New Jersey inventory of unsold homes (2005-2008)
A 412-kilowatt rooftop solar array is the first the real estate developer said it plans to install on the buildings within its 39 million-square-foot portfolio.
National Freight Industries bought property at MatrixÂs Gateway Business Park, in the Salem County township.
Renewals made up 35 percent of total leasing activity during the fourth quarter Â up 40 percent from the fourth quarter of 2007, according to the report.
"New Jersey is something internally the firm's been looking at doing for a number of years," said Landon McGaw, managing director of the new office.
New Jersey apartment sales in 2008 fell between 25 percent and 30 percent, while trading velocity for office and industrial buildings plunged about 40 percent.
55 Corporate Drive is located on 150 acres at the crossroads of Route 206, I-78 and I-287, and serves as the North American headquarters for Sanolfi-Aventis.
Home sales in northern New Jersey have fallen behind places in southern New Jersey, according to a new analysis by PolicyMap.
Retail vacancies are on the rise along major shopping corridors in northern and central New Jersey, according to an interim survey conducted last month by retail real estate brokerage R.J. Brunelli & Co.
Matrix Development Group has purchased the Mid-Atlantic Corporate Center, an 82-acre, 13-building complex at Exit 8A of the New Jersey Turnpike.
While New Jersey's foreclosure rate fell by 25 percent in October, economists say falling home prices and rising unemployment will counter the decline.