Saxum Real Estate has welcomed a new director of investments for its industrial platform, tapping a veteran executive to spearhead its growth in the asset class.
The owner of a Cherry Hill office building has leased more than 150,000 square feet to Camden County, capping a two-year string of deals to bring the property to full occupancy.
J.G. Petrucci Co. Inc. has named a new managing director of senior housing as it looks to grow its footprint in the niche asset class.
Three tenants have combined for nearly 34,000 square feet in leasing volume at a three-building, 264,000-square-foot office park in Edison, according to NAI DiLeo-Bram & Co.
A new Old Navy store has come to a 62,000-square-foot shopping center in Kearny, in a newly announced transaction by Welco Realty Inc.
As the real estate market remains strong, and property values continue to rise across many asset classes, commercial property owners need to be aware of the growing trend with municipalities aggressively seeking to substantially increase tax assessments for commercial properties by filing their own tax appeals.
On Nov. 8, 2021, New Jersey enacted N.J.S.A. 55:13A-7.19, setting forth new requirements for landlords of multifamily dwellings. The law was designed to supplement the existing Hotel and Multiple Dwelling Law (N.J.S.A. 55:13A-1 et seq.), which is enforced by the Department of Community Affairs’ (“DCA”) Bureau of Housing Inspection. Under the new law, landlords of multifamily dwellings must provide tenants and prospective tenants with specific information regarding emergency contact instructions and how to contact social services for assistance.
Redevelopment activity in the New York Tristate Region is searching for direction. Post-pandemic, there is pressure to redefine business, retail and residential redevelopment programs. The revised target forces everyone to take a longer look and a broader view of the various impacts this redefinition may bring.