Market Sectors
BWE sources $130 million first mortgage for 520-unit rental property outside New Brunswick
The owner of a new 520-unit apartment and townhome community in central New Jersey has secured $130 million in financing, in a transaction arranged by BWE.
Deluccia: Financial services consulting firm renews, expands in Somerville to 16,000 sq. ft.
A financial services consulting firm has renewed and expanded its lease in Somerville, where it now occupies more than 16,000 square feet at a prominent downtown property.
Breaking the mold
As you’ll read in this month’s cover story, a company known as Osmo has filled and activated nearly 60,000 square feet of new warehouse space in Elizabeth, unveiling a cutting-edge headquarters and production hub. The so-called digital scent company, which uses artificial intelligence to create custom fragrances, debuted the space in mid-May after what was an exhaustive but fast-paced search that wound up just south of Port Newark-Elizabeth. That involved several top players in New Jersey commercial real estate, including developers Kurv Industrial and Elberon Development Group. It also involved a skilled design team that helped with the facility’s highly specialized infrastructure, supporting the arrival of a business that has public officials understandably excited.
Prologis eyes early 2027 delivery for new 379,000 sq. ft. Bergen County warehouse
Prologis Inc. has broken ground on a 379,000-square-foot logistics facility in Maywood, expanding a footprint that already includes more than 100 properties in northern New Jersey.
Hudson Atlantic: Longtime owner sells 33-unit apartment building in Gloucester Township
A private investor has acquired a 33-unit apartment building in Gloucester Township for $4.5 million, marking the first sale of the asset in more than four decades.
