The Stro Cos. has acquired a 45,000-square-foot light industrial building at the nexus of three major highways in Elmwood Park, the commercial real estate firm said Monday.
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.
‘Fierce competition’ in focus at Rutgers CRE finance summit
For a market that is seeing an extended growth period, it isn’t all that complicated to sum up what exactly is driving the major trends in commercial real estate lending: Fierce competition. At least, that’s according to panelists at a recent conference hosted by the Rutgers Center for Real Estate, where lenders and other experts gathered to discuss the state of commercial real estate finance in New Jersey and beyond.
A growth industry in the making
Insiders say that now is the time to discern which municipalities will be receptive to the prospect of legalized recreational cannabis, if and when it becomes a legal industry in New Jersey. That prospect is likely many months from being a reality, if not more, but the concept has the support of Gov. Phil Murphy and several well-known lawmakers.
