Newmark Associates has added to its brokerage team with the hiring of a longtime sales and marketing executive.
How do you stand out from the competition in commercial real estate? It’s one of the ultimate questions in virtually any industry, but a panel of developers weighed in recently before a group of brokers and others who do business in the Garden State. While their answers varied to some degree, the executives shared at least one common strategy: Go after the deals that your competitors would typically avoid.
A logistics firm has leased more than 260,000 square feet at a Heller Industrial Parks building in Edison, according to brokers with The Blau & Berg Co.
Commercial real estate in New Jersey remains a major draw for institutional investors, from regional banks to life insurance companies to the global private equity giant Blackstone. Executives from each of those institutions said as much on Tuesday during a conference hosted by the Rutgers Business School, offering a look at their investment strategy in both the Garden State and beyond.
Private investors have acquired a 425,000-square-foot warehouse in Elmwood Park that serves as a distribution center for Marcal paper products, according to brokers involved in the deal.
The owner of a six-building industrial park in Somerset County has completed 50,000 square feet in leasing activity, in a series of recent deals arranged by CBRE Group Inc.
An investment firm has acquired a former manufacturing building in New Brunswick and plans to convert it to a self-storage facility, according to brokers with Sheldon Gross Realty.
Brian Hosey has risen through the ranks of Marcus & Millichap and was hired in 2014 as the regional manager for its northern New Jersey office, where he now oversees a growing sales team of about 40 for the nation’s largest investment real estate brokerage firm for private clients.
A privately held distribution firm has sold an 85,000-square-foot warehouse in Woodbridge for nearly $10 million, in one of two recent transactions arranged by Zimmel Associates.