New Jersey
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
$130M for Sprawling Community
Novel Property Ventures paid $130 million to Segal & Segal to buy Nob Hill, a giant community in Roseland, NJ,… Read more
Office Rocking It in New Jersey
Newly-repositioned office properties, state tax incentives and a large pool of talented potential employees continue to lure companies to rent… Read more
Growing Law Firm Stays in Newark
Up-and-coming law firm Calcagni & Kanefsky renewed and expanded its lease on office space at One Newark Center. The firm,… Read more
Highest Leasing for New Jersey Industrial Since 2001
Industrial tenants in Northern and Central New Jersey absorbed a net 10.1 million square feet of space. That’s the highest… Read more
Giant $32B Capital Plan for Port Authority
The Port Authority of New York and New Jersey is planning its biggest 10-year capital plan ever, spending $32.2 billion… Read more
$29M Loan for New Jersey Apartments
Madison Hill Properties has taken out $28.8M in financing to buy the New Providence Gardens Apartments in New Providence, NJ.… Read more
CA Claims 3 Spots on CBRE’s Global Prime Logistics Yields List
Two SoCal industrial markets and one Bay Area market are included on CBRE Group, Inc.’s latest global ranking of investment… Read more
Hines Sells 408K SF on Long Island
A four-story office building built in 1971 has sold for nearly $36 million in Melville, a small town in Long… Read more
CoreLogic: Foreclosures Still Declining
CoreLogic’s most recent foreclosure statistics (November 2016) showed 26,000 completed housing foreclosures nationally. The number represents a 26% decline from… Read more
TRYP Hotel to Open in Newark
A new TRYP Hotel by Wyndham is on track to open in downtown Newark this summer. The new hotel will… Read more