New Jersey
Century-Old Elizabeth Armory Will Carry Extra Space Storage Brand
The Hampshire Companies has acquired a circa-1912 former armory in downtown Elizabeth, NJ, which it plans to redevelop into a three-level self-storage… Read more
Bridgewater Offices Trade with Repositioning Prospects
Cushman & Wakefield has arranged the sale of 721 U.S. Highway 202/206, a four-story office building on a nearly 16-acre site with… Read more
Welltower Claims 12-Market Hammes MOB Portfolio for $400M
The Hammes Medical Office Portfolio, a 979,000-square-foot, geographically-diverse collection of 23 Class A medical outpatient properties, has traded hands for… Read more
CBRE Arranges Industrial Parcel Trade to Blackstone’s Gramercy
CBRE has arranged the $8-million sale of a development site at 1290 Wall St. in Lyndhurst, NJ to Gramercy Property… Read more
Spirit Bascom Makes 2nd Hoboken Buy in 6 Months
Spirit Bascom Ventures, a partnership between Stamford, CT-based Spirit Investment Partners and Irvine, CA-based The Bascom Group, has acquired a 30-unit apartment… Read more
Transwestern Development Expands Northeast Logistics Platform
Transwestern Development Co. has expanded its national logistics group, naming industry veteran Brian Banaszynski as regional partner to facilitate the firm’s… Read more
CushWake Arranges Sale, Immediate Lease-up of NJ Industrial
Cushman & Wakefield represented Lefcourt Associates in the sale of 19 Crows Mill Road in Keasbey, NJ to Liberty Property… Read more
HFF Arranges Take-out Loan for Multifamily Near Harrison PATH
HFF has arranged $70 million in financing for Steel Works, a recently-completed, 286-unit apartment community in Harrison, NJ near the… Read more
NJ Office Rents Reach New Peak; QOZs Loom Large in the Future
Office redevelopment throughout New Jersey has pushed the state’s average asking rent to a new high of $26.94 per square… Read more
Griffin-American Healthcare REIT IV’s Acquisition Activity Hits $200M Q4 2018
Irvine, CA-based Griffin-American Healthcare REIT IV, Inc. completed the acquisition of 11 healthcare buildings in five states, and a 6%… Read more
Hilco Plans Warehouses on Sites of Former NJ Power Plants
Hilco Redevelopment Partners (HRP) has acquired PSEG Power’s retired Hudson Generating Station in Jersey City/Secaucus (pictured) and Mercer Generating Station… Read more
Springfield Office Net Leased to LVMH Sells in 1031 Deal
CBRE arranged the $13.3-million sale of a 60,000-square-foot Class A office building in Springfield, NJ. The property, which serves as… Read more
Grocery-Anchored Paramus Center Trades to Invesco JV
Cushman & Wakefield arranged the December sale of Paramus Junction, a fully-leased, grocery-anchored Paramus, NJ shopping center in the heart… Read more
Illinois Ranks Second to NJ for Outbound Migration
Although New Jersey is the state most likely to see residents move out, Illinois isn’t far behind. United Van Lines’… Read more
Opportunity Zone Impact Expected to be Localized
Part two of a three-part series By Dave Sorter Opportunity Zones may be the hot topic of discussion in the… Read more
Hampshire Comes to Hackensack for Its First QOZ Deal
The former Arena Diner at 250 Essex St. in Hackensack, NJ is the first Qualified Opportunity Zone investment for the… Read more
So What Exactly are Opportunity Zones, and Where are They Located?
Part One of a three-part series By Dave Sorter Opportunity Zones have been a hot-button topic in the real estate… Read more
Port Authority Brings Electric Buses to Airport Shuttle Fleet
The Port Authority of New York and New Jersey has agreed to procure 18 Proterra electric buses for shuttle service… Read more
2019 Brings Uncertainty to Industrial After Record Port Volume
Container traffic through the Port of New York and New Jersey set a new monthly record in October, wrote CBRE’s… Read more