A Jersey City parcel in the Marion section sold with a 321-unit development plan attached, closing a land deal that came pre-loaded with the same approvals RE-NJ flagged on a separate Jersey City site this week — another sign sponsors are buying dirt in that corridor with entitlements already in hand rather than fighting the zoning board themselves. jerseydigs.com
PGIM and Allegro sold a 173-unit Bergen County senior living community, one more institutional owner cashing out of New Jersey senior housing this quarter. re-nj.com
STRO and KRE bought a 117,000-square-foot Elmwood Park warehouse, growing their industrial assemblage there to 13 acres — a scale that starts to support a bigger redevelopment play than a single warehouse deal. re-nj.com
A Plainfield, New Jersey development site sold already carrying approvals for 68 apartments, per Marcus & Millichap — another pre-entitled deal moving in the same North Jersey pattern as this week's other land sales. re-nj.com