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$80M Deal Secured For NJ Luxury Apartment Complex $80M Deal Secured For NJ Luxury Apartment Complex
$80M Deal Secured For NJ Luxury Apartment Complex A major real estate deal was finalized in Essex County as JLL Capital Markets announced it secured an $80 million sale and $56 million acquisition financing for a luxury apartment community, the firm announced. The transaction involves the 232-unit SilverLake Apartments at 155 and 165 Belmont Ave. in Belleville, Essex County, according to JLL. SilverLake Apartments sits just steps from the SilverLake Light Rail Station, giving residents a 15-minute ride to Newark Penn Station and a 40-minute commute to New York Penn Station, JLL said. The property also offers quick access to Route 21, Inter…

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by Cecilia Levine
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Anthony Knox Commits To Rutgers Anthony Knox Commits To Rutgers
Anthony Knox Commits To Rutgers Anthony Knox, the four-time New Jersey high school wrestling champion, is officially a Scarlet Knight. Knox announced last month he was decommitting from Cornell after just one semester and never even hitting the mat. On Wednesday, Jan. 7, he announced he had signed with Rutgers. Court records show that two people named Anthony Knox (one with blue eyes and one with brown eyes), were charged with simple assault in a February brawl in Collingswood that nearly had the younger Knox disqualified from state championships. After an outpouring of support and a successful appeal, the St. John Viann…

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by Cecilia Levine
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$13.5M Refinance Secured For Shopping Center Off Route 78 $13.5M Refinance Secured For Shopping Center Off Route 78
$13.5M Refinance Secured For Shopping Center Off Route 78 A $13.5 million refinancing has been arranged for Millburn Village, a shopping center located in Vauxhall, according to JLL Capital Markets. The 71,177-square-foot retail center, located at 2933 Vauxhall Rd., sits just off Route 78 and serves a trade area of more than 1.7 million residents within a five-mile radius. JLL represented Lightstone in securing a three-year, fixed-rate loan through Ameritas Investment Corporation, the firm said. Millburn Village was acquired by Lightstone in 2003 and has maintained consistently high occupancy over the past five years, according to JLL. T…

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by Cecilia Levine
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Abu Dhabi-Based Developer Brings 800-Unit Waterfront Tower To Jersey City Abu Dhabi-Based Developer Brings 800-Unit Waterfront Tower To Jersey City
Abu Dhabi-Based Developer Brings 800-Unit Waterfront Tower To Jersey City One of the last prime waterfront sites in downtown Jersey City will soon be home to a 54-story luxury residential tower, developers announced. Modon Holding PSC, an Abu Dhabi–based international real estate company, announced last month that it has formed a joint venture to deliver Harborside 4, a high-rise development planned for Jersey City’s waterfront, minutes from Manhattan via PATH trains and ferry service. The joint venture includes Modon, which will hold a majority stake, along with U.S.-based Related Companies and long-established local developer Panepinto Properties, the rele…

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by Cecilia Levine
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New Jersey Freezes in the Dark — and Our Leaders Don’t Seem to Care: OPINION New Jersey Freezes in the Dark — and Our Leaders Don’t Seem to Care: OPINION
New Jersey Freezes in the Dark — and Our Leaders Don’t Seem to Care: Opinion While thousands of New Jersey families sat in cold, dark homes over the last several days, Trenton’s political machine hummed along uninterrupted — proof that in this state, electrical power may be optional, but political power is not. By any fair standard, New Jersey’s latest power-outage crisis is both a moral failure and a political one, and those responsible must be held accountable. As of last weekend, Jersey Central Power & Light’s own data showed more than 23,000 customers without electricity across its service territory — including over 6,500 in Warren County, 5,000 in Sussex, n…

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by Robert D. Kovic
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Controversial 4X NJ State Champ Wrestler Decommits From Cornell After One Semester Controversial 4X NJ State Champ Wrestler Decommits From Cornell After One Semester
Controversial 4X NJ State Champ Wrestler Decommits From Cornell After One Semester After just one season in Ithaca, Anthony Knox is changing course. The four-time New Jersey State champion wrestler on Thursday, Dec. 18, announced he'd decommitted from Cornell University. "It’s with very careful consideration I have decided to de commit from Cornell University. This was not an easy decision and I truly do love everyone involved with the Cornell Wrestling Program. However, I’m excited to see what this process has in store for me." Knox didn't provide a reason for the shift. He was not on the Cornell wrestling roster as of press time and apparently hadn't wrestled in …

