A family partnership has sold six apartment buildings in Bergen County, fetching more than $22 million for the 132-unit portfolio after six decades of ownership.
Cushman & Wakefield has added more than 9 million square feet in recent months to its property management portfolio in New Jersey, while bolstering the team that oversees the service line.
The year ahead is poised to bring more of the same for New Jersey’s teeming industrial market: a seemingly insatiable demand for modern space that is fueling millions of square feet in new development. Here is the list of top 10 industrial projects under construction in the region.
A developer has won local approval to repurpose a shuttered hospital complex in Plainfield, where it plans to invest $57 million to build 120 apartments and a new medical arts complex.
An investment group has paid $200 million to acquire the former Revel Casino Hotel in Atlantic City, with plans to renovate and reopen the nearly six-year-old property this summer.
The new owner of Morris Corporate Center III is set to rebrand the property, having hired JLL to market and lease the 541,000-square-foot office complex.
Industrial leasing in northern and central New Jersey topped 40 million square feet for the third consecutive year, Colliers International said Friday, thanks to a surge to close out 2017.
Despite suffering the largest occupancy losses in nearly a decade, the northern New Jersey office market emerged from 2017 with reasons to be optimistic.
Large industrial sites in northern New Jersey now cost an average of nearly $1.8 million per acre, CBRE found, as surging demand and the scarcity of land continue to drive up pricing.
