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.

Professional Services
WCD: New and improved cost cap insurance could spur additional environmental cleanups

A consulting and engineering firm has teamed with a global insurance agency to expand coverage for environmental cleanups, with the goal of spurring remediation at sites that are otherwise seen as too costly or risky for property owners to take on.

Policy Page
It’s time to push the reset button on New Jersey’s ‘municipal madness’

Our next governor and new Legislature best be laser-focused on two immediate priorities: investing and deploying critical resources into our transportation system and stimulating permanent property tax reductions through shared services and municipal consolidations.

Professional Services
Babineau joins Rutgers real estate center executive committee

One of the state’s top real estate attorneys has joined the executive committee at The Center for Real Estate at Rutgers Business School.

Finance & Capital Markets
HFF brokers $10 million in loans for South Jersey industrial trades

Investors have acquired three industrial buildings in Burlington County, thanks in part to nearly $10 million in financing secured by brokers with HFF.

Sponsored Content
Trend Watch Oct. 23: Industrial rent growth continues, for certain areas it really continues

Northern and Central New Jersey have seen industrial asking rent growth of 11.5 percent year-over-year. The Exit 10 submarket increased 17.8 percent year-over-year, driven by an increase of Class A space with asking rents as high as $9.25 per square foot.

Industrial
Hampshire sells Hackettstown flex, industrial complex to Devli Group

The Hampshire Cos. has sold a nearly 200,000-square-foot flex and industrial park in Hackettstown, along with roughly eight acres of developable land nearby.

Finance & Capital Markets
Growing NKF capital markets team picks up seven assignments

Newmark Knight Frank is marketing four office and industrial properties for sale in northern and central New Jersey, along with a construction-ready development site in Bergen County.

Finance & Capital Markets
HFF: Investment firm buys 26-building Mack-Cali portfolio in South Jersey

Mack-Cali Realty Corp. has sold a 1.2 million-square-foot office and flex portfolio in Burlington County, according to brokers with HFF who marketed the buildings.

Industrial
Hampshire, First Westwood unveil ‘integrated’ self-storage building in downtown Westwood (SLIDESHOW)

The newest building in downtown Westwood has the look and feel of many other properties in the neighborhood, yet it’s unlike anything else in the central business district. Jon Hanson knows that to be a winning formula for a self-storage project.

Event Coverage
ULI honors standout projects, CRE leaders at annual awards dinner (SLIDESHOW)

Eight projects and two key figures in New Jersey commercial real estate were among the honorees at an annual awards dinner hosted by the Urban Land Institute’s Northern New Jersey chapter, which drew a crowd of development executives and professionals.