JLL: Buyer wanted for 632-unit luxury rental property near Princeton

A collection of more than 630 apartments just outside Princeton is on the market for sale, with the potential to command offers around $200 million.

Birch Group buys Princeton-area office buildings for $47 million, expanding portfolio

An investment firm has added to its collection of high-end suburban office buildings in New Jersey, acquiring a two-building, 213,000-square-foot portfolio in the Princeton submarket.

Jersey City apartment owner secures $43 million bridge loan, JLL says

The owner of a newly completed, 104-unit luxury apartment building in Jersey City has secured a $43 million bridge loan, under a transaction arranged by JLL.

Lighting, medical tech companies lease 47,000 sq. ft. at Bridgewater campus

A lighting company has leased nearly 29,000 square feet at a Bridgewater office campus, in the larger of two newly announced transactions by Avison Young.

Goldstein Group inks sales of retail sites in Paramus, Eatontown

Columbia Bank has shed a nearly 1,800-square-foot former bank branch in Paramus, according to a brokerage team with The Goldstein Group.

The Real Estate NJ events calendar

Your guide to the busy event circuit for New Jersey’s commercial real estate industry.

The Rock Brook Consulting Group: Pushing the limits of design

As we adapt to a new way of living and working amidst a global pandemic, the concept of adaptive reuse has been more attractive than ever. For commercial real estate, the strategy of repurposing empty, ubiquitous office space into profitable areas has been a game changer in reducing low occupancy rates and reviving development deals.

Industrial developers, it’s time to upgrade your contractors pollution liability policy

Institutional capital is abundant, and often times this capital is deployed to warehouse development opportunities to support global supply chains.

Like-Kind Exchange: What Real Property Can Do For You

The IRS recently released long awaited guidance on Sec. 1031 (like-kind exchanges) and defines what property qualifies for the deferred tax treatment. With the enactment of Tax Cuts and Jobs Act (TCJA), rules provide that no gain or loss is recognized on the sale or exchange of “real property” held in a trade or business or for investment. Prior to the TCJA, “personal property” (like automobiles, machinery or equipment) applied for the deferral. This change means a real estate investor recognizes gain to the extent of money and personal property ineligible for the tax deferral.

Planting the Seed for A Greener New Jersey: The Intersection of Legal Cannabis and Real Estate in the Garden State (Part 2)

The current version of the New Jersey Cannabis Regulatory, Enforcement Assistance, and Marketplace Modernization Act, which was passed by the state Legislature on December 17, 2020, provides a framework for legalizing recreational cannabis in the state, including six different classes of licenses to be considered by those looking to enter the cannabis business marketplace. As we discussed in Part I in our series on cannabis, early identification of an ideal region and/or municipality for the proposed licensed premises is critical to success. However, there are a host of other factors and potential snags that an applicant must take into consideration before selecting a location.