New Jersey
Highbridge O-Zone Parcel Listed for Sale
Cushman & Wakefield is marketing for sale 1000 Woodycrest Ave., a 17,200-square-foot development site in the up-and-coming Highbridge neighborhood of… Read more
Dermody Acquires Share of Redevelopment at Delaware GM Site
Dermody Properties will partner with Harvey Hanna & Associates on the latter’s redevelopment of the former General Motors (GM) plant… Read more
Rock Group Trades Piscataway Facility to IT Tenant
SHI International, among North America’s 10 largest IT solutions providers, purchased a 396,750-square-foot building at Rockefeller Group Logistics Center in Piscataway, NJ… Read more
MRC Provides $168M Construction Debt on Jersey City Apartments
Madison Realty Capital (MRC) provided a $168-million loan collateralized by the Emerson Lofts, a planned 1,000-unit mixed-use residential development in… Read more
JLL Closes Sale of NJ Suburban Infill Apartments
JLL closed the $39.5-million sale of Morris Crossing Apartments, a 123-unit, garden-style apartment community in Morristown, NJ. The firm marketed… Read more
Snack Maker Signs Bergen County’s Biggest 2019 Office Lease
Promotion in Motion, Inc. (PIM), a manufacturer of fruit snacks, fruit rolls, confections and other snack food products, has signed… Read more
Far Rockaway Resi Tower Scores $121M Financing
Berkadia secured $120.78 million in financing secured for 711 Seagirt, a 917-unit high rise multifamily property at 711 Seagirt Ave.… Read more
JLL Arranges $118M Financing on Essex County Apartments
JLL arranged $117.86 million in financing for Everly Roseland, a 360-unit apartment community located in the Essex County community of Roseland, NJ.… Read more
Connect Chicago Experts Map Out What’s Next for CRE
By Paul Bubny More than 400 industry professionals convened at the Intercontinental Chicago Magnificent Mile on Tuesday for Connect Conferences’… Read more
Elizabeth IKEA Superstore Gets Big-Box Neighbors
IKEA-anchored Elizabeth Center is welcoming two new big-box retail neighbors. A 150,000-square-foot Raymour & Flanigan retail showroom and customer service… Read more
NAI Mertz Closes South Jersey Industrial Sale
NAI Mertz SVP Jonathan Klear completed the sale of an 80,300-square-foot light industrial building at 2339 Center Square Rd. in Logan… Read more
Old Bridge Offices See Leasing Success Under New Owners
In less than seven months under new ownership, the 132,000-square-foot 100 Matawan Rd. in Old Bridge, NJ has seen more… Read more
Port Authority Okays $4.5B in Airport Projects
The $2-billion AirTrain LaGuardia project got the nod from the Port Authority of New York and New Jersey’s Board of… Read more
Prologis Acquiring Liberty Property Trust for Nearly $13B
San Francisco-based Prologis, Inc. is acquiring Wayne, PA-based Liberty Property Trust in an all-stock transaction valued at roughly $12.6 billion,… Read more
Rock Group Holds Grand Opening of Piscataway Logistics Center
Local government officials, tenants and neighbors joined Rockefeller Group executives and staff recently in celebrating the official opening of Rockefeller Group Logistics Center in Piscataway,… Read more
O-Zone Experts: The 10-Year Hold Means Looking at Long-Term Impact
By Paul Bubny The opportunity zone sector, which didn’t really exist prior to its inclusion in the 2017 Tax Cuts… Read more
KBS Amasses New Leases, Renewals at NJ Office Property
KBS signed 103,396 square feet in leases at Woodbridge Corporate Plaza in Iselin, NJ within the past six months. The deals included six… Read more
Cali Buyer Makes Third NE Deal with NJ Multifamily
Pacific Urban Residential LLC acquired The Highlands at Morristown Station, a 217-unit apartment building in downtown Morristown, NJ. Deal terms weren’t disclosed.… Read more
Bellwether Enterprise Hires Botros as Vice President in Greensboro
Bellwether Enterprise Real Estate Capital has hired Lucas Botros as vice president. Botros will be based in Greensboro and be… Read more