New Jersey
EverWest, Woodmont Partner to Redevelop Somerset Offices as Industrial
EverWest Real Estate Investors, in joint venture with Woodmont Properties, has purchased a 351,782-square-foot office building and adjacent land site in Somerset,… Read more
Port of NY/NJ Sees Substantial Surges in Cargo Volume
As the national and local economies continued to recover amid the backdrop of the ongoing pandemic, the Port of New… Read more
Record-Setting River North Condo Deconversion Deal Nears the Finish Line
A developer’s record-setting deal to take over a 51-story condominium tower in River North has cleared a major hurdle, securing… Read more
Walker & Dunlop Grows Affordable Finance Team with NJ-Based Managing Director
Walker & Dunlop, Inc. has grown its affordable housing finance team with the addition of P.J. McDevitt as managing director, based in New… Read more
CBC Enhances Long-Term Performance with Five New Affiliates
As 2021 got underway, there was a concerted effort among businesses to find new ways of energizing their brands. Commercial… Read more
U.S. Arm of L’Occitane Exits Chapter 11 with “Right-Sized” Store Footprint
L’Occitane, Inc. exited Chapter 11 protection August 31 following the approval of its reorganization plan by the U.S Bankruptcy Court for the district of New… Read more
Signature Launches Capital Improvements at Parsippany Offices
Signature Acquisitions has launched a major capital improvement program at 100 Kimball, its 175,000-square-foot Class-A office building at 100 Kimball Drive… Read more
CMBS Delinquencies, Special Servicing Rate Improve in August
Fitch Ratings’ U.S. CMBS delinquency rate fell 26 basis points to 3.33% in August from 3.59% in July, the largest monthly decline since the… Read more
Keystone Secures 290K SF of Leases at Piscataway Campus
Keystone Property Group has signed three leases totaling 290,000 square feet with Infinity BiologiX (IBX), LIXIL and Paychex at its four-building office complex, Middlesex… Read more
CushWake Arranges JV Equity on 11-Building East Orange Portfolio
Cushman & Wakefield advised Spaxel and Atalaya Capital Management in arranging joint venture equity for the New Jersey Workforce Housing Portfolio, a… Read more
Infrastructure Bill Could Ratchet Up Data Center Demand Even Higher
“The world has become increasingly digital, a trend that has only accelerated during the pandemic, and consequently data centers are… Read more
Luxury Rental Tower Opens in Jersey City’s Master-Planned University Place
RIVET 26, a newly opened luxury residential community, has begun welcoming its first residents marking another milestone for the University Place master planned community in Jersey City’s west end.… Read more
Harbor Group, Cammeby’s JV on $1B Portfolio of NJ Multifamily
Harbor Group International, LLC (HGI) completed a $1.05-billion joint venture with Cammeby’s International Group to acquire a portfolio of multifamily assets throughout New Jersey. The portfolio… Read more
Luxury Multifamily Trades Near MetroPark Station in Iselin
Cushman & Wakefield recently arranged the sale of 444 Lincoln Hwy., a 48-unit luxury multifamily asset in Iselin, NJ. The final sale price was… Read more
Equity Commonwealth Scraps Monmouth Merger as Shareholder Approval Falls Short
Equity Commonwealth (EQC) and Monmouth Real Estate Investment Corporation said Tuesday that the planned merger between the two companies was off. Although EQC shareholders… Read more
Trident Construction Named Reseller of Crane Stabilization Hardware
Vita Inclinata, a Broomfield, CO-based developer and producer of helicopter and crane load stabilization and precision hardware, said Bronx-based Trident Construction will… Read more
Sitex Makes Paramus Acquisition, Arranges Perth Amboy Lease
Sitex Group, a private equity real estate firm focused on industrial assets in the New York metro area, has acquired 160 Route 17… Read more
Watson Land Co. Acquires Two Philly-Area Spec Warehouses
CRG, the real estate development and investment arm of Chicago-based Clayco, has sold two speculative industrial facilities in East Greenwich, NJ, for $107.74… Read more
Shamah Properties Adds Luxury Complex in Princeton
Shamah Properties acquired Copperwood Apartments in Princeton NJ, for $70.35 million. The seller wasn’t identified. The 153-unit luxury complex at 300 Bunn Dr. is located near downtown Princeton and Route 1. It was built in 2015. “Shamah Properties… Read more