Industrial

Owning or leasing industrial space in New Jersey means you’re within one day’s drive of one-third of the nation’s population. That means the state continues to be a hotbed of warehouse and logistics activity.

Trend Watch
Trend Watch Dec. 11: Strong pre-leasing drives construction across the industrial sector

Pre-leasing rates of 89.3 percent on 2017 deliveries prompt developers to put shovels in the ground at record levels. 2 million square feet forecast for delivery in 2018 surpasses anything seen this cycle.

Professional Services
A new way to invest: NAI DiLeo-Bram launches online equity raising platform

NAI DiLeo-Bram & Co. has unveiled a new online equity raising platform, seeking to tap into the future of private real estate investing and expand the pool of would-be investors.

Industrial
Avison Young touts sale of 46,000 sq. ft. Bridgewater industrial building

The new owner of a Bridgewater industrial building plans to convert the property to an indoor athletic training center, following a sale arranged by brokers with Avison Young.

Government & Public Policy
At NAIOP forum, coalition unveils playbook for redevelopment policy

A group of commercial real estate leaders gathered Tuesday to unveil a new policy agenda to promote smart growth and redevelopment, urging lawmakers and Gov.-elect Phil Murphy to take action that will help New Jersey stay competitive in the years to come.

Industrial
Woodbridge warehouse sells for $6.3 million, BRC says

A private investor has paid more than $6.3 million to acquire a 55,000-square-foot industrial building in the Avenel section of Woodbridge, according to Bussel Realty Corp.

Government & Public Policy
High-powered industry coalition seeks to provide a roadmap for new governor, Legislature

A coalition of commercial real estate industry leaders has unveiled a new set of proposals for Gov.-elect Phil Murphy and state lawmakers, seeking to refine policies that have spurred economic development in recent years and address some of New Jersey’s most glaring needs.

Professional Services
Regulations: Continue the progress of DEP reform

A nearly 10-year-old law that placed environmental cleanups in the hands of private-sector experts has been hailed as a triumph and a sea change for the state’s development community. But the Smart Growth Economic Development Coalition says there is still much room for improvement.

Industrial
Making land: Addressing the supply problem

The Smart Growth Economic Development Coalition has developed a plan for what it describes as “making land” in the heart of northern New Jersey. That means everything from repurposing government-owned facilities in prime locations to having the state take a lead role in acquiring, assembling and cleaning up individual parcels in order to create large development sites near the port.

Professional Services
Environmental consulting firm touts four new hires

Atlantic Environmental Solutions Inc. has bolstered its team with the addition of four new hires.

Government & Public Policy
Leadership lessons in a rapidly changing world

NAIOP’s premier industry event this fall was CRE.Converge 2017 in Chicago, which attracted nearly 1,500 attendees from across North America. Held Oct. 10 to 12, the conference provided valuable insights into cutting-edge trends in the commercial real estate industry and projections for the future.