New Jersey
CMBS Disposition Volume Surges
CMBS disposition volume surged to $1.4 billion in June, according to Trepp, following a 12-month low in May. Deal activity… Read more
Fitness Comes to Shopping Center in Watchung, NJ
The MAX Challenge has leased 3,000 square feet at Blue Star Shopping Center in Watchung, NJ. “Fitness represents a new… Read more
What’s Driving Industrial Investment Markets?
By Dennis Kaiser Connect Industrial’s inaugural conference in Chicago on June 28th included an investment panel discussion that included Heitman’s… Read more
$9M for Suburban Walgreens
A private buyer paid $8.9 million for a free-standing Walgreens with a long-term triple-net lease. “This has been a proven… Read more
Office Vacancies Drop in Northern and Central NJ
The percentage of vacant office space in Northern and Central New Jersey dropped to 24.6% at mid-year 2017, after trending higher… Read more
Aimco Acquires Trio of Assets for $452M
Denver-based Apartment Investment and Management Company (Aimco) acquired a 47% interest in the Palazzo joint venture owned by institutional investors… Read more
Spec Warehouse Replaces Empty Offices in Wayne, NJ
Peykar Family Properties has begun tearing down the vacant, 360,000-square-foot office building at 150 Totowa Road in Wayne, NJ. They… Read more
Rockefeller Buys 228-Acre NJ Site, Plans Industrial Development
New York-based Rockefeller Group acquired a 228-acre industrial property in the Township of Piscataway, NJ from a partnership between Lincoln… Read more
Lisa Addeo Transwestern’s New Director of Operations
Lisa Addeo has joined Transwestern’s New Jersey office as director of operations. “As we continue to expand, her energetic personality… Read more
Construction Starts on Waterview Marketplace
Developers have broken ground on Waterview Marketplace in Parsippany, NJ. Waterview Marketplace will be anchored by a new Whole Foods… Read more
Toll Brothers New Hoboken Condos 90% Sold
Nearly 90% of the condominiums have already sold at 1400 Hudson St., Toll Brothers’ new building in Hoboken, NJ, even… Read more
Transwestern Wins 4.5M-SF Management Assignment from Griffin Capital
Los Angeles-based Griffin Capital Company, LLC awarded 4.5 million square feet in management assignments to Houston-based Transwestern. The properties are… Read more
Japanese Restaurant Leases in Bayonne, NJ
Yi Sushi will open its third Japanese restaurant at the QuickChek Center in Bayonne, NJ. “Yi Sushi has established a… Read more
Wig Distributer Leases Small Space in the Meadowlands
A company that distributes high-end wigs and other hair pieces is moving from South Carolina to the New Jersey Meadowlands.… Read more
C6 Buys New, Empty Apartments in Garfield, NJ
C6 Real Estate Partners bought River Edge at Garfield in Garfield, NJ. The 100 apartments were completed in 2017 and… Read more
Mountain Buys Office in New Providence
Mountain Development Corp. (MDC) has acquired 41 Spring St., a 170,000-square-foot single-story office property in New Providence, NJ. “This is… Read more
Rhodium Pays $20M for Jersey City Office
Rhodium Capital Advisors paid $20 million for the office building at 600 Pavolnia Ave. in Jersey City, NJ. “This acquisition… Read more
Renovation Coming for Perryville III
Shelbourne Global Solutions paid $19.9 million for Perryville III, a three-story office building in the I-78 market of Hunterdon County,… Read more
Valley & Bloom Almost Full in Montclair, NJ
Construction has just finished at Valley & Bloom, and the retail space is filling up quickly. CycleBar, the popular indoor… Read more