New Jersey
NJ Workforce Housing Portfolio Fetches $146M
The Northern/Central New Jersey Workforce Housing Apartment Portfolio, a generational collection of seven multifamily high-rise and garden properties totaling 1,035… Read more
Bergen County Seniors Project Secures Equity Capital
Cushman & Wakefield Senior Housing Capital Markets has arranged $26.5 million of institutional equity capital from a private equity fund… Read more
MREIC Adds Mission-Critical Toyota Tsusho Facility
Monmouth Real Estate Investment Corporation (MREIC) has acquired a newly-built 350,000-square-foot industrial building at 5440 Haggerty Ln. in Lafayette, IN for… Read more
Transwestern Team Leasing Up Cedar Knolls Flex Property
Transwestern Commercial Services (TCS) has been retained as the exclusive broker for 45 Horsehill Rd. in Cedar Knolls, NJ. Renamed to Morristown… Read more
Beauty Supplier Acquires Warehouse at Rock Group’s Piscataway Complex
Global beauty company Kiss Products has purchased a 469,600-square-foot distribution building at Rockefeller Group Logistics Center in Piscataway, N.J. for… Read more
Meal-kit Service Plated is Leaving Bronx for Warehouse in NJ
Meal-kit company Plated is closing its Bronx fulfillment center and moving to a larger facility in New Jersey, Crain’s New York Business reported.… Read more
Biotech Firm Signs First New Lease at Former Bristol Myers Squibb Campus
Colliers International represented owner Trawler Capital Management in a long-term lease at 777 Scudders Mill Rd. in Plainsboro, NJ. Biotechnology firm… Read more
Blackstone, RXR Divest Princeton Offices
University Square, a five-story, trophy office building totaling nearly 330,000 square feet in Princeton, NJ, and the adjacent 115 Campus Dr.,… Read more
Rents Reach Historic Peak for NJ Office
The New Jersey office market recorded its fifth consecutive quarter of positive net absorption, driving the state’s average asking rent to an… Read more
Bogota Rental Project Lands $60M Construction Loan
Cushman & Wakefield’s Equity, Debt & Structured Finance (EDSF) team advised on a $60-million construction loan for Phase I of a 13-acre, multifamily… Read more
New-Format Toys”R”Us Returns for the Holidays
Toys”R”Us, which shuttered all of its U.S. stores last year, will be returning to a brick-and-mortar format for the 2019… Read more
Reinsurer Moves U.S. HQ to Warren Corporate Center
Everest Reinsurance Company signed an approximately 315,000-square-foot, long-term lease to relocate its U.S. corporate headquarters to Warren Corporate Center in… Read more
Meridian’s Lieberman Closes 4 Apartment Loans in 8 Days
Meridian Capital Group arranged $22.6 million in financing for four New York City-area multifamily properties within eight days. The transactions… Read more
St. Louis Industrial Trades to Out-of-State Buyer
Stan Johnson Company (SJC) has arranged the $14-million sale of Cassens Business Center, a multi-tenant industrial property in the St.… Read more
Wight Will Serve as Master Architect on Bell Works Chicagoland
Wight & Company has been retained by Somerset Development to provide design services for Bell Works Chicagoland, a redevelopment project that will… Read more
NJ Industrial Market Reaches New Highs
New Jersey’s industrial sector continues to reach new highs, CBRE and Cushman & Wakefield say in separate second-quarter reports. Although… Read more
One Wall Lands $57M Freddie Mac Refi on NJ Workforce Housing
CBRE secured $57 million in loans through the Freddie Mac Small Balance Loans Program for a 13-property residential and mixed-use… Read more
U.S. Office Vacancy Decreased in Q2 2019
The latest research from Los Angeles-based CBRE shows show the U.S. office vacancy rate decreased during Q2 2019, by 10… Read more
NYC’s Airports and Port Set YTD Traffic Records
The Port Authority of New York and New Jersey said its airports, seaport, PATH trains and Goethals Bridge traffic reported… Read more