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Real Estate
NYC Developer Buys Hackensack Building For $36M NYC Developer Buys Hackensack Building For $36M
NYC Developer Buys Hackensack Building For $36M A New York City developer has bought a luxury apartment building in Hackensack for $36 million, TheRealDeal reports. The VUE Hackensack on Polifly Road is now owned by Sutton Equity, whose executives claim the off-market purchase was motivated by New York City's recent rent control increase, according to the outlet. The building has 78 units, most of which are two bedrooms in the 1,200 square feet range, Apartments.com says. The average monthly rent is $2,650. Click here for more from TheRealDeal.

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by Nicole Acosta
Real Estate
This 160-Acre Sprawling Estate With Horse Barn Is Most Expensive Listing In Monmouth County This 160-Acre Sprawling Estate With Horse Barn Is Most Expensive Listing In Monmouth County
This 160-Acre Sprawling Estate With Horse Barn Is Most Expensive Listing In Monmouth County Sitting on a sprawling 160 acres with the capacity to develop into an equestrian arena, this Colts Neck estate is jaw-dropping. The seven-bedroom home is selling for $24.9 million, making it the most expensive property in Monmouth County. The estate's horse barn features 24 stalls. This world-class farm and estate dedicated to the breeding, sale, and racing of thoroughbreds is centrally located on the Jersey Shore, just one hour from Manhattan.  A grand staircase connects to three levels of the home, in addition to an elevator that services all four floors.  The main level …

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by Jon Craig
Real Estate
Most Expensive Cape May County Home With Ocean Views, Elevators Listed At $17.7M Most Expensive Cape May County Home With Ocean Views, Elevators Listed At $17.7M
Most Expensive Cape May County Home With Ocean Views, Elevators Listed At $17.7M The most expensive home in Cape May County built just two years ago is for sale at a whopping $17.7 million, according to its listing. With beachfront views, two pools, two elevators, gas fireplaces and attached garages, how can you go wrong? The condo duplex on Wesley Avenue in Ocean City also has 12 full bathrooms and two half-baths and is billed as "the most prestigious home built on the Goldcoast." The primary bedrooms are an oasis of their own with vaulted custom ceilings, two walk-in closets and private porches. It has a great rental history, its listing agent says. Own the who…

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by Jon Craig
Real Estate
Bon Jovi Sells Manhattan Condo For $22M (PHOTOS) Bon Jovi Sells Manhattan Condo For $22M (PHOTOS)
Bon Jovi Sells Manhattan Condo For $22M (Photos) New Jersey-born rocker Jon Bon Jovi has sold his New York City condo for $22 million, according to the Robb Report. The Sayreville native purchased the 4,000-square-foot digs for $18.94 million in 2017.  The condo, located at 155 West 11th Street — between the Greenwich Village and West Village — sold just six days after being listed, on Feb. 10, 2022, at asking price. Features of the four-bedroom condo include floor-to-ceiling windows, Juliette balconies in the living room, and more, according to the Compass listing.  BedroomCOMPASS / Shannon Dupré Living roomCOMPASS / Shannon Dup…

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by Cecilia Levine
Real Estate
Price On Teresa Giudice's NJ Home Down To $2 Million After Failed Deal Price On Teresa Giudice's NJ Home Down To $2 Million After Failed Deal
Price On Teresa Giudice's NJ Home Down To $2 Million After Failed Deal The price on Teresa Giudice's North Jersey home has dropped to just below $2 million after a deal fell through, originally reported by the New York Post. The "Real Housewives of New Jersey" star's 10,000-square-foot mega-mansion in Towaco hit the market at $2.5 million in September 2020, just after finalizing her divorce from her husband Joe. A buyer backed out of purchasing Giudice's home after a nine-month escrow process, The Post reports. Last Thursday, the home dropped to $1.999 million. The 6-bedroom and 5.5-bathroom home boasts an entrance foyer with a high ceiling and black marble …

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by Cecilia Levine
Real Estate
North Jersey Stop & Shop Shutters North Jersey Stop & Shop Shutters
North Jersey Stop & Shop Shutters A longtime North Jersey Stop & Shop store has shuttered, NorthJersey.com reports. The "difficult" decision to close the Route 17 store in Paramus was made from a financial perspective after a review of store performance, a Stop & Shop communications manager told the news outlet. The store was an Acme in the 1980s and a Grand Union in the 1990s, before Stop & Shop took over in the early 2000s, according to the Acme Style Blog.  The borough's Planning Board in 2019 approved a renovation project for the Stop & Shop store -- as well as the KMart store on the…

