New Jersey
AECOM Proposes 246-Acre Development for Red Hook, NY
Engineering and construction company AECOM has proposed a 246-acre waterfront residential development in Brooklyn’s Red Hook area. AECOM envisioned the… Read more
Topgolf Planning Second NJ Location
Topgolf unveiled its second New Jersey location, announcing it would soon begin construction on a 65,000-square-foot venue at Marne Highway… Read more
Wells Fargo Manufactures $115M Loan for Manufactured Homes
The Carlyle Group, based in Washington, DC, obtained a $115 million loan from Wells Fargo to refinance 32 manufactured home… Read more
Novo Nordisk NJ HQ Trades For $305M
Ivy Equities LCOR Inc. and Intercontinental Real Estate Corp. sold the Novo Nordisk 762,000-square-foot North American headquarters in Plainsboro, NJ… Read more
70K-SF Industrial Going North in NJ
Sudler Cos. has broken ground on a 70,000-square-foot speculative industrial building in Lakewood Township, NJ’s Lakewood Industrial Park. The Chatham,… Read more
84% of U.S. Jobs Can’t Keep Up with the Cost of Living
According to a new analysis by Indeed.com’s research group, Hiring Lab, only 16% of jobs paid enough to keep up… Read more
American Realty Acquires Hudson Waterfront Asset for $101M
American Realty Advisors acquired 30 Montgomery Street, a 315,385-square-foot building situated on the New Jersey Hudson Waterfront in Jersey City,… Read more
O’Neill Logistics Inks 221K-SF Relocation Deal in NJ
O’Neill Logistics has expanded, inking a 221,000-square-foot lease at 130 Interstate Blvd. in South Brunswick, NJ. The deal means the… Read more
Panama Canal $5.4B Expansion: Ready for Business
The nine-year, $5.4-billion Panama Canal expansion project is complete. The expansion is anticipated to increase Eastern U.S. port business by 10%… Read more
NJ-Based Monmouth Pays $28M for CO FedEx Center
Monmouth Real Estate Investment Corp., based in Freehold, NJ, spent $28.8 million to acquire a new, 225-362-square-foot FedEx distribution center… Read more
Clinton Claims California, Earns Nomination
It’s been known that Donald Trump clinched the Republican nomination, and now Hillary Clinton earned the Democratic party nomination with… Read more
MGM to Pay $900M for 50% Interest in Borgata Hotel
MGM Resorts International has inked an agreement with Boyd Gaming Corp. to acquire the latter’s 50% interest in Borgata Hotel… Read more
Hunt Provides $19M Loan for Poughkeepsie Property
Hunt Mortgage Group has arranged a $19.2-million Fannie Mae acquisition loan for purchase of the 288-unit Mountain Brook Apartments in… Read more
Meridian Capital Arranges $218M in Financing for NJ Buy
Meridian Capital has arranged $218.2 million in financing for acquisition of the 275-unit Wayne Village in Wayne, NJ, and the… Read more
Bayer Snags Additional 86 Acres in NJ
Bayer Healthcare has acquired 86 undeveloped acres at 67 Whippany Road in Hanover, NJ. The land is adjacent to the… Read more
Glenwood Village in NJ Sells for $20M
Cedar Realty Trust, headquartered in Port Washington, NY, is now the owner of Glenwood Village, a newly constructed, 64,000-square-foot mixed-use… Read more
New Jersey’s Limited Industrial Means Higher Rents
Limited industrial supply, combined with huge demand, has led to skyrocketing rents, according to Transwestern’s 1Q 2016 market report. Overall,… Read more
Dallas-Based Ashford Trust to Sell 1,393-Key Portfolio
Ashford Hospitality Trust has entered into an agreement to sell a five-hotel, 1,393-room portfolio of select-service hotels to Noble Investment… Read more