CBRE: Online returns, ‘reverse logistics’ fuel added demand for industrial space and 3PLs

The e-commerce explosion has fueled a surge in online returns — especially during the holiday season — driving additional demand for industrial space in New Jersey and nationally.

RKF named leasing agent for Maxwell’s in Hoboken

The owner of a landmark music venue and restaurant in Hoboken has hired RKF to market the property to prospective new tenants.

The best of The Briefing 2018

As we wind down the year, we’re excited to bring you a recap of our top stories of 2018, including our most-read items and a few editor’s picks. You can catch up on our daily “best of” emails below. We will also keep you updated in the event of any breaking news.

Hampshire acquires Hackensack site, its first Opportunity Zone investment

The Hampshire Cos. has made its first investment under the federal Opportunity Zone program, acquiring a parcel near Hackensack University Medical Center that it will redevelop as part of a joint venture.

East Orange developer details plans for 201-unit apartment tower

A developer is on track to break ground on a new 18-story luxury residential tower in East Orange after winning approval for a payment in lieu of taxes agreement.

Kearny Point, Bell Works among sites eligible for EDA rent grants for startups

The state has approved nine locations at which technology or life sciences startups can apply for rent support grants that would help them move into incubators, accelerators or co-working spaces, including some of New Jersey’s largest redevelopment projects.

Atlantic Realty begins construction for 1,200-unit town center project in Ewing (UPDATED)

Atlantic Realty Development Corp. has broken ground on a project that will bring nearly 1,200 apartments and 120,000 square feet of commercial space to the former site of a General Motors plant in Ewing.

Parting thoughts: Outgoing NAIOP New Jersey president reflects on chapter’s growth — and continued priorities

As Dave Gibbons wraps up his two-year term as NAIOP New Jersey’s president, he says the organization has made strides with public policy goals such as a new performance bond law and liquor license reform, while growing to nearly 850 members to become the association’s sixth-largest chapter in the country. But he believes there is always more work to be done in both the legislative arena and when it comes to networking and recruitment.

Washington preps for divided government in 2019: New Jersey may benefit

A newly elected Congress returns in January with Republicans enjoying a slightly expanded majority in the Senate and Democrats taking charge of the House of Representatives for the first time since 2010. I believe that the shift of power in the House to a Democratic majority has opened some opportunities for those of us in New Jersey commercial real estate.

Paramount debuts 7-Eleven at historic bank property in Newark

Paramount Assets has completed its adaptive reuse of a historic bank building in Newark’s Ironbound section, welcoming 7-Eleven as the last of its two tenants.