New Jersey
Blackstone Eyes 11-Warehouse Deal Near JFK Airport
The Blackstone Group is negotiating to purchase a portfolio of 11 warehouse buildings near JFK Airport. Ranging in size from 6,000 to almost… Read more
BK, Queens Projects Among MRC’s $1.3B in YTD Deals
Major projects in Brooklyn and Queens were among the beneficiaries of the more than $1.3 billion in financings and note… Read more
Outpost Club Takes Over Co-living Listings from Bedly
Co-living operator Bedly, which reportedly ceased operations abruptly late last month, has reached an operational management agreement with Brooklyn-based Outpost… Read more
Industrial Tenants Set Their Sights West of Turnpike
Although the New Jersey Turnpike corridor remains the epicenter of the state’s industrial market, and especially the Exit 8A submarket,… Read more
Morgan Stanley, Others Ink Deals for Morristown Offices
Lincoln Equities Group (LEG) has arranged five lease signings totaling 100,000 square feet at 60 Columbia Rd., 100 Southgate Pkwy. and 1200 Mount… Read more
Newell Brands to Move HQ Back to Atlanta
Consumer products company Newell Brands Inc. has announced plans to move its headquarters back to Atlanta. The company previously moved… Read more
Commercial Real Estate’s Fastest-Growing Media Company Signs Leases on Both Coasts
Connect Media has signed leases in New York and Los Angeles, and secured office space in Atlanta at co-working provider… Read more
Welltower Snares NJ Medical Offices in $140M Deal
Welltower Inc. has agreed to acquire a 43-acre, six-building, 270,000-square-foot medical office campus in Berkeley Heights, NJ for $140 million. The campus will… Read more
Related Takes Stake in Consolidated Rent-a-Car Operator
Related Companies made an equity investment in Conrac Solutions, a private operator, developer and financier of airport consolidated rent-a-car facilities… Read more
Apartment Turnover Rate Continues to Fall; Lowest in Two Decades
New research by Los Angeles-based CBRE shows multifamily turnover, the percentage of total rented units not renewed each year, fell… Read more
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