As an investment opportunity, 800 Scudders Mill Road checked just about every box. A state-of-the-art, trophy office complex that was only three years old. A prime location just outside Princeton. And, perhaps most important of all, a net lease with a blue-chip, global pharmaceutical giant, Novo Nordisk Inc., with a longstanding presence in the market.
For a company that had been in the U.S. for nearly three decades, it was only about four years ago that the conglomerate known as China State Construction Engineering Corp. suddenly caught the attention of New Jersey’s commercial real estate market.
Far Eastern investors have accounted for most of the high-profile deals over the last year or so, but it was a Middle Eastern platform, KFH Capital Investment Co., that made the biggest splash in the fourth quarter of 2016.
Leaders of the Rutgers Center for Real Estate aim to make it the top academic and research program of its kind, one that helps improve the industry and provides a link between the state’s top real estate firms and the next generation of professionals.
NJ Realtors opened its new 20,000-square-foot headquarters on Hamilton Avenue last September, marking the completion of one of the city’s few ground-up construction projects in recent years.
It took an engineering feat for Advance Realty to build one of Hoboken’s newest mixed-use projects. It also helped the firm attract one of the city’s most highly anticipated retailers.
For all of the engineering prowess that it took to excavate the site of Advance Realty’s new apartment building in Hoboken, there are some things you just can’t plan for.
The political events of 2016 have ushered in a New Year that will be marked by dramatic change at both the federal and state levels.
Even after accounting for the fact that interest rates and expected inflation jumped after Donald Trump’s election, I would guess there is a 20 percent possibility that short-term interest rates become negative in the next two years.