New Jersey
Retailer Party City Files for Chapter 11
Retailer Party City Holdco Inc. (PCHI), headquartered in Woodcliff Lake, NJ, has filed Chapter 11 petitions for relief in the… Read more
The NIMBY Misunderstanding About Vacant Homes and Housing Supply
There’s a misconception among many NIMBYs when it comes to vacant housing—namely, that the existence of millions of vacant units… Read more
Joint Venture Secures $147M Construction Loan on Parsippany Apartments
Cushman & Wakefield advised the joint venture of Claremont Development, Stanbery Development Group and PCCP in procuring $146,550,000 in construction… Read more
Woodmont, EverWest Partner on South Brunswick Industrial Expansion
Woodmont Industrial Partners and EverWest Real Estate Investors have partnered to launch construction at 461 Ridge Rd., an existing 145,000-square-foot industrial… Read more
NAI Hanson Arranges 10K-SF Medical Office Lease in Avenel
NAI James E. Hanson has negotiated a lease for 10,043 square feet of medical office space at 1030 St. Georges… Read more
Luxury Fitness Club Expands with Second Location in Edgewater
Iron Culture, a full-service, luxury, high intensity gym has opened a second location at 7700 River Rd. in Edgewater, NJ.… Read more
Inland Private Capital, Devon Self Storage Deliver Hazlet Facility
Inland Private Capital Corporation (IPC), a real estate investment manager, and Devon Self Storage Holdings (US) LLC have delivered a… Read more
SRS NNLG Finishes 2022 Closing $87M in Chick-fil-A Properties
Newport Beach, CA-based SRS Real Estate Partners’ National Net Lease Group (NNLG) has announced that the firm sold a total… Read more
NAI Hanson Brokers Deal for Hackensack Development Site
NAI James E. Hanson closed the sales of 359 and 375 Main St. in Hackensack, NJ for an undisclosed sum.… Read more
Avis Budget Group Relocates Headquarters to New Parsippany Location
Avis Budget Group, one of the country’s largest car rental agency holding companies, is relocating its headquarters to a new… Read more
Apartments in Coastal Fairfield County Find New Ownership After Upgrades
CBRE’s Jeff Dunne, Eric Apfel and Stuart MacKenzie arranged the $48.65-million sale of Reserve41, a 164-unit multifamily community in Norwalk,… Read more
Hines Snaps Up Former Ballantine Brewery Complex in Newark
Turnbridge Equities and Long Wharf Capital have sold the 738,000-square-foot Newark Distribution Center, formerly known as the Ballantine Brewery Complex,… Read more
Netflix to Develop Studio Complex at Former Fort Monmouth Site
Netflix will develop an East Coast production facility on the former Fort Monmouth campus in New Jersey’s Monmouth County, transforming… Read more
Industrial Vacancies Drop, Rents Increase Despite Record New Supply
Industrial real estate rents increased and vacancies continued declining through November of 2022 despite a record amount of new supply… Read more
UMH Properties, Nuveen Real Estate Secure $15M Manufactured Housing Community in Sebring
A joint venture between Freehold, NJ-based UMH Properties, Inc. and Nuveen Real Estate has acquired Rum Runner, a newly developed… Read more
Parsippany Offices Once Owned by State Farm Snare $88M
JLL Capital Markets has completed the $88-million sale of 300 Kimball, an approximately 430,000-square-foot, trophy office property in Parsippany, NJ.… Read more
Sanzari Lands Refi on Two Single-Tenant Elmwood Park Industrial Assets
JLL Capital Markets arranged $12.2 million in refinancing for 481 and 491 Edward H. Ross Dr., two single-tenant industrial properties totaling… Read more
New York Foundation for the Arts Relocates Offices to Midtown Manhattan
The New York Foundation for the Arts signed a 10-year deal to relocate from 20 Jay St. in Brooklyn’s Dumbo… Read more
Northmarq Arranges Refi for Little Ferry Apartments
Robert Ranieri, SVP/managing director of Northmarq’s White Plains, NY regional office, arranged the $11-million refinance of the Gilbert Manor Apartments,… Read more