New Jersey

New Jersey US Senators Cory Booker and Bob Menendez joined 13 other Northeast Senators in a letter to FRA Administrator Ronald Batory that the agency finalize and approve plans to immediately advance the Hudson Tunnel Project into the design and construction phase, noting the project secured draft Environmental Impact Statement approval in 2017.

Investors have stars in their eyes when it comes to seniors and transit-oriented housing because demand has outpaced supply for both asset types in core urban markets.

Cross Roads Plaza is anchored by a 70,818-square-foot ShopRite, which makes-up 71% of the property's gross leasing area and 58% of the gross income. The grocer's lease term runs through 2024.

NAP, a member of the Hilb Group, will occupy 6,600 square feet of the fourth floor at Northpoint at 20 Waterview, where Vision recently completed a multi-million-dollar capital improvement program that included a redesign of the building's lobby, amenities and common areas.

When combined with its existing space at the adjacent 1330 Frank Sinatra North, the expansion deal nearly doubles the child care center's operations within The Shipyard mixed-use residential and retail development.

Penwood Real Estate, which is headquartered in West Hartford, CT, and Princeton, NJ-based Metrix Real Estate secured a three-year construction loan with two one-year extension options through Wells Fargo Bank for the project at 10 Princess Road.