NAI Hanson’s Perkins, Todd win SIOR award for $156 million industrial outdoor storage deal

Two top brokers at NAI James E. Hanson have earned national honors for their role in the more than $156 million sale of a large industrial outdoor storage portfolio in Hudson County.

Bain Capital, OSC close $208 million deal for 784,000 sq. ft. North Jersey industrial portfolio

Bain Capital and Oliver Street Capital have acquired an 11-building, 784,000-square-foot industrial portfolio in northern New Jersey for $208 million, the firms announced Thursday.

Crow Holdings inks 156,000 sq. ft. industrial lease in Burlington with GMB North America

Crow Holdings Development has filled more than half of a new industrial building in Burlington, leasing 156,000 square feet to a subsidiary of global auto parts manufacturer GMB.

Greek enters Florida, buying 100,000 sq. ft. industrial building near Tampa for $23 million

Greek Real Estate Partners has expanded to Florida with its acquisition of a 100,000-square-foot industrial building outside Tampa, the company announced Thursday.

BGO, Anchor Health buy 41,000 sq. ft. Montclair medical office building for $17.9 million

A joint venture has acquired a nearly 41,000-square-foot medical office building and an adjacent parking garage in downtown Montclair for $17.9 million, in a deal arranged by CBRE.

Seasoned broker Wernick joins Branch Industrial as senior director

Boutique real estate advisory firm Branch Industrial has expanded its team with the addition of Jeremy Wernick as a senior director.

JLL inks $50 million financing deal for Burlington County rental property

The owner of a 275-unit multifamily property in the Burlington County township of Westampton has snagged $50 million in financing, in a newly announced deal by JLL.

Basking Ridge office leases among latest Chilmark deals in northern, central New Jersey

The owner of a nearly 116,000-square-foot office campus in Somerset County has inked four leases as part of a string of recent transactions by Chilmark Real Estate Services.

Turn market challenges into real estate wins

It’s no secret — this isn’t the market we had a few years ago. Interest rates are high, lending is tight and underwriting standards have become tougher across the board. In the Mid-Atlantic, particularly in New Jersey and Philadelphia, buyers are feeling the pressure.

Deals that used to move quickly now require sharper pencils, stronger balance sheets and a longer-term view. But here’s the thing: This kind of market creates real opportunity — for the right kind of investor.

Sanzari leases 4,500 sq. ft. in Elmwood Park to mental health practice

A mental health practice has leased nearly 4,500 square feet of office space in Elmwood Park, adding to the tenant roster at a building owned by Alfred Sanzari Enterprises.