The best of The Briefing 2025: Hackensack scraps PILOTs, Ocean County mobile home deal

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Our most-read stories of 2025 (3rd quarter)

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Hackensack council votes to scrap PILOTs for major projects by Sanzari, Russo and Enburg, with legal action now looming

The Hackensack city council has voted to rescind payment in lieu of taxes agreements for three high-profile development projects, raising major questions about the fate of proposals that would bring another 650 luxury apartments to the municipality.

(Aug. 12, 2025)

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Ocean County mobile home park trades for $2.3 million, Kislak says

An investor has acquired a mobile home community in the Ocean County township of Manchester for $2.3 million, in a newly announced deal by The Kislak Co. Inc.

(July 7, 2025)

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Russo lands $162 million loan for new 534-unit ‘Vermella’ rental project in New Brunswick

Russo Development has closed on $162 million in financing for its new 534-unit high-end multifamily development in New Brunswick, brokers with JLL announced.

(Sept. 22, 2025)

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THE REST OF THE BEST

Family sells 156-unit Somerville, New Brunswick portfolio after six decades, Berkadia says

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Aiming high: A gleaming new office tower is Camden’s next big swing. Officials are now quietly working to get the project started.

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East Orange project with 420 rentals, commercial space lands $298 million Aspire award

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KSR: Developer buys Plainfield property for $4.25 million, eyeing major residential project

JLL: Bristol Myers Squibb eyes sale, partial leaseback of 1.2 million sq. ft. Summit campus

SJP, Claremont eye groundbreaking for 444-unit rental tower at historic Jersey City church site

Developer looks to sell new 199-unit luxury rental building in Bloomfield, JLL says

CBRE: Veris sells 240-unit high-end rental property in Park Ridge for $117 million

Investor buys 48-unit Gloucester County rental complex for $5.1 million, A.J. Sussman says

The Real Estate NJ Events Calendar

Jan. 14: 2026 BOMA New Jersey Annual Membership Meeting

Jan. 22: NAIOP NJ Annual Meeting & CRE Outlook

Jan. 22: CoreNet Global NJ State of the NJ Market: Corporate Real Estate Update

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Feb. 3: ULI Northern New Jersey Emerging Trends in Real Estate 2026

Feb. 9: The Newark Summit by roundtable&advisory

March 24-26: Atlantic Builders Convention

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