Industrial tenants are still yearning for the types of modern, high-end logistics spaces that have flooded the market in recent years. When they may actually sign a lease is not nearly as certain.
CBRE has bolstered its team in the greater Philadelphia region with the addition of veteran brokers Ashley Parrillo, Anthony LiVecchi and Peter Barnes.
Woodmont Industrial Partners and Brookfield Properties have broken ground on a new 450,000-square-foot warehouse facility in Warren County, the firms announced Tuesday.
CBRE has promoted Kelly Conaway to managing director for the greater Philadelphia region, a territory that includes downtown and suburban Philadelphia, Delaware, southern New Jersey, the Lehigh Valley and Central Pennsylvania.
Longtime CBRE New Jersey market leader Jeff Hipschman has joined Binswanger as its CEO, becoming the first non-family member to lead the real estate services firm in its 93-year history.
Pharmaceutical giant Sanofi is looking to sublease part of its new U.S. headquarters in Morristown, where it’s slated to occupy the new 260,000-square-foot M Station West building currently under construction.
Smaller deals are looming large in New Jersey’s industrial market, helping to drive occupancy gains as developers eye continued momentum in the second half of the year.
A group advised by J.P. Morgan Asset Management has sold 408 apartments across two properties in Jersey City for nearly $222 million, brokers with CBRE announced Tuesday.
