CBRE: Owner of Morris Twp. office building closes on $54 million loan

The new owner of a 320,274-square-foot office complex near Morristown has landed nearly $54 million in financing, brokers with CBRE said Monday.

Russo, Forsgate close on Meadowlands site slated for 3 million sq. ft. industrial park

Russo Development and Forsgate Industrial Partners have completed their purchase of a 718-acre tract in Bergen County, paving the way for more than 3 million square feet of new high-end industrial space in the heart of the Meadowlands.

Dermody acquires, plans upgrades at vacant 615,000 sq. ft. industrial building in East Windsor

Dermody Properties has acquired a vacant 615,000-square-foot industrial complex in East Windsor, where it’s now planning a series of upgrades over the next several months.

CBRE inks $6.2 million in new investment sales

A private investor has paid $2.3 million for a nearly 15,000-square-foot retail property in Monmouth County, in the largest of four newly announced transactions by CBRE.

CBRE: Growing online grocery sales could benefit New Jersey, a top 10 market for cold storage

With the growth of online grocery sales projected to continue, a new report says New Jersey is well-positioned to capture the continued need for cold storage space.

CBRE: Weight loss service inks 2,000 sq. ft. retail lease in Bound Brook

A weight loss service is among the newest tenants at a Somerset County shopping center, under a 2,000-square-foot lease announced Tuesday by CBRE.

The RealReal opens 490,000 sq. ft. e-commerce center in Perth Amboy

An online luxury consignment shop has officially added to its footprint in New Jersey, marking the opening of its nearly 500,000-square-foot distribution center in Perth Amboy.

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.