New Jersey
East Coast Warehouse Inks 500K-SF Industrial Lease in Savannah
Temperature-controlled logistics services provider East Coast Warehouse has signed a 499,200-square-foot industrial lease in Savannah at 521 Morgan Lakes Blvd.… Read more
Woodmont Names Former Roseland President as EVP
Woodmont Properties has named Andrew Marshall EVP. In his new role at Woodmont, Marshall will support Woodmont’s continued growth across various real estate platforms… Read more
JLL Tapped to Lease Union, NJ Office Complex
Liberty Hall Joint Venture has engaged JLL as the leasing agents for Liberty Hall Corporate Center I, a 216,000-square-foot, five-story, Class-A… Read more
Marcus & Millichap Arranges Sale of 672-Unit South Carolina MF Portfolio
Marcus & Millichap has arranged the sale of a four-property, 672-unit multifamily portfolio in Columbia, S.C. The sales price was… Read more
Bellwether Closes Loans on Affordable Complexes in Chicago and Elsewhere
Bellwether Enterprise Real Estate Capital LLC recently closed four loan deals totaling $72,069,154 for affordable senior housing in Chicago, Franklin Park, and… Read more
Bally’s Acquisitions Expand its Footprint into Three States
Citizens M&A Advisory served as financial adviser to Bally’s Corporation on its acquisitions of MontBleu Resort Casino & Spa in… Read more
JLL Arranges Construction Debt for Elmwood Park Luxury Multifamily
JLL Capital Markets arranged a $48-million construction loan for the development of Phase III of Riverwalk, a master-planned luxury residential… Read more
Mack-Cali Introduces Latest Phase of Harborside Complex in Jersey City
Mack-Cali Realty Corporation on Monday unveiled the latest phase of the transformation of its Harborside campus in Jersey City. The REIT… Read more
Newark Symphony Hall Unveils Design for Renovation
Newark Symphony Hall (NSH), New Jersey’s largest Black-led arts and entertainment venue, recently unveiled designs for its exterior renovation, part of a… Read more
Agile Workspace is Now “a Requirement for Major Landlords and Corporations Alike”
While demand for agility in office space selection increased in 2020, the average flexible workspace requirement size decreased by 29%,… Read more
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