Uncategorized

Industrial
JLL expands Northeast industrial team with two Pennsylvania brokers

JLL has added two veteran Pennsylvania brokers to its regional industrial team.

Professional Services
Avison Young tenant, occupier solutions professional named principal

Avison Young has named a new principal in New Jersey, promoting an industry professional with more than a decade of experience in tenant representation and occupier solutions.

Residential & Mixed Use
Laundry services business names new vice president of sales

A provider of commercial laundry solutions for the multifamily industry has hired a new vice president of sales.

Policy Page
Re-entry to the new workplace in a post COVID-19 reality

With eyes on recovery, Gov. Phil Murphy has formed a “cabinet-level” advisory commission to focus on the macro issues, including resilience, infrastructure and messaging, and a Restart and Recovery Advisory Council with subcommittees to work out the details of how and when various sectors of the workforce will resume operations. Landlords and tenants will confront myriad issues as the stay-at-home restrictions are lifted and businesses reopen under a new set of protocols.

Residential & Mixed Use
NJBA installs new officers, including Canuso as 67th president

A longtime homebuilding executive has taken the reins as president of the New Jersey Builders Association, with a mission that includes helping it navigate the ongoing public health crisis.

Events
NAIOP industrial conference going virtual this year, association says

I.CON, the annual mass gathering of industrial real estate professionals, is going virtual.

Industrial
Sitex adds 172,000 sq. ft. Meadowlands warehouse, two other sites

Sitex Group has acquired a 172,000-square-foot warehouse in Lyndhurst, in the largest of three newly announced additions by the real estate investment firm.

Residential & Mixed Use
Leasing teams turn to virtual tours, platforms to lure renters during stay-at-home order

In-person tours have been curtailed and lease numbers are down, but virtual tours are helping luxury apartment buildings bring in renters in this time of social distancing. The virtual elements are so useful, in fact, that building representatives said they’ll keep using them after the coronavirus crisis is over.

Industrial
Bridge, beverage company ink 420,000 sq. ft. lease at Warren County industrial park

Bridge Development Partners has lured a second tenant to its new logistics park in Warren County, inking a nearly 420,000-square-foot lease with a well-known beverage company.

Office
Merck moving headquarters back to Rahway, reportedly selling Kenilworth site

Merck & Co. is leaving its Kenilworth headquarters and returning its front office to Rahway, in a move that is slated to take place by the end of 2023.