As tenants adopt a more regional approach to industrial space, New Jersey brokers must do the same and expand their focus to the Lehigh Valley and other neighboring markets. Brokers now have an opportunity to provide their clients with additional options beyond the core submarkets of northern and central New Jersey, developers say, noting that many regional tenants have already grown comfortable with casting a wider net.
Even in Bergen County — the home of the highest-grossing retail ZIP code in the U.S. — owners and operators are in a race to evolve and face no shortage of challenges.
Gov. Phil Murphy on Tuesday visited the massive American Dream project in the Meadowlands, hailing the ongoing work of construction teams and the potential for long-term job creation at the 3 million-square-foot entertainment, retail and dining complex.
Mack-Cali Realty Corp. welcomed brokers and other industry professionals recently for an open house in Parsippany, where it showed off the types of new amenities and upgrades that are meant to transform its suburban office buildings.
Experts say Newark is enjoying not only a surge of new private-sector investment, but also a level of interest that is helping to break the stigma that has plagued it for decades.
A maintenance technician with Planned Cos. took home the gold at a recent competition hosted by the New Jersey Apartment Association, earning him a visit to a national event in San Diego.
Hundreds turned out recently to honor Sam Morreale, founder and managing partner of Vision Real Estate Partners, as part of the annual real estate award reception hosted by the March of Dimes North Central New Jersey.