New Jersey
NJ Office Vacancies Tick Downward: Transwestern
Vacancy levels in New Jersey’s office Market improved slightly during the third quarter, thanks to large renewals and expansions within… Read more
Grocer Divests Indiana Distribution Center
Boston-based STAG Industrial, Inc. acquired a 478,744 square-foot asset in Lebanon, IN from an entity related to Purity Wholesale Grocers.… Read more
JV Will Build Apartments at Former Base in Bayonne
A joint venture of JMF Properties, RD Management LLC, and Accurate Builders and Developers has closed on a 14-acre site… Read more
HFF Sells Industrial Parcel Adjacent to Newark Airport
HFF has arranged the $8.2-million sale of a 4.5-acre land parcel for an industrial development at 120 Frontage Rd., adjacent… Read more
Bridge Launches Work on 4M-SF Logistics Park
Bridge Development Partners has broken ground on Bridge Point 78, the company’s planned four-million-square-foot logistics park spanning Phillipsburg and Lopatcong,… Read more
CubeSmart-Branded Facility Lands $15.6M Loan
HFF has placed $15.65 million in construction financing for the development of Hillside CubeSmart, a 1,203-unit, CubeSmart-branded self-storage facility in… Read more
NorthMarq Provides Refi on NJ Multifamily
NorthMarq Capital has arranged a 38-million refinance on Camelot at Cinnaminson, a 405-unit multifamily property in the Burlington County township… Read more
CBRE Arranges Refi on Louisville-area DC
CBRE Capital Markets’ debt and structured finance group has arranged a new $13-million refinance loan for the J. Knipper and… Read more
NJ Industrial Leasing Hits Quarterly High
Even with vacancies at historic lows, New Jersey’s industrial sector still had enough space available to generate a new quarterly… Read more
Landsea Taps Greystone’s Preschel as Sales VP
Landsea Homes has hired Jill Preschel as its new VP of sales and marketing for the company’s rapidly-growing Eastern region,… Read more
Berkshire Makes First Buy in Princeton/Trenton Area
Berkshire Group has acquired Steward’s Crossing, a 240-unit garden-style apartment community in Lawrenceville, NJ. It’s Berkshire’s first acquisition in the… Read more
Stabilized North Jersey Industrial Sells to LLC
Marcus & Millichap has arranged the sale of 1 Paul Kohner Place, a 117,000-square-foot industrial property on 5.43 acres in… Read more
JV Trades One Harmon Plaza to Private Buyer
A joint venture between Mountain Development Corp. and PCCP LLC has sold One Harmon Plaza in Secaucus, NJ for $34… Read more
Pentax Medical HQ Changes Hands in Montvale
Boston-based The Davis Companies has sold the headquarters of R&D firm Pentax Medical at 3 Paragon Dr. in Montvale, NJ… Read more
Class A Product Drives NJ Industrial Growth
The driving force in the hot industrial markets of Northern and Central New Jersey is Class A product, CBRE says… Read more
Adam Petrillo Takes Reins of Savills Studley’s Industrial Group
Savills Studley appointed Adam Petrillo as Head of the Industrial Services Group (ISG). In this new role, the New Jersey-based Petrillo… Read more
NKF Handles Triple-Net Sales for Mack-Cali
NKF Capital Markets has completed the sales of two triple-net leased office properties in Hamilton, NJ on behalf of Mack-Cali… Read more
A Higher and Better Use for Old Manufacturing Plants
They’re well located near highways, ports and rail lines. They’re situated on enormous tracts of land. They can be had… Read more
Prologis Inks the RealReal to Fulfillment Center Deal
Prologis has signed The RealReal to a full-building industrial lease of 492,276 square feet at 950 Convery Blvd. in Perth… Read more