Cover Story
Investors take pause, reassess as interest rates shock commercial real estate market
The rapid rise in interest rates has caused a sudden slowdown and growing uncertainty in New Jersey’s investment sales market, leading buyers to reassess their plans in the near term, while placing newfound pressure on even the strongest asset classes.
Insiders: New Jersey office market still ripe for large, blue-chip deals in age of hybrid work
Market experts say large, high-profile office deals are likely still to come in New Jersey, despite the push for hybrid schedules and lingering questions about the return to work.
Prologis eyes continued push in New Jersey, New York with a team that has doubled since 2019
Prologis Inc. has grown to about 65 employees in New Jersey and New York to support its expansion in the region, nearly double its headcount from just three years ago, reflecting the growth of its footprint during that time from 37 million to 44 million square feet.
LCOR, NJ Transit seek to reopen historic ferry building as part of high-profile Hoboken project
Development firm LCOR is seeking to revitalize the long-dormant, two-story ferry terminal in Hoboken — envisioning uses such as event space, market-style retail and other concepts — in what could be the centerpiece of a plan to transform the city’s historic transit hub.
Camden leaders focused on new housing, population growth after years of large corporate projects
After years of high-profile public and corporate development projects, Camden city officials say new housing is key to convincing the thousands of employees who now come to work in the city each day to also live there.
