commercial real estate Archives - New Jersey Business Magazine

NJB > commercial real estate

Tag Archive

NJ Seeing Sustained Historic Industrial Fundamentals, Measurable Office Sector Improvement

Oct 9, 2017
No Comments

Continued historic industrial market fundamentals and measurable office sector improvement translated to robust overall third-quarter performance for New Jersey commercial real estate, according to Parsippany-based Colliers International NJ LLC. The global commercial real estate services firm today released its latest regional Market...

Construction Commences on Rockefeller Group Logistics Center in Piscataway

Oct 5, 2017
No Comments

Rockefeller Group announced that it has broken ground at its 228-acre site in Piscataway, where the leading global real estate owner, developer and investor is developing the 2.2-million-square-foot, state-of-the-art Rockefeller Group Logistics Center. Rockefeller Group’s plans are propelled by the vigorous demand in New Jersey for...

Major Projects Give Hope For Real Estate Rebound

Sep 11, 2017
No Comments

A new home for Subaru in Camden. “Metroburbs” appearing in New Jersey’s suburbs. Mutant turtles in the Meadowlands (the Teenage Ninja variety). … Real estate development projects are changing the state’s landscape. And that includes much more than the commercial and residential towers rising in places like Hudson County’s...

Investors Bank Completes More Than $1.4B in Commercial Real Estate Loans

Sep 8, 2017
No Comments

Investors Bank completed over $1.4 billion in commercial real estate (CRE) loan transactions during the first half of 2017. Focused on diversifying its loan portfolio, Investors Bank’s CRE Lending Group provided commercial mortgages for multifamily housing, mixed-use properties, office buildings, warehouses, shopping centers, and...

Jonathan Meisel Joins CBRE in Central New Jersey

Aug 22, 2017
No Comments

CBRE announced that Jonathan Meisel has joined the firm as a senior vice president in its central New Jersey office. Meisel brings close to 30 years of New Jersey commercial real estate experience to CBRE, having held senior-level positions at both JLL and Cushman & Wakefield. “We are thrilled that Jon has chosen to join our...

Cushman & Wakefield Arranges $15.34-Million Financing for I-80 Distribution Center in Paterson

Aug 22, 2017
No Comments

Cushman & Wakefield, Inc. announced that it served as the exclusive advisor to a joint partnership between Camber Real Estate Partners and Advance Realty, in arranging $15.34 million of financing secured by 1200 Madison Avenue (the “Property”) located in Paterson. The financing was provided by First Bank. 1200 Madison is a...

SKIDATA Opens New US Headquarters in New Brunswick

Aug 18, 2017
No Comments

SKIDATA opened its new, 11,500-square-foot US headquarters office at Albany Street Plaza in New Brunswick. Commercial real estate services firm Cushman & Wakefield headed the site search and the project management for the global access solutions and visitor management organization. SKIDATA relocated to the Class A property at 120...

HFF Secures $14.9 Million Financing for Warehouse Distribution Building and Land Site in South Brunswick

Aug 10, 2017
No Comments

Holliday Fenoglio Fowler, L.P. (HFF) has secured $14.9 million in financing for a 368,537-square-foot, rail-served warehouse distribution building and adjacent 16-acre development site located at 83 Stults Road in South Brunswick. HFF worked on behalf of the borrower, a partnership between EverWest Real Estate Partners, LLC and...

CBRE Promotes Eric Wagner to Lead New Jersey Project Management Team

Aug 2, 2017
No Comments

CBRE announced Eric Wagner has been promoted to leader of the New Jersey project management team. “Eric’s talents, expertise and capabilities will enable him to support the team in delivering project management services in an extremely competitive environment,” said Frank Alvarado, senior managing director, CBRE. “His...

Renovation of 5 Garret Mountain Plaza to Create Unique ‘Live-Work-Play’ Environment

Jul 28, 2017
No Comments

5 Garret Mountain Plaza in Woodland Park is set for renovations. The 101,880-square-foot property – located via Exit 56 situated at the four-way interchange of I-80 – is part of a three-building, 30-acre campus that is owned by affiliates of Mountain Development Corp. (MDC). The free-standing Class A building is slated to undergo...

CBRE Announces the $16.7-Million Sale of 4 Becker Farm Road in Roseland

Jul 28, 2017
No Comments

CBRE Group, Inc. announced that Jeffrey Dunne and Jeremy Neuer of CBRE Institutional Properties in collaboration with Patrick Arangio and Jack Howard of CBRE National Loan & Portfolio Sale Advisors and Nick Savage of CBRE’s Advisory & Transaction Services represented a special servicer in the sale of 4 Becker Farm Road,...

Suburban Comeback Reinforcing Strong New Jersey Office Market

Jul 12, 2017
No Comments

Renewed interest in New Jersey’s suburban office properties, combined with consistently strong leasing activity downtown, has pushed average asking rents for office space to $26.42 per square foot, according to Transwestern’s Second-Quarter 2017 Office Market Report. Nearly $2 higher than it was just five years ago, the figure...

Floor & Décor Opens in a 62,000 Square-Foot Former Sports Authority in Paramus

Jul 10, 2017
No Comments

Floor & Décor leases a 62,500-square-foot, freestanding building in Paramus that was formerly occupied by Sports Authority. The Goldstein Group has placed the company at the location. Floor & Décor, founded in 2000, is a provider of high quality flooring and tile at affordable prices. They currently have over 70 locations...

E-commerce and Spec Building Leases Drive NJ Industrial as TAMI and FIRE Sectors Lead Rebound in Office Sector

Jul 3, 2017
No Comments

E-commerce companies and demand for warehouses that rapidly filled spec buildings drove industrial activity with the central New Jersey market recording its second highest absorption ever as the northern and central New Jersey office markets rebounded from a slow first quarter, according to Colliers International Group Inc. The global...

Data Center Demand and Innovations Get New Jersey Back on Online

Jun 26, 2017
No Comments

Nearly any business can find benefits to outsourcing its mission critical data to a third-party data center infrastructure management (DCIM) solution – including better utility rates; 24/7 uptime agreements; offloaded site real estate; operational vs. capital expense; quick disaster recovery; and moving back from data maintenance to a...