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Real Estate
$54M Deal Fuels Massive 528K-SF Logistics Park At NJ Turnpike Exit 5 $54M Deal Fuels Massive 528K-SF Logistics Park At NJ Turnpike Exit 5
$54M Deal Fuels Massive 528K-sf Logistics Park At NJ Turnpike Exit 5 A major industrial project is rising off one of South Jersey’s busiest highway exits. JLL Capital Markets announced it has facilitated a joint venture partnership and secured $54 million in construction financing for Turnpike 5 Logistics Park, a two-building, 528,478-square-foot speculative industrial development located at Exit 5 of the New Jersey Turnpike in Burlington County. The project includes two warehouse distribution buildings that are already well underway, according to the release. One 310,000-square-foot building is planned for Burlington Township, and a 218,478-square-foot buil…

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by Cecilia Levine
Real Estate
Zillow Gone Wild Features 100-Year-Old NJ Victorian Zillow Gone Wild Features 100-Year-Old NJ Victorian
Zillow Gone Wild Features 100-Year-Old NJ Victorian A grand 1925 Victorian in North Jersey is turning heads on Zillow Gone Wild. The nine-bedroom, 5.5-bathroom home at 119 High St. in Passaic is listed for $1,499,000 and is currently under contract, according to its MLS listing with Pete Kopec Jr. of Keller Williams Prosperity. The property was updated Feb. 6, after spending 260 days on the market. View this post on Instagram The single-family 1925 Victorian has nine bedrooms, 5.5 bathrooms, and more than 5,600 square feet of living space.  Original stained glass, detaile…

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by Cecilia Levine
Real Estate
Netflix’s 'My Unorthodox Life' Tribeca Penthouse Sells For $57M Netflix’s 'My Unorthodox Life' Tribeca Penthouse Sells For $57M
Netflix’s 'My Unorthodox Life' Tribeca Penthouse Sells For $57M The Tribeca penthouse where Netflix filmed “My Unorthodox Life” with Rockland County, NY native Julia Haart and her family has sold for $57 million after more than three years on the market (click here to look inside). The sale of 70 Vestry St., closed on Thursday, Feb. 5, according to property records. The news was first reported by The Real Deal. The final sale price was 12% below the $65 million asking price, records show. Known as Penthouse South, the duplex spans 7,808 square feet and includes six bedrooms and 6.5 bathrooms, according to listing information. While listing agency The Mo…

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by Cecilia Levine
Real Estate
$4.15M Deal Sealed For Prime Industrial Flex Property Near Teterboro Airport $4.15M Deal Sealed For Prime Industrial Flex Property Near Teterboro Airport
$4.15M Deal Sealed For Prime Industrial Flex Property Near Teterboro Airport A 14,664-square-foot industrial flex building in Teterboro has sold for $4.15 million, according to a major real estate firm. The property at 50 Hollister Road was sold by 50 Hollister LLC to S Platform Logistics LLC (S-Platform), NAI James E. Hanson announced Tuesday, Feb. 17. The single-story building sits on 0.57 acres within Bergen County’s established business corridor and is zoned light industrial, allowing a wide range of commercial and business uses, the firm said. The property features 17-foot clear ceiling heights, two tailgate loading docks, 25 surface parking spaces, and a fully…

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by Cecilia Levine
Real Estate
NJ Estate Sells For $3.35M, More Than Double Prior Mark In Record-Crushing Sale NJ Estate Sells For $3.35M, More Than Double Prior Mark In Record-Crushing Sale
NJ Estate Sells For $3.35M, More Than Double Prior Mark In Record-Crushing Sale A North Jersey home has shattered its borough's all-time real estate record after closing for $3.35 million. The Tony Nabhan Collective closed the sale of 8 Flintlock Court in Totowa for $3.35 million, more than doubling Totowa’s previous high of $1.53 million set in October 2024 at 77 Liberty Ridge Trail, sales records show. The median sale price of a Totowa home in January 2026 was $753,000, which is a 53.7% increase from the same time last year, according to Redfin. Homes in Totowa are typically selling after 169 days on the market, Redfin reports. The property at 8 Flintlock Ct., known…

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by Cecilia Levine
Real Estate
Demolition Begins On Historic Hackensack YMCA Where Luxury Apartment Project Will Rise Demolition Begins On Historic Hackensack YMCA Where Luxury Apartment Project Will Rise
Demolition Begins On Historic Hackensack YMCA Where Luxury Apartment Project Will Rise Demolition began Friday, Feb. 13, on the former Hackensack YMCA building at 360 Main Street, marking the end of an era for a landmark that served the city for 90 years. The historic YMCA, where many locals learned to swim before closing in 2022, is being torn down to make way for a 254-unit high-end residential building approved by the City Planning Board in May 2024. Plans for the site include a 6,000-square-foot public plaza as part of what officials described in a news release as a “landmark project.” View this post on Instagram Once f…

