New Jersey
Topgolf Plans 2021 Opening for First NY State Location
Topgolf Entertainment Group will open its first venue in New York State with a location on Long Island early next… Read more
JLL Lines Up Financing for Normandy O-Zone Fund
JLL Capital Markets arranged $20.5 million in financing for the acquisition of The Ashton in Jersey City. The newly-completed, 93-unit,… Read more
Jitters Over Mall Exposure Spur Withdrawals from Funds
Whatever the long-term wisdom and profitability of Simon Property Group’s $3.6-billion agreement to acquire rival Taubman Centers, in the near… Read more
12 Trends That Are Shaping Commercial Real Estate in 2020
By Paul Bubny Twelve different commercial real estate trends and 12 different voices to express each of them. NKF’s white… Read more
365 Adds LI Facility to Data Center Portfolio
365 Data Centers acquired a facility at 500 Commack Rd. in the Suffolk County community of Commack, NY from mindSHIFT Technologies (a Ricoh company).… Read more
SJP Plans Repositioning at Newly Acquired NJ Offices
SJP Properties acquired 200 Wood Ave., S., a 270,000-square-foot, Class A office building in Woodbridge, NJ, for a reported $25 million.… Read more
3PL Provider Re-Ups at Rutgers Industrial Center
Family-owned and operated 3PL provider Hall’s Warehouse Corp. renewed its 135,000-square-foot lease at 120 Circle Dr. N., part of Rutgers Industrial Center in… Read more
Container Traffic Slides on Factory Shutdowns Over Coronavirus
With coronavirus causing longer Lunar New Year shutdowns of factories in China, imports at major U.S. retail container ports are… Read more
Simon Acquiring Taubman Centers in $3.6B Deal
Simon Property Group, the nation’s largest mall operator, has agreed to acquire Taubman Centers Inc. in an all-cash deal valued… Read more
Logistics Firm Takes 571K SF in Northern NJ Lease
Cushman & Wakefield arranged a 570,777-square-foot lease at the former Toys ‘R’ Us complex at 703 Bartley-Chester Rd. in Mount Olive,… Read more
CBRE’s Brown Will Head Project Management for NJ
CBRE promoted Eric Brown to director of the New Jersey project management team. Prior to his promotion, Brown served as… Read more
JLL Team Arranges Acquisition Loan for Northern NJ Offices
JLL Capital Markets arranged $31.12 million in financing for 5 Wood Hollow Rd., a 330,631-square-foot office building in Parsippany, NJ. A team… Read more
Should I Worry About PFAS?
By Tiffany-Linn Vincent PFAS is currently a hot topic in the environmental community, and with the help of a few… Read more
Prologis’ $13B Acquisition of Liberty Property Trust Completed
San Francisco-based Prologis, Inc. (NYSE: PLD), completed its all-stock acquisition of Liberty Property Trust (NYSE: LPT) for $13 billion. The transaction expands Prologis’… Read more
Edison Industrial Portfolio Lands Permanent Financing
JLL Capital Markets arranged permanent financing on behalf of Summit Associates for a fully leased, 11-building industrial portfolio totaling 947,058… Read more
Axis Global Leases Full Building in East Rutherford
NAI James E. Hanson negotiated a full-building lease for 53,361 square feet of industrial space at 343 Murray Hill Pkwy.… Read more
KBS Trades NJ Office Complex for $311M
KBS Real Estate Investment Trust II sold Park Avenue at Morris County, a trophy office park in Florham Park, NJ.… Read more
Berkadia Arranges Recap on Princeton-Area Rentals
Verde Capital Corp. and its joint-venture partners Kushner Real Estate Group (KRE Group) and Oxford Realty Group recapitalized Deer Creek, a 288-unit rental… Read more
Mountain Development Trades Paterson Offices
CBRE arranged the sale of 100 Hamilton Plaza in Paterson, NJ for $15,250,000. Jeffrey Dunne, Jeremy Neuer, Steve Bardsley, David… Read more