New Jersey
Fully Leased Paramus Retail Sells to DRA Partnership for $37M
Cushman & Wakefield arranged the sale of Paramus Plaza, a 153,494-square-foot retail center located at 545 NJ-17 South in Paramus, NJ. The… Read more
Creation Jettisons Chandler Warehouses for $57M
Midway Commerce Center located in Chandler traded hands this week as Creation sold the three-building, 301,994-square-foot master-planned industrial center to Boston-headquartered Longpoint… Read more
PCCP Furnishes $61M Construction Loan for Trenton-Area Spec Industrial
PCCP, LLC has provided a $60.8-million senior construction loan to Lincoln Equities Group for the speculative development of a 420,024-square-foot,… Read more
Quinlan Development Completes Budd Lake Self-Storage
Design firm Ware Malcomb said construction is complete on a new four-building, self-storage development at 89 US 46 in Budd Lake, NJ,… Read more
Royal Farms to Expand with Gas Station, Convenience Store in Greenbelt
Royal Farms, a privately owned chain of convenience stores headquartered in Baltimore, plans to open a new location in the… Read more
Urban Square Obtains Construction Debt for Jersey City Multifamily
JLL Capital Markets secured $13.1 million in construction financing for the development of Vroom Street Apartments, a 42-unit mid-rise luxury apartment building to be… Read more
Lightstone Provides Bridge Loan for Jersey City Residential
Lightstone Capital, Lightstone’s real estate debt platform, has provided a $34-million bridge loan to a Manhattan Building Company (MBC) affiliate. The loan… Read more
Residential Rents Post 11th Consecutive Monthly Decline
Rents for residential units fell again in June, with especially large declines in the South, where there’s been an influx… Read more
D.C. Council Weighs Tax Break to Boost Stalled Project Near Navy Yard
The D.C. Council is set to weigh a tax break that could help kickstart a delayed mixed-use project near the… Read more
Adjacent Jersey City Multifamily Properties Trade for $221.5M
A CBRE team of Jeffrey Dunne, Stuart MacKenzie, Eric Apfel, Travis Langer, and Daniel Blumenkrantz closed the sale of Lenox… Read more
Stop & Shop Slates 32 Underperforming Stores for Closure
Quincy, MA-based Stop & Shop, a unit of Ahold Delhaize USA, said Friday it would close 32 unperforming locations across… Read more
Cushman & Wakefield Arranges Sale of TPC Jasna Polana Golf Club
Cushman & Wakefield has arranged the sale of TPC Jasna Polana Golf Club, located at 4519 Province Line Road in… Read more
Rockefeller Group Sells Piscataway Logistics Center to Bridge Industrial
Rockefeller Group has sold the 147,000-square-foot Constitution Logistics Center in Piscataway, NJ, to Bridge Industrial. The center, located at 10… Read more
CBRE Arranges $31M NJ Industrial Property Sale
Dora’s Naturals, a distributor of natural and organic perishable products, acquired a 105,000 square feet industrial property at 210 West… Read more
HIV Nonprofit Inks 29K-SF Life Science Space in Jersey City
IAVI, a nonprofit focusing on vaccines and antibodies for HIV, tuberculosis, and emerging infectious diseases, signed a 29,782-square-foot lease at… Read more
NAI James E. Hanson Arranges Two-Acre NJ Property Sale
NAI James E. Hanson, a New Jersey-based independent commercial real estate firm, has brokered the sale of a two-acre property… Read more
Cushman & Wakefield Arranges Two NJ Leases Totalling 11K SF
Cushman & Wakefield has arranged two new long-term leases at 180 Park Avenue in Florham Park, NJ. Carisk Partners Inc.,… Read more