Top News
A winning formula: How CBRE helped engineer some of New Jersey’s top office sales

In a time when investors have reaped windfalls from upgraded office buildings in New Jersey, CBRE’s capital markets team has been on the front lines — spearheading a host of high-profile deals involving newly stabilized, Class A buildings in the state.

Industrial
CBRE: Online returns, ‘reverse logistics’ fuel added demand for industrial space and 3PLs

The e-commerce explosion has fueled a surge in online returns — especially during the holiday season — driving additional demand for industrial space in New Jersey and nationally.

Editor’s Note
Policy watch

I’ll admit it: The prospect of writing about technical, complex environmental policy can be daunting and frustrating. Especially when it’s not your everyday beat. But there’s no getting around the importance of one policy in particular, at least when it comes to the future of New Jersey commercial real estate. If you polled a group of developers and service providers, many would tell you that the state’s Licensed Site Remediation Professional program has been critical, helping to unlock new opportunities at formerly contaminated sites and adding to the momentum of red-hot product types like industrial and multifamily. Some might find it hard to believe that next May will mark a decade since the program was born under the landmark Site Remediation Reform Act. But with that milestone fast approaching, the LSRP system is getting a fresh look from policymakers and stakeholders.

Residential & Mixed Use
Harrison development site fetches $14.5 million, CBRE says

An industrial user has sold a former warehouse site and a vacant lot in Harrison, paving the way for another addition to the town’s waterfront redevelopment area.

Office
CBRE inks sale of 110,000 sq. ft. Princeton office complex to KABR

The KABR Group has acquired a two-building, 110,000-square-foot office complex in Princeton, CBRE announced, touting the buyer’s plans to reposition the property.

Office
CBRE: Shrinking deal size fuels ‘persistent softness’ in N.J. office market

Smaller deals are increasingly driving New Jersey’s officemarket, a new report finds, raising the prospect of unchanged overall vacancyand flat rents in the near term despite an otherwise healthy economy.

Industrial
CBRE: Cold storage firm leases 140,000 sq. ft. at Newark industrial project

A cold storage warehousing company has taken nearly half of a newly built, 290,000-square-foot industrial building in Newark, brokers with CBRE announced Wednesday.

Roundtable
Where have commercial real estate investors and lenders found unexpected (or lesser-known) opportunities in 2018?

Where have commercial real estate investors and lenders found unexpected (or lesser-known) opportunities in 2018? We assembled a panel of industry experts to tackle our recent roundtable question.

Industrial
Advance, Greek detail plans for 4.1 million sq. ft. industrial park in Linden

Advance Realty and Greek Development have taken the wraps off their plans for a new 4.1 million-square-foot logistics park in Linden, in what they say is the largest planned industrial development in the Port of New York and New Jersey region.

Office
Paramus office complex sells for $74 million

A joint venture has sold a two-building, 304,000-square-foot office complex in Paramus after acquiring it in 2016 and completing more than $3 million worth of upgrades.