Industrial
AY: Despite demand, New Jersey starved for new cold storage space

New Jersey remains one of the nation’s most underserved markets for cold storage space, despite its potential to share in the expanding market for fresh food and online grocery delivery.

Office
Amazon eyeing locations outside Newark for HQ2, reports say

Newark appears to have fallen short in its bid to land Amazon’s coveted second headquarters, with published reports indicating that the company is leaning toward New York City and northern Virginia as part of a split location.

Industrial
After a decade of success, Dermody begins final phase of Logan Township industrial park

Dermody Properties’ 1,100-acre logistics park in Logan Township has attracted a long list of well-known users over more than decade. And the firm is now set to enter its last phase of development — breaking ground on two buildings that will add another 563,000 square feet to the portfolio.

Editor’s Note
Redrawing the map for industrial

As you’ll find out in this month’s cover story, developers and brokers that have long focused on New Jersey are now stretching beyond the traditional boundaries of the state’s industrial market. And they are stretching them in every direction — for different reasons — in their quest to keep pace with tenants that are adopting a more regional approach.

Industrial
TIAA sells 617,000-square-foot Amazon distribution center for $147 million

An institutional investor has paid more than $147 million to acquire a 617,000-square-foot Amazon fulfillment center in Teterboro.

Retail
Experts: Supreme Court’s ‘Wayfair’ ruling will have broader impact on taxes than real estate

A recent ruling by the U.S. Supreme Court will likely raise the cost of some online sales and provide an infusion of revenue for New Jersey’s state coffers, but its impact on commercial real estate may be limited.

Government & Public Policy
Amazon HQ2: Newark council approves $2 billion incentive package

Newark city officials have formalized a $2 billion incentive package meant to attract Amazon’s second headquarters project, one that could also be used to lure other companies that would deliver a similar economic impact.

Office
Newark’s construction boom is bolstered by a long-awaited change in perception, CBRE says

Experts say Newark is enjoying not only a surge of new private-sector investment, but also a level of interest that is helping to break the stigma that has plagued it for decades.

Industrial
CBRE industrial broker earns top national honors for 2017

A veteran broker with CBRE was the firm’s top industrial producer in the Americas in 2017, with a series of deals headlined by high-profile transactions in Edison and Perth Amboy.

Industrial
Amazon announces newest South Jersey fulfillment center

Amazon has taken the wraps off its newest fulfillment center in New Jersey, a 650,000-square-foot facility in Gloucester County that will house more than 1,000 employees.