CBRE inks $150 million loan for Mack-Cali office building in Hoboken

Mack-Cali Realty Corp. has secured a $150 million loan to refinance a waterfront office building in Hoboken, brokers with CBRE announced Tuesday.

Rockefeller breaks ground on 900,000 sq. ft. spec distribution center in Edison

Rockefeller Group has started construction on a 900,022-square-foot distribution center in Edison, where it is redeveloping the former site of an ExxonMobil research campus.

CBRE touts Essex County apartment sales totaling $13.6 million

An investor has paid more than $7.3 million for a 47-unit apartment building in Orange, CBRE said, in the largest of four newly completed transactions in Essex County.

IT services, construction firms ink leases at Somerset office building, C&W says

Two tenants have combined to lease nearly 5,000 square feet at a two-building, 208,000-square-foot office building in Franklin Township, according to Cushman & Wakefield.

New 416,000 sq. ft. industrial project in Kearny slated for early 2020 delivery

CBRE is detailing plans for a new 415,533-square-foot industrial building under construction in Kearny, where it is serving as the leasing agent on behalf of Seagis Property Group LP.

Hampshire sells 1.3 million sq. ft. industrial portfolio, CBRE says

The Hampshire Cos. has sold a 30-building, 1.3 million-square-foot industrial portfolio in New Jersey to Colony Industrial, in a newly announced transaction by CBRE.

Online fashion reseller takes 105,000 sq. ft. at revamped Moonachie building

An online market for preowned fashion accessories is leasing more than 100,000 square feet of industrial space in Moonachie, under a recent transaction with EverWest Real Estate Investors.

CBRE: Investor buys net-leased Lodi retail building for $53 million

An investor has acquired a 132,000-square-foot, triple-net-leased Home Depot property in Lodi for $53 million, under a newly completed transaction by CBRE.

CBRE: Garden, high-rise apartment portfolio fetches $146 million

A longtime New Jersey apartment owner has reaped $146 million from the sale of seven properties in Essex, Monmouth and Mercer counties, brokers with CBRE said Tuesday.

Long overdue

In our July issue, we detail the efforts of New Jersey’s largest brokerage and service firms to support diversity and inclusion among their employees. This is nothing new for industry giants like CBRE, JLL and Cushman & Wakefield, but it’s become increasingly clear that these efforts are critical to recruitment, retention and overall employee culture. It’s why you’ll find these firms taking pains to promote and cultivate networking groups tied to gender, racial, lifestyle and other forms of diversity. That only stands to grow in our own local market and globally.