Piscataway’s office market has bounced back in recent years, with rents rising and vacancy falling, thanks to new investment and redevelopment that have helped revitalize and right-size the township’s stock of buildings.
Demand for cold storage warehouse space nationwide, and particularly in the Garden State, is on fire, largely because of rising online fresh grocery sales and changing consumer preferences for fresher foods. Meeting that demand could prove challenging — given the cost and complexity of such projects and the need for specialization — but some developers are positioning themselves to be ready when users come calling.
New York-based real estate investment company Davco Group has acquired a six-building complex in Rockaway from The Silverman Group, in a sale orchestrated by Cushman & Wakefield.
National Realty & Development Corp. has signed leases with three new tenants for 58,690 square feet at Liberty Square Center, a 380,380-square-foot shopping center in Burlington.
Weiss Properties will develop 240 apartments, a 104-room Marriott Town Place Suites hotel and restaurant space at the intersection of Route 130 and Cedar Lane in Florence Township, the New Brunswick-based firm announced.
The Hampshire Cos. has announced the addition of five new employees to support its continued growth.
Technical changes to the 10-year-old Site Remediation Reform Act incorporate many lessons learned since the law was originally enacted, industry insiders said last week, as a bill that would update the program now awaits a decision by Gov. Phil Murphy.
A development and leasing team has broken ground on a 10,400-square-foot industrial and flex space in Sparta, the first of two new buildings slated for a nearly 32-acre complex.