New Jersey
Renovation Boosts 260K-SF Office’s Occupancy
A recent renovation is helping fill empty office space at 400 Plaza Dr., a 260,000-square-foot complex in Harmon Meadow in… Read more
Brookfield Fund to Pay $600M for First Core-Plus Deal
Brookfield Premier Real Estate Partners, a core-plus real estate fund managed by Brookfield Asset Management, is getting ready to close… Read more
Turnaround for 162K-SF Highpoint
A year ago, nearly two-thirds of the office space was vacant at Highpoint Corporate Center in Fairfield, NJ. Now, following… Read more
Small-Balance Loan Assists With MF Acquisition
TBG Development will use two relatively tiny loans totaling $3 million to buy two small multifamily buildings in Orange, NJ.… Read more
325K-SF Industrial Building Trades in New Jersey
A Boston-based real estate advisor bought a 324,540-square-foot industrial building in Monroe, NJ. The deal closed at an undisclosed price, following multiple… Read more
1,009 Affordable Apartments Stay Affordable
Seven New Jersey communities of affordable rental apartments will stay affordable to low income families and seniors, thanks to a… Read more
As Preschoolers Grow, So Does Education
The childcare franchising industry brings in an average of $2.6 billion in annual revenue. Georgia-based Primrose Schools, an organization of… Read more
83K-SF Fills Fast in Ridgefield
KW International leased 83,000 square feet of industrial space at 2 Bell Dr. in Ridgefield, NJ. The spec space, recently… Read more
NJ Apartments Almost Finished
The first Cornerstone at Lacey apartment building will be completed by mid-March, 2017. The affordable housing project is in Forked… Read more
Advance Doubles Down with 128-Unit Buy
Advance Realty bought another apartment building in Hoboken, NJ, with the purchase of The Metropolitan at 1300 Clinton St. Built… Read more
200K-SF Office Sells in Somerset
American Equity Partners bought One Grande Commons, a 200,000-square-foot office building at 440 Rt. 22 East in Bridgewater, NJ. Seller… Read more
64K SF of Leases in Morris County
Fancy amenities helped fill 63,969 square feet of office space with new tenants at Park Avenue at Morris County. “Park… Read more
Now Available: 2M SF of NJ Industrial
Developers opened 10 new industrial buildings in New Jersey, totaling 1.7 million square feet, during the Q4 2016, according to… Read more
CyrusOne Strikes $490M Data Centers Deal
CyrusOne executed a definitive agreement with Sentinel Data Centers to acquire two enterprise-class data centers in Raleigh-Durham, NC and Somerset,… Read more
Northern NJ Effective Rents Forecast to Rise 5%-Plus
Most of the 7,000 new apartments that open in Northern New Jersey in 2017 will be in Jersey City. “Leasing… Read more
Developers Target Fort Monmouth
In early January, RPM Development bought 117 historic homes at Fort Monmouth, with plans to renovate them for rent and… Read more
126K-SF Building Portfolio Sells
Amerco Real Estate Co., a U-Haul affiliate, acquired three multi-tenant flex buildings totaling 126,251 square feet at 510 Heron Dr.… Read more
$48M Buys 610K SF in Roseland
Vision Real Estate Partners paid $48 million for three office buildings totaling 610,000 square feet along the Eisenhower Parkway in… Read more
Recapping CBRE’s Western Industrial & Office Conference
If you missed CBRE’s Western U.S. Industrial and Office Conference last week in DTLA, here’s a quick recap of what… Read more