The longtime owner of a 27,000-square-foot medical office building in Ewing has sold the property for $1.8 million, according to brokerage firm NAI Fennelly.
The debate over New Jersey’s corporate incentive programs has been well-chronicled in recent years, but regardless of where you fall on the issue, there’s no denying their influence on the state’s commercial real estate market. That influence was all but gone for two years after Grow New Jersey and other subsidy programs were allowed to expire in summer 2019, with no immediate replacements in sight until Gov. Phil Murphy and lawmakers agreed on new incentives late last year. The state is now putting those offerings to work, starting with the jobs-based Emerge program that will fill the void left by Grow New Jersey.
NAIOP New Jersey recently honored Alex Klatskin, general partner with Forsgate Industrial Partners, with the newly renamed Charles Klatskin Lifetime Achievement Award.
The buyer of a six-building, 171-unit apartment complex in Kearny has secured $27 million in financing, in a newly announced transaction by Progress Capital.
