The rapid rise in interest rates has caused a sudden slowdown and growing uncertainty in New Jersey’s investment sales market, leading buyers to reassess their plans in the near term, while placing newfound pressure on even the strongest asset classes.
Cushman & Wakefield has negotiated the sale of a 44,400-square-foot life sciences building in Plainsboro, the brokerage team announced Thursday.
The longtime owner of a 14-unit apartment building in New Brunswick has sold the property for $1.8 million in cash, in a deal arranged by The Kislak Co. Inc.
PREIT has sold Vineland’s Cumberland Mall and several outparcels for $45 million, shedding another piece of its South Jersey portfolio to help reduce a reported $1.8 billion in debt.
The real estate industry has become a growing target for cyberattacks. Real estate transactions require valuable and sensitive information, including personal and financial details for buyers, sellers and real estate organizations.
Up until the last few months, this year was great. Rates were relatively low, and I was proactively advising clients to take advantage of the market while it was tame. However, since the market has taken a turn, it has been even more important to advise clients in a way that is transparent and focused on their specific goals. Knowing your client and knowing what their goals are will allow you to help them during a time when the market is great, and conversely at times when the market is not so great.
Many of DMR Architects’ professionals have been with the firm for 20 years or more, thanks in large part to its focus on mentorship, corporate culture and the freedom to explore new areas and new technology.
Every day brings news about the market growth of electric vehicles. But before the conversion to fully electric, self-driving vehicles comes to fruition, New Jersey must provide the infrastructure for this coming transportation revolution to thrive.
By Kristian Cichon, ME, BE, Director of Acquisitions Deugen Development The New Jersey industrial market has managed to continue its historic pace of rising rents and new development, while vacancy rates have remained below 2 percent. This unprecedented demand from…