New Jersey
Northeast Industrial Corridor Enters 2021 Like Gangbusters
The Northeast industrial corridor, comprised of New York City, North and Central New Jersey, Eastern Pennsylvania and Greater Boston, started… Read more
Sam Zell’s Equity Commonwealth Agrees to Acquire Monmouth Industrial REIT
Equity Commonwealth and Monmouth Real Estate Investment Corporation have reached a merger agreement by which Equity Commonwealth will acquire Monmouth… Read more
Apparel Importer Commits to 207K SF with Duke Realty
Duke Realty secured a long-term lease agreement with Vandale Industries Inc. for 207,021 square feet at 773 Cranbury South River… Read more
NY, NJ and CT to Lift Business Capacity Restrictions Beginning May 19
The governors of New York, New Jersey and Connecticut said Monday their states would lift most business capacity restrictions beginning… Read more
MRC Provides $395M Debt on NJ Multifamily Portfolio
Madison Realty Capital (MRC) provided a $395-million loan to Accurate Builders & Developers for a portfolio of assets that includes three nearly-complete… Read more
JLL Closes $114M Sale for Kushner Companies
JLL Capital Markets closed the $114.45-million sale of the 360-unit Prospect Place Apartments in Hackensack, NJ. The team of Jose Cruz, Steve Simonelli,… Read more
Lightbridge Academy Expands to Second Hoboken Location
Lightbridge Academy, an early-childhood education daycare and development center, signed a 13,000-square-foot sublease at 1414-1418 Willow Ave. in Hoboken, NJ.… Read more
P3 Sells Bloomfield Office Park in Off-Market Transaction
Cresa’s Dennis Gralla, James J. Scancarella and Jonathan Marks, have arranged the sale of Broadacres Office Park in Bloomfield, NJ, bringing the buyer,… Read more
Port Authority Okays Scaled-Down Expansion Plan for Delta Terminal at JFK Airport
The Port Authority of New York and New Jersey approved agreement on key terms with Delta Air Lines and JFK… Read more
Sitex Acquires Two Industrial Properties Near NJ Turnpike
Sitex Group recently acquired two industrial facilities in New Jersey. They include a vacant, low coverage site at 440 Florida Grove Rd. in… Read more
Warehouse Users Seek More Space as Hedge Against Supply Chain Volatility
A single ship caused what was literally a world of trouble. That ship was the 220,000-ton Ever Given container ship,… Read more
U.S. Governors Call for Priority on Zero Emission Vehicles
Gov. Gavin Newsom joined a bipartisan group of 12 U.S. governors calling for the Biden Administration to create a path… Read more
FNRP Acquires Shoppes at Cross Keys in St. Louis Metro
First National Realty Partners (FNRP) recently acquired The Shoppes at Cross Keys, a 339,464-square-foot, grocery-anchored shopping center in Florissant, MO, a St.… Read more
Bell Works Chicagoland Cuts Ribbon on Co-working Facility
Officials from the Village of Hoffman Estates joined Somerset Development recently to celebrate the grand opening of coLab at Bell… Read more
Birch Group Acquires Short Hills Portfolio from Mack-Cali for $255M
Mack-Cali Realty Corporation closed the $255-million sale of its New Jersey Short Hills office portfolio, a four- building office portfolio encompassing 843,300 square feet, to The Birch Group. The transaction releases… Read more
Crow Holdings Industrial Plans 1.2M-SF Spec Project Near NJ Turnpike
Crow Holdings Industrial has acquired a prime 126-acre property in Carteret, NJ from Rahway Arch Properties, with plans to break… Read more
Berkadia Secures $43M Refinancing for Chestnut Hill MF Property
Berkadia has secured a $42.9 million loan to refinance Hancock Estates, a garden-style multifamily property in Chestnut Hill, MASS. Located… Read more
Dodge Data to Combine with Blue Book Building & Construction
Two of the construction industry’s oldest and most venerated data sources have agreed to merge. Dodge Data & Analytics, headquartered… Read more
Mixed-Use Redevelopment of Historic Paterson Stadium Launches
One day before the 74th anniversary of Jackie Robinson breaking baseball’s color barrier, politicians and real estate executives joined at… Read more