Top News

Industrial
Developers, adapting to changing market, near completion of massive Linden industrial park

A sprawling industrial park in Linden is nearing completion after four years of construction, a span in which warehouse demand soared to historic highs before a recent pullback, as its developers mull plans to tap into the growing market for outdoor trailer storage.

Finance & Capital Markets
JLL sources $250 million credit facility on behalf of Hampshire retail, self-storage REIT

Affiliates of The Hampshire Cos. have secured a $250 million credit facility for a real estate investment trust focused on retail and self-storage properties, brokers with JLL announced.

Professional Services
H2M acquires Butler-based Crew Engineers to strengthen water, environmental practice

H2M architects + engineers has completed its acquisition of Crew Engineers Inc., a Butler-based firm focused on water, wastewater, environmental and civil engineering design work.

Events
History, legacy in focus as Hanson family marks 100 years in commercial reaI estate

A century of New Jersey commercial real estate history took center stage last month, as three generations of the Hanson family gathered to mark its 100th anniversary in the industry.

Industrial
Shearer, NAIOP New Jersey ready for more proactive approach to anti-warehouse sentiment

Rockefeller Group’s Mark Shearer has kicked off a two-year term as NAIOP New Jersey’s chapter president, with plans to expand outreach to highlight the value of warehouse projects amid increasingly fierce resistance to development in the state.

Industrial
Stonemont closes on Passaic parcel, plans 296,000 sq. ft. spec industrial development

Stonemont Financial Group has acquired some 20 acres in Passaic where it plans to build nearly 300,000 square feet of new high-end industrial space just off Route 21.

Events
Cushman’s Donnelly among honorees slated for NAIOP New Jersey’s 36th annual gala

Veteran office broker Robert Donnelly will receive NAIOP New Jersey’s lifetime achievement award later this year, one of several honorees unveiled Thursday by the commercial real estate association.

Residential & Mixed Use
Blue Onyx prepares for pivot to large-scale urban projects, maintaining focus on social impact

Blue Onyx Cos. is filling its pipeline with larger, more ambitious development projects in Paterson and other urban markets, with an eye toward major multifamily and mixed-use investments that it says will still provide social impact and affordably priced homes.

Hospitality & Tourism
Blatstein details $50 million room, common area renovation at Showboat

The owner of Showboat in Atlantic City is detailing plans for a $50 million renovation as construction continues on a massive indoor water park at the iconic Boardwalk property.

Office
JRM completes renovation of Langan’s new Princeton-area office (SLIDESHOW)

JRM Construction Management has completed the build-out of Langan’s new office in the Princeton market, the firm announced Tuesday.