New Jersey
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
Somerset Development, NJ Transit Partner on TOD
Somerset Development acquired a 31-acre property in Somerville, NJ, which will serve as the future site for its Somerset Station… Read more
Crow Holdings Launches First NJ Industrial Project
Crow Holdings Industrial has started construction on its first project in New Jersey, a 925,000-square-foot facility in Franklin Township. To be known… Read more
Clothing Maker Relocates to Moonachie Warehouse
NAI James E. Hanson recently negotiated a 25,526-square-foot lease at 175 Anderson Ave. in Moonachie, NJ. Relocating from nearby Carlstadt, Cactus… Read more
Connect Apartments View From the Top: Supply, Demand, and Rent Control
By Melissa Baer At Connect Apartments, held recently in downtown Los Angeles, industry leaders Barry Altshuler, executive vice president-investments at… Read more
Prism Capital JV Closes on Parcel in Downtown Woodbridge
A joint venture of Prism Capital Partners and Northwestern Mutual Insurance Company recently completed the purchase of a five-acre redevelopment parcel at… Read more
Eldorado Resorts to Acquire Caesars in $8B+ Deal
Eldorado Resorts Inc. agreed to buy Caesars Entertainment Corp. for approximately $8.58 billion in cash and stock. The move would… Read more
4M-SF Linden Logistics Center Breaks Ground
A joint venture of Advance Realty Investors, Greek Development and PGIM Real Estate has broken ground on Linden Logistics Center, a 4.1-million-square-foot logistics park in Linden, NJ.… Read more
NY, NJ Lawmakers Advance $13B Gateway Rail Tunnel Project
Legislatures of both New York State and New Jersey have passed legislation to establish a seven-member, bi-state commission that would… Read more
St. Joseph’s Health Signs Full-Building MOB Lease
Lee & Associates New Jersey has represented St. Joseph’s Health in a long-term lease of a 60,000-square-foot, four-story medical office… Read more
East Brunswick Trophy Trades as Value-Add
CBRE arranged the $38-million sale of One Tower Center, a 23-story office property in East Brunswick, NJ. The CBRE Institutional… Read more