Top Stories in New Jersey Commercial Real Estate

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NJBA launches legal challenges against towns seeking to lower affordable housing obligations

The New Jersey Builders Association is suing nearly 160 municipalities that have sought to reduce their affordable housing obligations under a law adopted last year, setting up a new round of legal battles as state officials roll out the closely watched program.

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Alpine snags $143 million construction loan, equity for 500-unit ‘Scholars Village’ project near Liberty Science Center, JLL says

Alpine Residential has landed a nearly $143 million construction loan and equity for a plan to build 500 apartments on the doorstep of the Liberty Science Center in Jersey City.

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Judge dismisses state racketeering charges against Norcross, allies in case tied to redevelopment of Camden waterfront

A judge has dismissed the state’s racketeering case against political power broker George Norcross and other key figures in South Jersey, one that stemmed largely from a series of land deals and well-known development projects along Camden’s waterfront.

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IN OTHER NEWS

BRC: Diesel engine provider buys 55,000 sq. ft. Somerset facility for $14 million

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C&W: New amenity space helps draw two tenants to waterfront office tower in Jersey City

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Levin joins ‘Signs of Hope’ initiative to promote mental health, suicide prevention resources

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ICYMI

JLL: Developer lands $81 million financing package for new Jersey City rental properties

Larken Associates eyes continued growth after 60 years of residential, commercial building

New 16-unit rental building in Paterson trades for $4.3 million, Kislak says

Hudson Atlantic brokers sale of 18-unit rental complex in Englishtown for $4.2 million

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