Finance & Capital Markets

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

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.

Finance & Capital Markets
Essex County office park offers reuse potential, HFF says

A four-building, 403,379-square-foot office park has hit the market in West Orange.

Finance & Capital Markets
Value-add group acquires Mack-Cali building in Bergen County

Mack-Cali Realty Corp. has sold a 208,000-square-foot office building in Upper Saddle River, in a $19.7 million sale brokered by CBRE.

Finance & Capital Markets
HFF marketing Hoboken apartment complex

The owner of a two-building, 128-unit apartment complex in Hoboken has tapped HFF to sell the property, with brokers touting a “substantial value-add potential” in the state’s strongest rental submarket.