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Low industrial vacancies, lack of lab space leads to rent increases
Two recent reports from CBRE highlight the impact that demand is having on tenants' costs as warehouse leases expire and life sciences companies look to expand.
East Orange apartment building sells for $4.4M
Jed Matricaria, an investment specialist based in Marcus & Millichap's New Jersey office, had the exclusive listing to market the property.
Downtown Hackensack’s first high-rise set to open doors next week (slideshow)
With 15 stories, a Sky Lounge offering Manhattan views and approximately 8,000 square feet of retail space, The Brick is ready to welcome residents.
Multi-housing community sells in Montclair
According to Senior Managing Director Jose Cruz, “[t]he Montclair Residences at Bay Street Station saw significant interest from the investment community with multiple national groups taking part in the bidding process.”
Boonton construction firm opens NY office
The firm that led the build of the Statue of Liberty Museum in 2019 is expanding to better meet client needs in the Hudson Valley, where the firm has two ongoing projects.
Mack-Cali is now Veris Residential
As it makes the move to a pure-play residential REIT, the company is debuting its rebrand, and renewed focus on ESG.
Howell industrial site sells for $1.2M
The property includes a 7,000-square-foot structure with additional outdoor storage options.
Mixed-use Hillsborough Village Center 100% preleased, Larken says
In light of the COVID-19 pandemic and ongoing construction, the company's residential division used a non-traditional leasing and marketing strategy at the property, going fully virtual.
NAI James E. Hanson helps bring Daidone Electric to Avenel
The independent commercial real estate firm announced it negotiated a lease for 1,030 square feet of office space for the more than 90-year-old company.
At 108,000 square feet, retail outpost Paramus Crossroads is fully leased
Five new tenants signed on for a collective more than 32,000 square feet at the complex.
Bussel brokers Sayreville industrial sale for $2.8M
The property's location lends itself to major roadway access, less than 3 miles from the New Jersey Turnpike, Garden State Parkway, and Routes 9 and 18.
NJEDA to launch Brownfields Impact Fund early next year
The initiative will make low-interest loans up to $350,000 available to for-profit organizations and grants of up to $350,000 available to nonprofits and local government units.
