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New Jersey Shopping Plaza Sells for $44 Million

New Jersey Shopping Plaza Sells for $44 Million

by Phil Hall | Apr 11, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Hazlet Town Center, a 190,000-square-foot shopping plaza in Hazlet, New Jersey, has been sold for $44 million. Based along the Route 35 retail corridor, the property is approximately 90% leased and anchored by Aldi, Burlington and Urban Air. The sale did not include...
Joint Venture to Develop $400 Million, 670-Unit Residential Project in New Jersey

Joint Venture to Develop $400 Million, 670-Unit Residential Project in New Jersey

by Phil Hall | Mar 6, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The real estate investment trust BXP (NYSE: BXP) has entered into a joint venture with CrossHarbor Capital and Albanese Organization to develop 290 Coles Street, a full-block, 1.75-acre site in Jersey City, New Jersey, that will be developed into a 670-unit...
Former Hospital Site in New Jersey to Become Mixed-Use Development

Former Hospital Site in New Jersey to Become Mixed-Use Development

by Phil Hall | Feb 18, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The 133-acre site of a defunct New Jersey hospital has received approval to become a $350 million mixed-use development with 1,005 apartments. NJBiz.com reports the City of Orange approved a plan to renovate the former Orange Memorial Hospital into a new development...
New Jersey Medical/Office Property Sells for $22 Million

New Jersey Medical/Office Property Sells for $22 Million

by Phil Hall | Feb 11, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A 151,339-square-foot medical/office building in Fairlawn, New Jersey, has sold for $22 million. Located along Route 208, the three-story property was built in 1986 and is anchored by Summit Health, which consolidated five area sites and practices at this location....
Hits and Misses for the Real Estate Week of Feb. 3-7

Hits and Misses for the Real Estate Week of Feb. 3-7

by Phil Hall | Feb 7, 2025 | Hits and Misses, Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New leadership at federal agencies, a possible cause for some of the Los Angeles wildfires, and new HGTV shows that don’t seem very new. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Feb. 3-7. Hit: The Right Man for the...
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