Russo Development and Dinallo Construction recently hosted a grand opening and tour of Waldwick Station, a new transit-oriented, 110-unit luxury apartment community in Waldwick.
Trend Watch Nov. 28: Big-box leasing activity continues a climb
Twelve leases greater than 500,000 square feet closed throughout northern and central New Jersey, an increase of 33.3 percent year-over-year and a pace expected to outpace year-end totals for 2016. Big-box leasing has tripled as traditional retailers and e-commerce companies —representing 75.0 percent of big-box leasing for 2017 — continued to expand their distribution networks.
The Amazon effect: The e-commerce giant has infiltrated every major asset class in New Jersey
Amazon has long been known for having a profound impact on the bricks-and-mortar retail business. But as it turns out, that’s only one piece of the story of how the e-commerce powerhouse is transforming commercial real estate. New Jersey is poised to feel that impact as much as any other state in the country.
All hands on deck: How Newark’s bid for Amazon HQ2 rallied landlords, city officials
While there are still months to go before Amazon reveals it selection for its HQ2 project, making the pitch has rallied developers and public-sector leaders in Newark in a way that the city hasn’t seen in recent memory. That show of unity was only amplified on Oct. 16, when Gov. Chris Christie announced that the state would officially support the city’s bid, even as several other cities in New Jersey jockeyed for the project.
