Industrial
I.CON panel: For spec builders in top logistics markets, it pays to wait to sign a lease

In today’s booming industrial market — with rents rising by the month and supply at unprecedented lows — developers are now grappling with a seemingly unprecedented question: How soon is too soon to sign a lease at a building that’s still under construction? According to some leading owners, it pays to wait.

Industrial
Brookfield acquires Ridgefield site, eyes 338,000 sq. ft. logistics center

Brookfield Properties is set to develop nearly 340,000 square feet of new industrial space in Ridgefield, following an affiliate’s purchase of a 19-acre parcel along Route 46.

Finance & Capital Markets
NAI DiLeo-Bram: Northern, central New Jersey investment sales bounce back in first half

Investment sales in a five-county swath of New Jersey rebounded in the first half of 2021, thanks to major deals in the industrial and office sectors and incremental growth in retail transactions.

Industrial
Brookfield fund acquires Somerset site, eyes 176,000 sq. ft. industrial project, CBRE says

An investment fund has acquired more than 15 acres in the Somerset section of Franklin, where it plans to break ground next year on a new 176,000-square-foot industrial building.