New Jersey
Faropoint Trades 109-Property Logistics Portfolio for $481M
Investment firm Faropoint, focused on last-mile industrial properties in high population growth markets, has sold 109 institutional-quality, last-mile logistics buildings… Read more
EverWest Adds to NJ Portfolio with Meadowlands Sale-Leaseback
EverWest Real Estate Investors has added to its New Jersey industrial portfolio with a $37.1-million warehouse acquisition in Rutherford. Negotiated as a… Read more
Peak Construction Establishes New Rosemont Headquarters
Peak Construction Corporation recently moved its national headquarters to Rosemont, IL, adjacent to O’Hare Airport and with strategically located access… Read more
NAI Hanson Closes Deal for Northern NJ Industrial
NAI James E. Hanson negotiated the sale of a 152,000-square-foot industrial building at 55 E. 6th St. in Paterson, NJ.… Read more
Marcus & Millichap Promotes Ryan Nee to SVP and Southeast Division Manager
Marcus & Millichap has promoted Ryan Nee to SVP and division manager of the Southeast. Nee has been with the… Read more
Somerset Development Rebrands as Inspired
Somerset Development, based in Holmdel, NJ and known for large-scale mixed-use redevelopment, said Wednesday it had rebranded to Inspired by… Read more
Seagis Acquires Metuchen Industrial, Plans Upgrades
Seagis Property Group closed on a 6.92-acre industrial real estate property featuring a 158,641-square-foot building with ample space for car… Read more
Moinian Group Inks Office Lease with Valley National Bank
The Moinian Group has completed a long-term, 15,317-square-foot relocation and expansion with Valley National Bank at 245 Fifth Ave. in… Read more
JLL Tapped for Property Management at Morristown’s Headquarters Plaza
JLL has been selected to provide property management services to Headquarters Plaza, a 760,000-square-foot office property in Morristown, NJ. A… Read more
New-Construction NJ Retail Trades for $24M
Marcus & Millichap closed the sale of Butler Plaza, a 29,833-square-foot retail center in Butler, NJ. The asset sold for… Read more
Crow Holdings Breaks Ground on 1.2M-SF Spec Industrial in Carteret
Crow Holdings Development broke ground on Carteret Crow Holdings, a 126-acre property in Carteret, NJ, that will include three buildings… Read more
East Orange Multifamily Portfolio Fetches $16M
Hudson Atlantic Realty arranged the sale of four multifamily buildings with a combined 96 apartment units in transit-oriented East Orange,… Read more
Columbia Property Trust Completes Rehab of 95 Columbus in Jersey City
Columbia Property Trust (CPT) has completed the redevelopment of 95 Columbus, its 680,000-square-foot office building in Jersey City’s Grove Street… Read more
Siemens Inks Lease for 66K SF with SJP in Iselin
SJP Properties has inked a deal with industrial technology company Siemens for 65,500 square feet of office space at 200… Read more
GPARENCY Launches Free Commercial Property Database
GPARENCY, a commission-free commercial mortgage brokerage based in Howell, NJ, is now providing a commercial property database at no cost… Read more
Pair of New Jersey Execs Buy Chicago-Area Hospitals for $92M
New Jersey business executive Reddy Rathnakar Patlola appeared before the Illinois Health Facilities and Services Review Board and obtained regulatory… Read more
Logistics Powerhouses Prologis and Duke Realty to Merge in $26B Deal
San Francisco-based Prologis, Inc. and Indianapolis-based Duke Realty Corporation have entered into a definitive merger agreement by which Prologis will… Read more
PTC Therapeutics Moving HQ, Signs 360K-SF Mega-Lease in NJ’s Warren Corporate Center
Rubenstein Partners, L.P and joint venture partner Vision Real Estate Partners have signed global biopharmaceutical PTC Therapeutics to a new… Read more
Redfin: Median Asking Apartment Rent Tops $2,000 For First Time Ever
The median monthly asking rent in the U.S. surpassed $2,000 for the first time in May, rising 15% year over… Read more