Newark
Agile Workspace is Now “a Requirement for Major Landlords and Corporations Alike”
While demand for agility in office space selection increased in 2020, the average flexible workspace requirement size decreased by 29%,… Read more
MRC Provides $395M Debt on NJ Multifamily Portfolio
Madison Realty Capital (MRC) provided a $395-million loan to Accurate Builders & Developers for a portfolio of assets that includes three nearly-complete… Read more
Sitex Acquires Two Industrial Properties Near NJ Turnpike
Sitex Group recently acquired two industrial facilities in New Jersey. They include a vacant, low coverage site at 440 Florida Grove Rd. in… Read more
NAI Hanson Brings Tenant to Newark’s Ballantine Industrial Center
NAI James E. Hanson negotiated an industrial lease for 6,000 square feet with Nextstop, LLC in the Ballantine Industrial Center at 397-447… Read more
JLL Arranges Construction Debt on NJ Cold Storage
JLL Capital Markets arranged a $34-million construction loan for the development of a new, 140,000-square-foot cold storage facility within the Port… Read more
CPP, L+M Partner on $123M Overhaul of NJ Seniors Housing
Community Preservation Partners (CPP) recently launched its first rehabilitation project in New Jersey: a $123-million overhaul of the Norman Towers… Read more
NYC Leads for Producing New Tech Talent
The nation’s second-largest tech labor market in the country behind the San Francisco Bay Area, New York City is also… Read more
William Gilbane III Joins Gilbane’s Board of Directors
Providence RI.-based construction and real estate development firm Gilbane has announced that William Gilbane III has been elected to its… Read more
S.Hekemian Group Breaks Ground on Industrial Near Newark Airport
The S.Hekemian Group LLC has broken ground on 120 Frontage Rd. in Newark, NJ, near Newark Liberty International Airport. JLL… Read more
Kislak Sells Newark Apartments with Rental Upside
The Kislak Company arranged the sale of a four-property multifamily portfolio totaling 69 units in Newark, NJ. The portfolio traded… Read more
Port Authority Okays $4.5B in Airport Projects
The $2-billion AirTrain LaGuardia project got the nod from the Port Authority of New York and New Jersey’s Board of… Read more
O-Zone Experts: The 10-Year Hold Means Looking at Long-Term Impact
By Paul Bubny The opportunity zone sector, which didn’t really exist prior to its inclusion in the 2017 Tax Cuts… Read more
NYC Region’s Major Airports Handle Record Summer
The region’s major commercial airports – John F. Kennedy International (JFK) and LaGuardia (LGA) in Queens, and Newark Liberty International… Read more
W&D Structures Loan to Acquire, Revamp Newark Airport Hotel
Walker & Dunlop structured a $14,224,000 senior loan for the acquisition and future repositioning of the 191-key Holiday Inn Newark Airport. Situated… Read more
L+M, Pru, Goldman Sachs Deliver Downtown Newark Redevelopment
L+M Development Partners, in partnership with Prudential Financial and the Goldman Sachs Urban Investment Group, released the first finished exterior, lobby… 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
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
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