Mack-Cali Realty Corp. has reaped more than $70 million from the sale of a six-building industrial park in Westchester County, New York, its latest move to exit the flex warehouse business as it focuses on the Hudson waterfront in New Jersey.
In a time when investors have reaped windfalls from upgraded office buildings in New Jersey, CBRE’s capital markets team has been on the front lines — spearheading a host of high-profile deals involving newly stabilized, Class A buildings in the state.
A stronger 2018 helped New Jersey’s office market reverse the losses of the prior two years, Newmark Knight Frank found, thanks in part to healthier demand and leasing in some of the state’s key submarkets.
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.
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.
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.
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.
