A new year is upon us, bringing new opportunities and new uncertainty for New Jersey’s commercial real estate market. To make sense of it all, we recruited some of the industry’s most influential professionals, developers and thought leaders to share their predictions for the year ahead. You can find those insights and more in our special 2020 Market Forecast.
How to read an insurance certificate
By Paul V. Profeta We all have work done on our buildings. Many of us require that the Contractor provide proof of insurance in order to protect us from any liability that could occur due to their negligence or imperfections…
JLL: Law firm commits to mixed-use project at ex-Mercedes-Benz site in Montvale
The redeveloper of the former Mercedes-Benz campus in Montvale has lured its first office tenant to the site, inking a 20,000-square-foot lease with an area law firm.
Joint venture inks $43 million refi for 288-unit rental complex in Plainsboro
A joint venture has landed a $43 million loan to refinance a 288-unit apartment complex in Plainsboro, following a series of upgrades aimed at creating value at the property.
Mount Laurel warehouse sells for $32 million
An investment group has reaped $32.2 million from the sale of a nearly 300,000-square-foot warehouse in Mount Laurel, under a newly announced transaction by JLL.
Gebroe-Hammer closes $20 million in multifamily sales along Parkway corridor
Five apartment properties with a combined 117 units have changed hands in Essex, Union and Monmouth counties, in a series of newly completed deals by Gebroe-Hammer Associates.
Aberdeen retail asset trades for $2.3 million, Marcus says
An out-of-state buyer has paid $2.3 million for a 6,000-square-foot retail property in Aberdeen, brokers with Marcus & Millichap announced Wednesday.
Zoltek: 7-Eleven inks leases for new stores in Jersey City, Carlstadt
Convenience store chain 7-Eleven has found two new locations in northern New Jersey, leasing a combined 5,200 square feet at sites in Jersey City and Carlstadt.
Woodbridge: KBS inks 53,000 sq. ft. extension with BNP Paribas
A global banking organization has extended its commitment at a Woodbridge office park, where it occupies more than 53,000 square feet under a lease with KBS.
Vision, Rubenstein detail new Sax LLP lease at Parsippany office campus
One of the state’s top accounting firms will debut its new headquarters this summer, when it moves to a soon-to-be-transformed, two-building office campus in Parsippany.