Transactions

A joint venture led by KS Group has purchased the historic Newark hotel following the zoning board’s rejection of a plan that would have greenlit a residential conversion.

Urban Edge Properties announced yesterday that it has entered into a $43.7 million contract to purchase Hudson Mall in Jersey City. The property, located on Route 440, spans 383,000 square feet and contains anchor tenants Marshalls, Toys "R" Us, Staples, and Old Navy.

The sale demonstrates the strength of the Jersey City multi-family market despite the pandemic.

Kislak recently announced the sale of legacy property Sunnyfield Gardens Apartments in Linden, New Jersey.

Intercept Pharmaceuticals is relocating its global headquarters from 10 Hudson Yards in Manhattan to Morristown, New Jersey.

A portfolio of affordable, income-restricted multifamily properties in northern and central New Jersey was recently sold for $14,145,000.

Two large multi-family complexes in small towns not far from the Delaware River are proving that New Jersey’s "Gold Coast" isn’t the only riverfront spot with a high demand.

A private real estate investment firm has purchased the sprawling American Metro Center office complex in Hamilton, once an American Standard manufacturing facility, for $84.7 million.

O’Donnell’s Allendale Road mansion will be torn down and redeveloped into a complex that includes some affordable housing.

Ownership of the former Bayonne private school has been officially transferred to the Alessi Organization, who built the nearby South Cove Commons.