New Jersey
Record $180M MF Deal Completed in St. Louis
Berkadia completed the sale and financing of a six-property portfolio located in St. Louis County, MO. The 2,000-unit, garden-style portfolio… Read more
Duke Picks up 3.1M-SF Industrial Portfolio Along NJ’s I-95 Corridor
Duke Realty completed a 3.1-million-square-foot industrial property acquisition comprised of six newly constructed buildings and two land sites for future… Read more
Silverman Taps CushWake for Addison Leasing Job
The Silverman Group has selected Cushman & Wakefield’s Britt Casey and Jeff Matella to market 350 S. Church St. in… Read more
JLL Hires Christopher DeLorenzo in NJ
JLL has hired Christopher DeLorenzo as an EVP with its New Jersey brokerage operations. The 25-year industry veteran was most… Read more
Demand Spikes for Region’s Data Centers
The New York tri-state data center market posted nearly five megawatts of net absorption in the second half of 2017.… Read more
New Jersey Spec Office Development Set to Commence
Toll Brothers City Living plans to break ground this summer on a 12-story office building at 1000 Maxwell Lane in… Read more
Congress Passes $1.3-Trillion Spending Bill, Funds Government Through September
A $1.3-trillion spending bill was passed by both the House and Senate, which will fund the government through September. President… Read more
Transwestern to Lease Up Toll Brothers’ Spec Office in Hoboken
Transwestern will provide leasing services for 125,000 square feet of speculative office space at Toll Brothers’ 1000 Maxwell Lane, the… Read more
NJ Governor Proposes 4M-SF Incubator Hub
New Jersey Gov. Phil Murphy has unveiled plans to build the Hub, a four-million-square-foot research and start-up incubation center on… Read more
NJ-Based Monahan CBRE’s Top Industrial Producer for 2017
CBRE’s top industrial producer in the Americas for 2017 was EVP Thomas Monahan, based at the firm’s Saddle Brook, NJ… Read more
What Are Comparative Costs to Build Out Office Space Today?
Construction costs rose 3% through 2017 and are expected to follow suit heading into 2018 and beyond, predicts JLL in… Read more
Mas Tec North America Renews Industrial Lease
Mas Tec North America, which designs and implements energy infrastructure, decided to remain in its current San Antonio spot. To… Read more
What’s Impact of Toys ‘R’ Us Closing on CRE?
Toys ‘R’ Us intends to wind down U.S. operations, which is likely to encompass closing its stores in the U.S.… Read more
Hudson Group Will Operate FAO Schwarz Stores at Airports
Travel retail chain Hudson Group has signed an exclusive agreement with FAO Schwarz to operate FAO Schwarz- and FAO Schweetz-branded… Read more
CushWake Brokers 400K-SF Meadowlands Industrial Deal
In the Meadowlands’ largest industrial deal since mid-2016, Bergen Logistics signed on for 404,000 square feet of a fully-automated distribution… Read more
Hoboken’s Wonder Lofts Redevelopment Lands $120M Recap
Angelo, Gordon & Co. and Prism Capital Partners have joined forces on a $120-million recapitalization of the Wonder Lofts redevelopment… Read more
Barings Picks Up Pair of NJ Industrial Assets for $65M
After three bidding rounds that drew institutional and private investors, a pair of industrial properties in Avenel, NJ has traded… Read more
Toys ‘R’ Us Reportedly Preparing for Liquidation
Toys ‘R’ Us is reportedly prepping to close all of its U.S. stores. The liquidation rumors began circulating as attempts… Read more
Apple and Facebook’s Big Data Centers Change Cowtown Culture
According to a 2017 CBRE report, the most active areas for data center construction in the U.S. were Chicago, Detroit,… Read more