Where have commercial real estate investors and lenders found unexpected (or lesser-known) opportunities in 2018? We assembled a panel of industry experts to tackle our recent roundtable question.
Avison Young touts lease-up, $21 million refinance at upgraded flex building
The owners of a 114,200-square-foot flex industrial building in Bergen County have leased up the property and refinanced for $21.1 million, following a series of transactions arranged by Avison Young.
Pierson announces promotion for retail broker
Pierson Commercial has promoted one of its brokers to the position of director.
Investors debut rehabbed affordable housing in Jersey City (SLIDESHOW)
A joint venture has completed its rehabilitation of Jersey City’s largest privately held Section 8 housing complex, a 483-unit property near the city’s Journal Square section.
JLL senior VP named head of project, development services in N.J.
JLL has named a new head of project and development services in New Jersey.
PS&S strengthens design, engineering platform with four new hires
John Sartor, CEO and president of PS&S By Joshua Burd PS&S has announced four new hires, including a new head of its building services group and three additions to its land services team. The Warren-based architecture, engineering and environmental consulting…
Gebroe-Hammer inks $32.6 million sale of Woodmont property in Bridgewater
Woodmont Properties has sold a 100-unit apartment complex in Bridgewater for more than $32 million, in a sale announced by Gebroe-Hammer Associates.
DEP plans new and improved online permitting system, commissioner tells NAIOP
The Department of Environmental Protection is taking a page out of the TurboTax playbook — at least when it comes to permitting for land use and other areas — with plans to roll out a new electronic submission system for more than 100 permit activities in its ongoing effort to streamline New Jersey’s regulatory structure.
Which types of tenants or industries hold the greatest upside for New Jersey’s office market?
We assembled a panel of industry experts to tackle this month’s question. Here’s what they had to say. Edwin H. Cohen, principal partner, Prism Capital Partners (Bloomfield) Without a doubt, life sciences has emerged as a dominant sector fueling New…
Transit hub markets speed away from competition
Office buildings within the state’s transit hub market record lower vacancy rates and higher rents compared to suburban spaces, according to JLL’s annual research report. Companies continue to pursue office space in proximity to walkable amenity-rich areas and with access to mass-transit options for their workforces and clients.
