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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.
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.
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.
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.
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.
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...
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.
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.
HFF closes 25.8M saleleaseback deal involving 4 grocery store sites
Florham Park-based HFF announced Tuesday it has closed a sale/leaseback transaction involving four free-standing grocery store sites totaling 120,335 square feet in greater New York and northern New Jersey.
Hampshire inks 61,224-square-foot lease at Piscataway property
The Morristown-based Hampshire Cos., a private real estate investment firm, on Tuesday announced it signed a long-term lease deal with a technology leader in the defense and aerospace markets for 61,224 square feet at a flex facility located at 140 Centennial Ave., in Piscataway.
Gramercy Capital acquires E. Brunswick property in 11.6M cash deal
Gramercy Capital Corp., a real estate investment and asset management company in New York, announced today it closed on an industrial property in East Brunswick in an $11.65 million, all-cash deal.
Report says N.J. suburban office market may be turning a corner
The storm clouds may be lifting from the state’s suburban office submarkets, thanks to rising interest in some transit-centric regions and new signs of life at some of New Jersey’s defunct corporate campuses.
