The investment property is fully occupied by a long-time tenant, making this sale more attractive to the buyer's business objectives.
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Real Estate
80% of lux apartments at 45 Market in Morristown are leased
The Marketing DIrectors has been retained as the exclusive leasing and marketing agent by partners Vertical Realty Capital and Stolar Capital, for the collection of upscale studio, one- and two-bedroom floorplans just steps from the colonial Morristown Green.
Read More »CBRE arranges sale of 10-acre land parcel in Kearny
Formerly the Talbot Hall Rehabilitation Center, the site was acquired by Link Industrial. The new ownership is seeking to construct an approximately 160,000-square-foot state-of-the-art distribution center, which will be ready for occupancy at the end of 2022.
Read More »Realogy launches partnership with National Association of Minority Mortgage Bankers of America
Residential real estate leader joins forces with leading minority real estate association to bolster industry career opportunities for the next generation of diverse talent.
Read More »Mack-Cali names new CEO; Gilmartin steps down and will act as advisor
Mahbod Nia will serve as the head of the Jersey City-based REIT. The seasoned executive brings over 20 years of experience driving substantial value creation across the real estate industry.
Read More »NAIOP NJ: CRE will play a vital role in fueling growth of state’s life sciences industry
The virtual program examined opportunities and challenges ranging from economic incentives to retrofitting existing spaces.
Read More »Cushman & Wakefield arranges $10.2M sale of industrial asset in Woodland Park
The asset offers a highly-diversified tenant roster, with the largest tenant representing only 9% of the rentable building area. Currently home to 40 tenants, the property features 173 parking spaces.
Read More »Grid Real Estate leases 108,000SF to small businesses, artisans and creatives at the Sterling Building
The historic textile mill will become a small business incubator that allows artisans, makers and creatives to have a place to work near their homes in Hudson County.
Read More »Invest Newark launches region’s first land bank to revive and provide an equitable opportunity to the city’s abandoned properties
Mayor Ras Baraka and Invest Newark launched an initiative to improve the quality of life for Newark residents. The program will help boost the city's economy post-COVID by increasing homeownership and create affordable and market-rate housing.
Read More »JLL Capital Markets secures $60M in refinancing for Class A Hackensack property
Tidewater Real Estate sought the 30-year self-liquidating loan for Excelsior II, an 18-story multi-housing tower that is one of the most well-known properties in the city which is also within walking distance of Hackensack University Medical Center.
Read More »Team Resources secures new leases and sales in North Jersey
The band of brokers at the Lyndhurst-based company closed on the sales of several North Jersey properties including one that sold for $5.9 million.
Read More »CBRE arranges 130,000SF industrial lease in Lodi
The grocery wholesaler will utilize the space as a wholesale membership club, supplying smaller grocery stores, delicatessens and convenience stores with household items.
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