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by Cecilia Levine
Real Estate
CVS Shutters Central Jersey Store Amid Plan To Close Hundreds CVS Shutters Central Jersey Store Amid Plan To Close Hundreds
CVS Shutters Central Jersey Store Amid Plan To Close Hundreds CVS Health has closed one of its New Jersey stores as part of a broader plan to shutter 900 stores by 2024. The company’s only store in Metuchen, located at 45 Pearl St. closed on Dec. 28, according to several reports. “All prescriptions will be seamlessly transferred to the nearby CVS Pharmacy at 913 Oak Tree Ave. in South Plainfield, which is less than 4 miles away, ensuring that pharmacy customers continue to have uninterrupted access to service," the company said in a statement. CVS Health will be closing 900 stores across the US in the next three years, the company announced in Novemb…

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by Jon Craig
Real Estate
NJ Bed Bath & Beyond Store Among Dozens Closing NJ Bed Bath & Beyond Store Among Dozens Closing
NJ Bed Bath & Beyond Store Among Dozens Closing Nearly 40 more Bed Bath & Beyond stores will be closing in February, according to a new report from USA Today. Among them, one in New Jersey. Liquidation sales are underway at the 37 stores, including the one on River Road in Edgewater, the outlet says. Last June, the company announced it would be closing 200 stores over the next two years. Locations in Jersey City, Howell, and Rockaway were some of the first to go. Click here for more from USA Today.

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by Cecilia Levine
Real Estate
$100 Million Indoor Waterpark To Break Ground At Showboat Atlantic City $100 Million Indoor Waterpark To Break Ground At Showboat Atlantic City
$100 Million Indoor Waterpark To Break Ground At Showboat Atlantic City A non-gambling, family-friendly attraction is coming to Atlantic City. The groundbreaking ceremony on ISLAND Waterpark at Showboat Atlantic City will be held on Jan. 12 at 10:30 a.m. Showboat's owner and CEO of Tower Investments, Inc., Bart Blastein, announced the news in a press release this week, touting the development as the largest indoor waterpark in the world. The 103,000-square-foot waterpark is a $100 million project and will have a lazy river, pools, shopping, party rooms, lounge areas, and waterslides. Click here for more on the waterpark from Jersey Digs.

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by Jon Craig
Real Estate
Maryland House Where NJ Native Linda Tripp Recorded Lewinsky Calls Goes For $523K: Report Maryland House Where NJ Native Linda Tripp Recorded Lewinsky Calls Goes For $523K: Report
Maryland House Where NJ Native Linda Tripp Recorded Lewinsky Calls Goes For $523K: Report The Maryland home where New Jersey native Linda Tripp recorded phone conversations with Monica Lewinksy in the notorious sex scandal with former President Bill Clinton has sold for $523,000, the New York Post reports. The Cricket Pass home in Hickory Ridge has four bedrooms, 2.5 bathrooms, a formal dining room, powder room, private family suite, and more, the Zillow listing says. It apparently sold in September 2021. Whistleblower Tripp lived in the house from 1983 until 2000, when media attention drove her out. The recordings from inside the home were key in Clinton's impeachment…

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by Cecilia Levine
Real Estate
Luxury Apartments Opening In Redeveloped NJ City (PHOTOS) Luxury Apartments Opening In Redeveloped NJ City (PHOTOS)
Luxury Apartments Opening In Redeveloped NJ City (Photos) A high-end apartment is opening in New Jersey this week. The Brick of Hackensack is a 15-story building luxury apartment that is the first residential high-rise in the downtown area, according to the planning committee. The Brick of HackensackThe Brick of Hackensack The Brick of HackensackThe Brick of Hackensack The Brick of HackensackThe Brick of Hackensack The building features 378 luxury upscale apartments, in additional to approximately 8,000 square feet of retail space along Main Street in Hackensack. The Brick of HackensackThe Brick of Hackensack The Brick of Hackens…

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by Jillian Pikora
Real Estate
Massive Passaic County Industrial Complex Sells For $25.5 Million Massive Passaic County Industrial Complex Sells For $25.5 Million
Massive Passaic County Industrial Complex Sells For $25.5 Million A massive two-building industrial complex in Passaic County has been sold by its original family owners for a whopping $25.5 million, TheRealDeal reports. Toronto-based asset manager Brookfield closed on the deal to purchase Marino Plazas I and II on Kingsland Avenue in Clifton, which comprise a respective 57,000 and 68,000 square feet, the outlet reports citing familiar sources. The deal is one of Brookfield’s several recent efforts to expand their Garden State presence, which now includes two dozen assets totaling 5.2 million square feet, the report says. With a lease rate of about …

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by Valerie Musson