Industrial
Developers, business groups launch ‘Circulate NJ’ coalition to tout logistics industry amid pushback to warehouse projects
Commercial real estate and business leaders have a launched new coalition to promote the benefits of New Jersey’s logistics sector and defend against rhetoric that has stalled a growing number of warehouse development projects in recent years.
Altman JV acquires Hamilton tract slated for 171,000 sq. ft. warehouse
Development firm Altman has lined up its second New Jersey project in less than a month, acquiring a parcel in Hamilton that’s slated for nearly 171,000 square feet of new logistics space.
PGIM inks $129 million senior loan to refi 1.2 million sq. ft. Cinnaminson warehouse project
PGIM Real Estate has closed more than $129 million in financing to the developer of a new 1.2 million-square-foot industrial property in Cinnaminson, the company announced Monday.
Tire business takes 6,500 sq. ft. in Roselle industrial deal, BRC says
A tire shop has leased 6,500 square feet at an industrial site in Roselle, brokers with Bussel Realty Corp. announced Monday.
Looking forward
As you’ll read in this month’s cover story, builders and advocates see New Jersey’s new affordable housing guidelines as a good starting point after more than a decade of uncertainty, conveying cautious optimism even as they confront the financial hurdles, legal battles and political debates that have slowed housing production in the past.
