border Mexican Grill & Cantina is closer to getting a new owner after a U.S. bankruptcy judge approved bid procedures and deadlines ahead of a scheduled auction next month.
April 7, 2025
New Jersey offers tax incentives for cultural arts development
New Jersey is offering tax incentives of up to $75 million per project for the development and rehabilitation of venues such as performing arts centers and museums.
April 7, 2025
Trump administration offers federal lands for data center development
The U.S. Energy Department identified 16 federal sites where tech companies could fast-track development of data centers and power plants to support the boom in artificial intelligence technology.
April 7, 2025
Nestle tops list of first quarter’s biggest North Jersey industrial leases
In Northern New Jersey five big new industrial leases for over 1 million square feet were inked in the first quarter, even as demand in that commercial real estate sector softened.
April 2, 2025
Prudential’s PGIM raises $2 billion for data centers
Prudential Financial has followed its insurance competitors into the data center market by hauling in billions to spend on new developments.
April 2, 2025
Industrial investors target New Jersey’s Middlesex and Essex counties early in 2025
New Jersey’s industrial property sales activity totaled $409 million in the first quarter of 2025, down 59% from the fourth quarter of 2024, but 10% above the level recorded in the same period last year.
April 2, 2025
New York City office glut shrinks fastest among major U.S. cities during first quarter
When it comes to the performance of the office sector, the cream continues to rise to the top.