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.

Industrial
Relocation service firm acquires Irvington warehouse, NAI Hanson says

A commercial moving service is relocating from Staten Island after acquiring a 20,100-square-foot industrial building in Irvington, a broker with NAI James E. Hanson said Tuesday.

Government & Public Policy
Developers: State, federal reforms bring uncertainty for CRE industry in 2018

For all of the looming questions about federal tax reform, the state’s commercial real estate sector is also facing uncertainty about the impact of a new governor and Legislature.

Industrial
Parts distributor takes 3,100 sq. ft. in Bergenfield, NAI Hanson says

An automotive and truck parts distributor will join the tenant roster at a Bergenfield commercial building, following a 3,100-square-foot lease arranged by NAI James E. Hanson.

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.