New Jersey
Legislation Introduced to Measure O-Zone Impacts
While a great deal has been written about Opportunity Zone benefits for investors and developers, the real question is whether… Read more
JLL to Lease Up Repositioned Somerset Offices
JLL has been selected by Griffin Capital Essential Asset REIT II as exclusive leasing agent for 30 Independence Blvd., a… Read more
Port Authority Gets the Ball Rolling on New Bus Terminal
The Port Authority of New York and New Jersey has begun the environmental review process for replacing its Midtown Manhattan… Read more
CushWake Team Will Manage Newark’s Tallest Building
Cushman & Wakefield’s New Jersey asset services term has been assigned property management at the National Newark Building, also known as 744 Broad… Read more
DressBarn Plans to Wind Down 650-Store Operations
Mahwah, NJ-based DressBarn plans to commence a wind down of its retail operations, including the eventual closure of its roughly… Read more
$330M NY Proton Center Set for July Opening
New York City is set to get a new radiation-treatment center, the first of its kind in the state, that… Read more
AMS Adds Sayreville Senior Housing to Portfolio
New York City-based AMS Acquisitions LLC has purchased Gillette Towers, a two-building senior housing community in Sayreville, NJ, for $13… Read more
Financial Firm Plants Flag in NJ with Buy from Mack-Cali
Cushman & Wakefield recently arranged the off-market trade of 2115 Linwood Ave. in Fort Lee, NJ. The firm’s David Sherman… Read more
Eastern Union Founder Launches New Venture
Ira Zlotowitz, founder and president of Eastern Union, has launched The Ira Group, which seeks to educate the public about… Read more
Rockland Industrial Sells Quickly Amid Strong Interest
Strong buyer interest and quick turnaround for 3 Alpine Ct. in Chestnut Ridge, NY reflected sustained demand for Class A… Read more
Dirt Moves on Next Phase of JC’s University Place Master Plan
Executives from The Hampshire Companies, Claremont Companies and Circle Squared were joined by New Jersey City University President Sue Henderson and Jersey City Mayor Steven Fulop… Read more
Amazon’s Cashless Store Veers Back Toward Cash
A year ago, Amazon launched its high-tech Go convenience store concept. With no cashiers on hand, shoppers enter the store… Read more
Logistics Firm Buys Clifton Warehouse to Grow In
Logistics firm Shawnee Transportation, headquartered in Lancaster, PA, has acquired 50 Somerset Pl., a 121,000-square-foot industrial building in Clifton, NJ,… Read more
EmblemHealth Recommits to 440K-SF Downtown Space
Colliers International Group and CBRE have arranged a long-term lease extension at 55 Water St. for EmblemHealth. The non-profit health… Read more
RED Mortgage Capital Closes $60M SBL Portfolio in Union City, NJ
RED Mortgage Capital closed a $60 million, 18 property portfolio in Union City, N.J. through the Freddie Mac OptigoSM Small… Read more
Prism Retains Goettsch Partners for New Office Towers at ON3
Prism Capital Partners has retained Chicago-based architectural firm Goettsch Partners to design a new Class A office complex at ON3, the 116-acre mixed-use redevelopment of… Read more
Garden State Plaza Will Become “Town Square” in Sweeping Redevelopment
The 2.1-million-square-foot Westfield Garden State Plaza will become the hub of a mixed-use town center in a sweeping redevelopment planned by… Read more
Multi-tenant Shopping Center in Mercer Finds Buyer
Marcus & Millichap recently arranged the sale of Princeton Plaza, a fully-occupied highway shopping center on Brunswick Pike in Lawrenceville,… Read more
BTS Cold Storage Facility Lands $36M Refi
HFF has arranged a $35.75-million refinancing for a fully-leased, 182,154-square-foot, Class A cold storage facility at 275 Blair Rd. in… Read more