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by Cecilia Levine
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Death Of Former NJ Assemblywoman Bethanne McCarthy Patrick Sends Shockwaves Through State Death Of Former NJ Assemblywoman Bethanne McCarthy Patrick Sends Shockwaves Through State
Death Of Former NJ Assemblywoman Bethanne McCarthy Patrick Sends Shockwaves Through State Former New Jersey Assemblywoman Bethanne McCarthy Patrick has died, with news of her passing spreading on social media Thursday, Dec. 18. She was 55 years old. A Republican from Pennsville, McCarthy Patrick served one term in the New Jersey General Assembly from 2022 to 2024, representing South Jersey. The NJ Globe said she was found in her home Thursday morning. McCarthy Patrick worked as an emergency medical technician with Inspira Health and served on the Mannington Township Board of Education between 2019 and 2021. She also owned the Cornerstone Cafe in Carneys Point. She rose to prom…

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by Cecilia Levine
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$47.5M Refinancing Deal Announced For NJ Luxury Apartments $47.5M Refinancing Deal Announced For NJ Luxury Apartments
$47.5M Refinancing Deal Announced For NJ Luxury Apartments A newly built luxury apartment complex in Central Jersey just landed a $47.5 million refinancing deal, underscoring continued demand for high-end rentals. JLL Capital Markets announced it secured the financing for Camelot West at Townelake in Sayreville, a newly delivered 176-unit luxury multifamily community located at 5105 Brown Road, according to the firm. JLL worked on behalf of the borrower, Kaplan Companies, to arrange the five-year, fixed-rate loan through a regional bank, officials said. The community offers access to public transportation and major highways, including the Gard…

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by Cecilia Levine
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Gov-Elect Sherrill Says AG Pick Will Make NJ More Affordable Gov-Elect Sherrill Says AG Pick Will Make NJ More Affordable
Gov-Elect Sherrill Says AG Pick Will Make NJ More Affordable Governor-elect Mikie Sherrill is starting to fill out her cabinet. Sherrill, who takes office next year, announced Monday, Dec. 15, that she has nominated Jennifer Davenport for Attorney General. Davenport must be confirmed by the state senate. The governor-elect said she was nominating Davenport as part of her effort to make New Jersey more affordable. “A strong Attorney General is critical to delivering for New Jerseyans, whether that taking on price gougers, fighting for federal resources, or protecting our rights and freedoms," Sherrill said. "As a lifelong New Jerseyan, I know Jen wil…

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by Sam Barron
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Anheuser-Busch To Sell Newark Brewery, Remove Iconic Sign After 75 Years Anheuser-Busch To Sell Newark Brewery, Remove Iconic Sign After 75 Years
Anheuser-Busch To Sell Newark Brewery, Remove Iconic Sign After 75 Years After standing over Newark for 75 years, the iconic Anheuser-Busch sign will come down as the company sells its Newark brewery as part of a nationwide restructuring, officials said. Anheuser-Busch announced it will sell its Newark manufacturing facility to the Goodman Group and shift production to other U.S. facilities, a move that also marks the end of the longtime sign that has been a fixture along the city’s skyline for generations, the company said. An Anheuser-Busch spokesperson said the company has invested nearly $2 billion over the past five years to modernize its U.S. manufacturing…

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by Cecilia Levine
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Surprise Proposal For Part Of Becton Dickinson Site Shakes Up Franklin Lakes Housing Talks Surprise Proposal For Part Of Becton Dickinson Site Shakes Up Franklin Lakes Housing Talks
Surprise Proposal For Part Of Becton Dickinson Site Shakes Up Franklin Lakes Housing Talks A surprise proposal involving part of the former Becton Dickinson property off Route 208 has been introduced as the borough works toward a critical affordable housing deadline, officials in Franklin Lakes said. According to a borough email and Facebook update, officials received a letter on Dec. 8 from The Hekemian Group stating that it had reached a preliminary agreement to acquire approximately 60 acres of the former Becton Dickinson (BD) property in Franklin Lakes. The proposed transaction for the former corporate property off Route 208 would not include most of the campus on the southwe…

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by Cecilia Levine
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60-Unit Development Breaks Ground At Historic NJ Site 60-Unit Development Breaks Ground At Historic NJ Site
60-Unit Development Breaks Ground At Historic NJ Site Construction has officially begun on The Vantage, a four-story mixed-use development rising at a historic site in Westfield. The project at 112 Ferris Pl. will bring 60 rental residences, including nine affordable housing units, above an underground parking garage with ground-floor retail space, the developer announced. The first residents are expected to move in during early 2027. The start of construction was marked by a ceremonial groundbreaking attended by Westfield Mayor Shelley Brindle, members of the Town Council, former municipal officials, and other stakeholders, Vango Development …

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by Cecilia Levine