Top News

Office
Mack-Cali inks $488 million sale of 3.1 million sq. ft. flex portfolio

Mack-Cali Realty Corp. has agreed to sell a 56-building, 3.1 million-square-foot office and flex portfolio for nearly $490 million, which it will use to pay down debt and fund its purchase of a Jersey City apartment building.

Retail
Mavis Tire opens in Howell, Goldstein Group says

A new Mavis Discount Tires location has opened its doors in Howell, following a 6,000-square-foot lease arranged by The Goldstein Group.

Residential & Mixed Use
Weehawken rental project hits leasing milestone after one month

A joint venture is off to a fast start at a new 236-unit luxury rental property in Weehawken, having leased nearly 60 apartments in only a month.

Office
Bank acquires Fort Lee building, eyes expansion with EDA incentive

A Fort Lee-based bank is eyeing a major expansion in the borough, having acquired a 70,000-square-foot office building with plans to hire 250 new employees in the coming years.

Government & Public Policy
Developer, finance firm eye Opportunity Zone projects in Central Jersey

A developer has teamed with a New York-based finance firm to launch a new Opportunity Zone fund platform, with a focus on mixed-use projects in central New Jersey.

Office
Hollister debuts new Nuts.com HQ in Jersey City (SLIDESHOW)

Hollister Construction Services has completed its build-out of the new Jersey City headquarters of Nuts.com, a space that includes everything from swings and bleachers to a wall of dispensers with the company’s signature snack products.

Office
Quest breaks ground on 250,000 sq. ft. lab facility in Clifton

Construction is underway at Quest Diagnostics’ new flagship laboratory in Clifton, a planned 250,000-square-foot facility that is slated to become the largest in its vast portfolio.

Finance & Capital Markets
Investor demand still strong in New Jersey as buyers seek safety, certainty in commercial real estate

With 2019 underway, competition among commercial real estate investors has only intensified in New Jersey, largely around properties that offer some level of safety in the later stages of the economic expansion.The Garden State is by no means alone in that regard, but brokers and other experts say they expect demand to stay robust in the near term, citing everything from Wall Street volatility to the continued arrival of buyers from other markets.

Industrial
With opportunities scarce, deal volume slows for New Jersey industrial sales

The struggle continues for investors looking to buy industrial properties in New Jersey, where prices remain high but sales volume remains low compared to other major markets.

Residential & Mixed Use
Long Branch condo project halfway complete, developer says

The developer of a new condominium project in Long Branch is more than halfway through construction, having sold 40 percent of the complex’s 47 oceanfront homes.