Real Estate

Construction Worker at Site
Mar 4, 2022

Construction employment rises nationally

According to an analysis from Associated Builders and Contractors, the industry has recovered 99% of the jobs lost earlier in the pandemic.

A rendering for the multimillion redesign coming to 3 Giralda Farms in Madison.
Mar 4, 2022

Multimillion-dollar repositioning coming to 3 Giralda Farms (slideshow)

Big changes are coming to the 141,000-square-foot former headquarters of Quest Diagnostics at the storied campus in Madison, where JLL has been retained as exclusive leasing agent.

Mar 3, 2022

New property tax relief program would assist 1.8M NJ homeowners, renters

The proposal from the governor's office would provide assistance for 1.5 million of the former and 600,000 of the latter, and comes as several Senate Republican lawmakers say they plan to introduce a bill to provide automatic, refundable tax credits to anyone that earned less than $500,000 last year.

Mar 3, 2022

FreezPak inks first South Florida lease

The deal furthers the plans of the third-party food logistics company from Cateret to operate in every major port.

JLL Capital Markets announced March 2, 2022, that it secured $21.98 million in financing for Wharton Equity Partners' acquisition of a six-property light industrial portfolio with properties in the Philadelphia-area.
Mar 3, 2022

Light industrial portfolio secures $21.98M in financing, JLL says

JLL Capital Markets arranged the funding on behalf of the buyer for its acquisition of the six-property package.

NAI James E. Hanson announced March 3, 2022, that it negotiated the sale of a 132,135-square-foot industrial/flex complex at 65-75 and 125-127 Kingsland Ave. in Clifton
Mar 3, 2022

NAI Hanson handles sale of Clifton industrial/flex complex

The fully leased properties are comprised of 132,135 square feet located on Kingsland Avenue.

Rendering for the 332,640-square-foot portside distribution facility that is expected to be delivered by year-end at Lincoln Logistics Bayonne
Mar 3, 2022

Lincoln Equities plans 333,000-square-foot distribution building in Bayonne

Lincoln Equities Group says spec construction is set to begin on the portside project at the former Military Ocean Terminal site, Lincoln Logistics Bayonne.

Summit-based KABR Group and FCA-Orbita Group of Queens completed the purchase of a 3.5-acre industrial site in Jamaica, Queens located at 184-10 and 184-60 Jamaica Ave.
Mar 2, 2022

KABR, FCA-Orbita acquire Queens industrial site for $73.5M

The property is comprised of two interconnected five- and six-story buildings with a cumulative 620,000 rentable square feet.

Mar 2, 2022

First National Realty Partners enters Alabama market

The 311,000-square-foot open air center is located in a retail corridor with combined traffic counts of over 86,000 vehicles per day.

Diversified Properties said it sold 4.3 acres of undeveloped land at the Mars Park Corporate Center in Monvtille to the Morris County Park Commission, which will be used to expand parking at the Pyramid Mountain Natural Historic Area.
Mar 2, 2022

Diversified sale to increase access to Morris County’s Pyramid Mountain park

Diversified Properties sold 4.3 acres of undeveloped land in Monvtille to the Morris County Park Commission, which will be used to expand parking at the 1,675-acre park.

100 Matawan Road, Matawan.
Mar 2, 2022

Signature Acquisitions signs 55,000 square feet across GSP office portfolio

"These new leases and expansions show a belief in business fundamentals, and a strong level of confidence in the continued need for well-located, well-managed office spaces," said Signature Senior Vice President and Director of Leasing Sandy Monaghan.

Cushman & Wakefield arranged the sale of the 59,100-square-foot self-storage property at 6 Central Ave. in Red Bank, which is managed by Real Estate Investment Trust (REIT).
Mar 1, 2022

REIT-managed self-storage facility in Central Jersey trades hands

Cushman & Wakefield arranged the sale of the 59,100-square-foot Central Jersey property.