CBRE: Passaic rental complex trades for $13.1 million

A 101-unit garden apartment complex in Passaic has changed hands for more than $13 million, under a newly announced transaction by CBRE.

Kimmerle honored for design of biotech firm’s HQ in Jersey City

A leading New Jersey business organization has recognized Kimmerle Newman Architects for its design of a biotech firm’s new headquarters in downtown Jersey City.

CBRE touts Hudson County apartment sales totaling $57 million

An out-of-state investor has paid more than $31 million for a newly built, 80-unit apartment building in Union City, CBRE said, touting the sale among several recent deals in Hudson County.

Onyx, Angelo Gordon acquire 1.2 million sq. ft. industrial park

Onyx Equities has expanded its portfolio outside New Jersey, acquiring a 1.2 million-square-foot industrial complex about six miles north of Bergen County.

Ballet company leases 16,600 sq. ft., eyes move to Florham Park

A historic dance company is in line to expand and relocate to nearly 17,000 square feet in Florham Park, following a transaction arranged by CBRE.

Newark Broad Street’s time to shine

Having started my commercial real estate career in Newark, New Jersey in the late 1980s, I’ve had a front row seat to the evolution of The Brick City, and specifically the strides taken by the community toward enhancing the soul of the downtown area. What was once a city centered largely around Newark Penn station, the region has experienced new growth, particularly northward and westward toward the Broad Street corridor. Additionally, while improvements over the past two decades were slow, but steady, the past five years have seen a more intense ramp up in activity.

Denholtz completes 14,500 sq. ft. renewal at Hamilton business park

An engineering and consulting firm has renewed its nearly 14,500-square-foot lease at a Hamilton commercial complex, under a newly completed transaction by Denholtz Associates.

Hampshire sells Paramus retail center for $8.4 million, CBRE says

A real estate investment trust has acquired a grocery-anchored, 42,000-square-foot retail property in Paramus, in an $8.4 million transaction arranged by CBRE.

Lighting manufacturer takes 17,000 sq. ft. in Meadowlands

A manufacturer of LED lighting has leased 17,000 square feet of industrial space in East Rutherford, under a newly announced transaction by Chilmark Real Estate Services.

One Wall touts acquisition of 1,000-unit Pennsylvania portfolio

One Wall Partners, a Newark-based owner of transit-oriented workforce housing, has expanded its portfolio with the acquisition of nearly 1,000 apartments in eastern Pennsylvania.