Mack-Cali Realty Corp., the Edison-based real estate investment trust, announced Wednesday it sold 19 Skyline Drive, in Hawthorne, N.Y., in a $17.5 million deal.
Read More »
Real Estate
Prologis breaks ground on major industrial project in Jersey City
The smoke that once billowed from underground chemical fires and wreaked havoc on the Pulaski Skyway was not enough to discourage Prologis Inc. in 2005, when it first moved to buy a large piece of a former landfill in Jersey City.
Read More »JLL represents Dr. Reddy’s for headquarters lease in Princeton
Jones Lang LaSalle, in Parsippany, announced Tuesday it completed a new, direct lease for 106,500 square feet of office and lab space for Dr. Reddy's Laboratories Inc. with National Business Parks Inc., in Princeton.
Read More »HFF closes sale of Middlesex County property
Mortgage banking firm HFF announced Tuesday that its Florham Park office closed the sale of 1111 Durham Ave., a 236,710-square-foot office building on the border of South Plainfield and Edison.
Read More »
EDA approves 99 million for trio of residential Urban Transit Hub projects
The New Jersey Economic Development Authority approved $99 million in new Urban Transit Hub tax credits this morning, essentially exhausting the $100 million set aside last year for residential projects.
Read More »Egg Harbor office building sells in 5.65M deal
Gladstone Commercial Corp., of McLean, Va., announced today it purchased a 29,257-square-foot office building in Egg Harbor for $5.65 million.
Read More »Burlington Coat Factory breaks ground on new headquarters
Construction was set to officially begin today on the new corporate headquarters for Burlington Coat Factory, the longtime South Jersey-based discount clothing retailer.
Read More »Mack-Cali acquires second luxury multifamily property in Boston area
Edison-based Mack-Cali Realty Corp. announced Thursday it closed on the acquisition of Alterra at Overlook Ridge IB, outside Boston, for approximately $88 million. The completed acquisition was pursuant to a signed contract which Maxck-Cali announced in January with the acquisition of the sister building, Alterra at Overlook Ridge IA.
Read More »Onyx Equities acquires Plainsboro Plaza
Onyx Equities LLC, of Woodbridge, and Artemis Real Estate Partners on Thursday announced the formation of a joint venture and acquisition of Plainsboro Plaza, a 218,600-square-foot, grocery anchored Class A retail property in Plainsboro.
Read More »
Touhey recalls darkest days of recession as he leaves NJBA
Tim Touhey makes no secret of the threat faced by the New Jersey Builders Association as the Garden State navigated “what probably was the most devastating time in the history of housing,” the 2008 recession. The group maintained its ranks, but “the concern from our perspective was how long that downturn would have a severe...
Read More »Perkins Eastman Architects will plan Roche site redevelopment
The joint repurposing committee for the Hoffmann-La Roche Inc. site in Nutley has recommended Perkins Eastman, a New York planning, design, and consulting firm, to develop options for the repurposing of the site.
Read More »UMH Properties acquires Nashville community
Freehold-based UMH Properties Inc. announced Tuesday it has acquired Holiday Mobile Village, a 274-site manufactured home community on approximately 68 acres, located in Nashville.
Read More »