News
Los Angeles Investor Enters New Jersey Market With Somerset Apartment Purchase
2+ hour, 42+ min ago (624+ words) Tru America Multifamily believed something was missing geographically in its portfolio, but that was remedied in June when it bought The Grove Somerset, a 384-unit apartment community in Somerset. Based in Los Angeles, Tru America would not disclose the purchase…...
Paramount-Backed 1888 Studios in Bayonne Wins Award
3+ week, 2+ hour ago (332+ words) A film studio under construction that will become the largest in the Northeast has been recognized for a major deal they struck last year as Bayonne has solidified itself as an emerging development hotspot. Construction began last year on the…...
Camden Tower Once Plagued by Crime Reopens After $48 Million Transformation
4+ week, 1+ day ago (737+ words) The atmosphere at last Thursday's ribbon-cutting for the rehab of a 21-story apartment tower in Camden was festive, with more than the usual amount of hugging between the developers and government officials, and each side applauding the other. Camden Mayor…...
Palisades Park Approves 510-Unit "Destination" Development on Grand Avenue
1+ mon, 1+ week ago (270+ words) The path has been cleared to transform a retail property in Bergen County into a new mixed-use development that aims to create a new center of commerce with retail, open space, and more. The Palisades Park Planning Board recently greenlit…...
Newark Anheuser-Busch Brewery Sells for $360 Million
1+ mon, 2+ week ago (338+ words) An iconic brewery that was seen by millions of travelers passing through Newark Liberty International Airport will soon be a memory of the Garden State, as a new logistics center is in the works for the former beer production facility....
Two Buyers Emerge for Fort Lee's Bankrupt i Pic Theater
1+ mon, 4+ week ago (342+ words) With days left before their New Jersey movie palace is set to close, i Pic has not one but two suitors seeking to buy the company's assets as part of ongoing court proceedings. Jersey Digs reported some sad news earlier…...
Nick Castellanos Sells 10, 000-Square-Foot Mansion in Moorestown
2+ mon, 1+ hour ago (198+ words) Former Philadelphia Phillies star Nick Castellanos has parted ways with his 10, 000-square-foot home in Moorestown. The MLB star, who is currently playing for the San Diego Padres, sold the 2019 mansion for $4. 89 million four years after he purchased it from NBA…...
Senate Report Says New Jersey Saw Highest State Electricity Rate Increase Last Year
2+ mon, 2+ week ago (212+ words) The cost of energy was a huge campaign issue in the Garden State gubernatorial race last year, and a new report out of Washington D. C. says that New Jersey saw the largest electricity rate spike in the entire country over 2025. Minority…...
Newark Developer Pedro Gomes Wins Zoning Approval for 14-Story High-Rise on Orange Street
2+ mon, 4+ week ago (495+ words) For years, developer Pedro Gomes has dreamed of putting a high-rise on Orange Street. In a career that has churned out 1, 000 new apartments, building a tower is the one thing that has eluded him. Last month, his first high-rise building…...