New Jersey
Faropoint Pays $17.7M for Meadowlands Last Mile Industrial Property
Industrial property specialist Faropoint has acquired a 62,000-sf last mile property in Moonachie, NJ for $17.7 million, Faropoint announced, further… Read more
February Construction Starts Continue Robust, Year-to-Date Up 14%
Total construction starts rose 9% in February to a seasonally adjusted annual rate of $1.013 trillion, according to Dodge Construction… Read more
Meridian Capital Arranges $183M NJ Office Center Financing
Meridian Capital Group arranged $153.8 million in senior financing and $30 million in preferred equity, totaling $183.8 million, for the… Read more
Crow Holdings Industrial Properties Trust Closes with More Than $1.5 Billion of Investable Capital
Dallas-based Crow Holdings, a leading national real estate investment and development firm, announced today the closing of Crow Holdings Industrial… Read more
Sol-REIT Closes on Loan for New Jersey Project, Raising $300M
Sol-REIT, LLC has closed a term loan refinancing of the Inspira solar project in southern New Jersey. With the closing… Read more
LeFrak, CBRE Complete Two Jersey City Leases
LeFrak and CBRE have completed two new office leases totaling 42,841 sq. ft. at Newport Office Center III, a Class… Read more
Sitex Group Purchases 210,000-sq North Bergen Warehouse
As part of its continuing effort to build its Northeast portfolio, private equity real estate concern Sitex Group has acquired… Read more
CBRE Sells New Jersey Workforce Housing for $30M
CBRE announced today the $30 million sale of a 191-unit, two-building workforce housing portfolio located in Newark, New Jersey. The… Read more
Boutique Office Property on Jersey Waterfront Sells for $48M
JLL Capital Markets says it has closed on the $48 million sale of 15 Exchange Place, a boutique office building… Read more
Industry Veteran Ellen Rudin Joins Savills Board
Savills today announced the appointment of Ellen Rudin as senior vice president, Tri-State Brokerage. Rudin, having held several leadership positions… Read more
Longpoint, Brookfield Recap $700M Logistics Portfolio with New JV
Boston, MA-based Longpoint Partners has closed on a joint venture with Brookfield through its real estate secondaries business. The JV… Read more
Prologis in Major New Jersey Development
Logistics REIT Prologis has acquired an office property in Mt. Laurel, NJ from Veritas Real Estate it plans on developing… Read more
Joint Venture in $54M New Jersey Industrial Buys
Following their joint venture announcement in late 2021, real estate investor Oxford Properties Group and real estate investment management firm EverWest Real… Read more
BDP Acquires Connecticut Office Properties
New Jersey-based real estate investment firm BDP Holdings announced today the acquisition of 27 and 35 Waterview Drive, a Class… Read more
Supply Squeeze Continues for Calif. Industrial Rental Markets
The rental market – specifically the industrial corner of that market – is showing little, if any, downward momentum. Two… Read more
Booming Cold Storage Sector Sees Another Big Lease, Build-to-Suit Facility in Northern New Jersey
A build-to-suit, 138,642-sf, Class A, frozen storage facility in Elizabeth, NJ has been fully leased to Seafrigo Cold Storage, says JLL Capital… Read more
Memorabilia Concern Collectors Holdings Signs Largest Lease Deal in Jersey City Area Since 2020
Collectors Holdings, backed by billionaire Stephen Cohen and partners, has signed a major lease in New Jersey with plans to… Read more
Prescription Pun-Free Zone: CVS-Occupied Properties Sell for $90M
SRS’ National Net Lease Group, based in Newport Beach, Orange County, has completed a sale of 13 CVS-occupied properties across… Read more
Colliers Arranges Saddle Brook Lease for ReadySpaces
Colliers secured a 165,000-square foot lease for ReadySpaces, a leader in the shared warehousing industry, at 575 N. Midland Ave.… Read more