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by Cecilia Levine
Real Estate
$83M Financing Secured For 258-Unit Luxury Rental Project Across From NJ Train Station $83M Financing Secured For 258-Unit Luxury Rental Project Across From NJ Train Station
$83M Financing Secured For 258-Unit Luxury Rental Project Across From NJ Train Station More than $83 million in financing has been secured for a 258-unit luxury apartment development in New Jersey. JLL Capital Markets announced it secured a $63.2 million construction loan from Bank OZK and a $20.15 million mezzanine placement from PGIM for ECCO, a five-story multifamily project at 250 Union St. in Elizabeth. ECCO represents Phase 2 of the broader Vintage City Development, a redevelopment project that received NAIOP’s Mixed-Use Deal of the Year Award in 2025, according to JLL. The project is located directly across from the newly renovated $75 million Elizabeth Train Station …

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by Cecilia Levine
Real Estate
$4.8M Sale Breaks Record For Bergen County Town, Surpasses Prior $4.75M High $4.8M Sale Breaks Record For Bergen County Town, Surpasses Prior $4.75M High
$4.8M Sale Breaks Record For Bergen County Town, Surpasses Prior $4.75M High A newly constructed luxury estate in Bergen County sold for $4.8 million this week, setting a new record for the highest residential sale in the borough. The Wednesday, Feb. 11 sale of 12 Echo Ridge Road surpassed the previous borough record of $4.75 million, which was set by a home on Barry Lane in September 2024, according to MLS information. In a joint statement, listing agents Taylor Lucyk and Jaimee Rizzo said the milestone was intentional. “Setting a new record in Upper Saddle River wasn’t accidental, it was the result of precise market analysis, strategic positioning, and flawless e…

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by Cecilia Levine
Real Estate
$296M Secured For 1,880-Unit NJ Apartment Portfolio Spanning 5 Counties $296M Secured For 1,880-Unit NJ Apartment Portfolio Spanning 5 Counties
$296M Secured For 1,880-Unit NJ Apartment Portfolio Spanning 5 Counties A 1,880-unit apartment portfolio across five New Jersey counties has secured $296 million in financing, officials announced Thursday, Feb. 12. JLL Capital Markets announced it arranged the funding for the 13-property multi-housing portfolio through Freddie Mac. The garden-style portfolio includes 1,880 market-rate units across 13 properties located in Middlesex, Somerset, Union, Monmouth and Morris counties. The properties were built between 1959 and 1999 and are primarily legacy-owned assets. The announcement states the garden-style format “offers residents a suburban living experien…

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by Cecilia Levine
Real Estate
$11.5M Deal To Transform Vacant Route 46 Building Into Grocery-Anchored Retail Hub $11.5M Deal To Transform Vacant Route 46 Building Into Grocery-Anchored Retail Hub
$11.5M Deal To Transform Vacant Route 46 Building Into Grocery-Anchored Retail Hub A long-vacant commercial building along Route 46 in Clifton is set to be transformed into a grocery-anchored retail center following an $11.5 million financing deal, according to JLL Capital Markets. JLL Capital Markets announced it arranged $11.5 million in acquisition financing for 1030-1050 Route 46 in Clifton, a 48,535-square-foot retail center located at the intersection of Route 46 and Route 3, the firm said. JLL secured a three-year, floating-rate loan through Fidelity Investments on behalf of the borrower. The property occupies a 4.3-acre site within one of New Jersey’s most heavil…

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by Cecilia Levine
Real Estate
Existing-Home Sales Plummet 8.4% In January As Prices Keep Climbing: 'Americans Are Stuck' Existing-Home Sales Plummet 8.4% In January As Prices Keep Climbing: 'Americans Are Stuck'
Existing-Home Sales Plummet 8.4% In January As Prices Keep Climbing: 'Americans Are Stuck' Existing-home sales plunged across the US in January in the latest sign of strain on the nation's real estate market, according to new data. Sales dropped 8.4% from December 2025 to a seasonally adjusted annual rate of 3.91 million in January, the National Association of REALTORS said in a report released on Thursday, Feb. 12. That's also 4.4% lower than January 2025 and the slowest pace since December 2023. The sinking sales coincide with the national median existing-home price reaching a record January high of $396,800. The median was up 0.9% from January 2025, marking the 31st …

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by Chris Spiker
Real Estate
Property Taxes Climb Across Bergen County: See Your Town’s 2025 vs. 2024 Average Property Taxes Climb Across Bergen County: See Your Town’s 2025 vs. 2024 Average
Property Taxes Climb Across Bergen County: See Your Town’s 2025 vs. 2024 Average Property taxes went up in most Bergen County towns in 2025, according to newly released figures from New Jersey's Department of Community Affairs. The data reflects the average total residential property taxes paid in each municipality, not including credits or deductions. Several towns saw increases of more than $1,000 year over year. Demarest rose from $24,736 in 2024 to $26,108 in 2025. Tenafly climbed from $23,833 to $25,123. Alpine increased from $22,581 to $23,291. Even in mid-range towns, homeowners are paying hundreds more than they did last year. In Fair Lawn, the average ros…

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by Cecilia Levine