Finance & Capital Markets

With an ever-growing and ever-changing pool of investors, capital markets activity in New Jersey is thriving like never before.

Office
Colliers: Pine Brook office building trades for $2.5 million

A private investor has paid $2.5 million for an office building just outside Parsippany, in a value-add deal brokered by Colliers International.

Finance & Capital Markets
N.J. team brokers $390M sale of retail assets in New York, Alabama

Brokers in HFF’s Florham Park office have closed a $390 million sale of a 4.5 million-square-foot retail portfolio spread across New York and Alabama, the firm announced.

Finance & Capital Markets
Hampshire, CrownPoint sell Harrison community

The developers of a 104-unit apartment complex in Harrison have sold the property about a year after opening in the growing transit hub community, brokerage firm HFF said Tuesday.

Retail
Marcus & Millichap brokers 15,000 sq. ft. retail sale in Somerset County

A retail center in Bridgewater has a new owner after a nearly $3.5 million investment sale arranged by Marcus & Millichap, the investment sales brokerage announced Monday.

Finance & Capital Markets
Investors pay $11 million for Piscataway office complex

A private equity group based in Atlanta has acquired two Piscataway office buildings after an $11 million deal orchestrated by Colliers International Group Inc.

Finance & Capital Markets
CBRE: Upgrades coming to Basking Ridge buildings after $9.6M sale

An investment firm will reposition two Basking Ridge office buildings after acquiring them from Mack-Cali Realty Corp., CBRE said Thursday after brokering the sale of the properties.

Retail
Hampshire sells retail site in upstate N.Y.

The Hampshire Cos. has sold a 10-year-old, single-tenant retail building just outside Albany, New York, the Morristown-based real estate firm said Wednesday.

Residential & Mixed Use
Gebroe-Hammer touts $1.4B in deals through three quarters

Gebroe-Hammer Associates has brokered more than 100 multifamily deals totaling some $1.4 billion in value through the first three quarters of 2016, the firm announced.

Finance & Capital Markets
Apartment high-rise in Somerset County sells for $54M

The developer of an apartment tower just outside New Brunswick has sold the building for $54 million, in a deal brokered by HFF’s New Jersey office.

Office
PSEG headquarters tower in Newark sells for $174.5M

A real estate investment trust has sold the Public Service Enterprise Group headquarters tower in Newark for nearly $175 million, according to the seller and brokers involved in the deal.