A commercial building was razed at the property to make way for the municipality's first luxury rental apartments.
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Real Estate
State issues warehouse siting guidance
The pressure to meet demand and build more has put a strain on road and water infrastructure, the environment, overburdened communities and farmland. According to Donna Rendeiro, executive director of the Office of Planning Advocacy and the State Planning Commission, this will help municipalities looking to strike a balance between economic opportunity and protecting "critical infrastructure and environmental assets."
Read More »Axia Women’s Health signs on at Glenpointe in Teaneck
The women's health provider is joining the roster at Alfred Sanzari Enterprises' work-play-stay campus.
Read More »Pharma company buys Basking Ridge complex for $4.6M
The buyer and seller were represented by Kislak and Garibaldi Group, respectively, in the sale of the five-building, 52,000-square-foot property.
Read More »Principal Real Estate Investors nabs newly built industrial building
Located in the Trenton Industrial submarket, the former site of the Shoppes at Hamilton recently underwent a complete redevelopment, giving rise to a 171,269-square-foot asset.
Read More »SJP: Siemens signs on for 65K square feet at Metropark
The new space will undergo a customized build-out by SJP's third-party construction management platform to accommodate the international company's multi-division workforce, which tops 2,100 across the Garden State.
Read More »Rutgers Center for Real Estate adds Walker & Dunlop as sponsor
W&D Vice President of Diversity & Inclusion Irelynne Estevez-Waller said the company views the partnership as a “substantial step” in its ability to continue attracting and developing diverse talent in markets like New Jersey.
Read More »Bergman RE teams up with Better Spaces
Four properties across the Woodbridge real estate investment and management company's portfolio will add on-site, in-person weekly classes focused on health, fitness, art and general well-being from the tenant engagement specialists, while all of the firm's owned or managed locations will have access to its app.
Read More »Net-leased auto service, fueling location sells for $4.15M
Marcus & Millichap's Cafiero Group arranged the deal, which involved an out-of-state buyer in a 1031 exchange.
Read More »Prologis to acquire Duke Realty in $26B all-stock deal
In May, Prologis Inc. sent a a public letter to Duke Realty Corp. Chairman and CEO James Connor - following months of private attempts - offering to buy the industrial property REIT in an all-stock transaction. This week, that offer was accepted.
Read More »NAI Hanson negotiates Essex County office building sale
NAI James E. Hanson arranged the deal for the 7,000-square-foot Livingston property on behalf of Metropolitan YMCA of the Oranges.
Read More »JLL arranges 13,000-square-foot sublease in Lyndhurst
According to the firm, the new tenant is expanding its operations, relocating from Moonachie to 125 Chubb Road—a five-story, 278,456-square-foot, Class A office building within the Meadowlands Corporate Center.
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