Industrial
Land prices surging in N.J. industrial market, CBRE says

Large industrial sites in northern New Jersey now cost an average of nearly $1.8 million per acre, CBRE found, as surging demand and the scarcity of land continue to drive up pricing.

Office
KBS touts 84,400 sq. ft. in leasing at Woodbridge office park

Three new leases and a renewal have contributed to more than 84,000 square feet of activity at a six-building office campus in Woodbridge, landlord KBS Realty Advisors announced.

Retail
CBRE: Secaucus retail center sells for $43 million

The owner of a shopping center in Secaucus has sold the complex for $43 million, marking the second sale in four months of a retail property in the town’s Harmon Meadow section.

Residential & Mixed Use
CBRE touts $19.3 million in Essex County multifamily sales

More than 230 apartment have changed hands in Essex County as part of nine multifamily investment sales brokered this year by CBRE.

Industrial
Dermody inks 401,000 sq. ft. lease with logistics firm in Gloucester County

A logistics firm is set to occupy 401,000 square feet at a sprawling industrial park in Logan Township, under a recent lease with developer Dermody Properties.

Industrial
CBRE marketing 50,000-square-foot industrial complex in Kenilworth

Brokers with CBRE are seeking a buyer for a three-building, 50,000-square-foot industrial complex in Kenilworth, touting its proximity to Port Newark-Elizabeth and a lack of comparable properties in the immediate area.

Residential & Mixed Use
CBRE: Deal sets the stage for redevelopment near train station

CBRE has brokered the long-awaited sale of an industrial site in Long Hill Township, paving the way for a proposed redevelopment of the property as a new transit-oriented community.

Office
Jersey Shore office building sold for $8.6 million

Investors have paid $8.6 million to acquire a nearly 50,000-square-foot office building in Monmouth County, according to executives with CBRE and Weiss Realty Inc.

Health Care & Education
CBRE brokers $1.6 million sale of medical office condos in Morris Co.

A private investment firm has paid $1.6 million for two adjacent medical condominium units in Riverdale, according to brokers with CBRE who arranged the transaction.

Retail
CBRE: Pop-ups, m-commerce and discounters among growing trends this holiday season

Pop-up stores are in fact set to make a return this holiday season, but they’ll be joined by a growing number of pop-up warehouses. Those are among the findings in a new report by CBRE that’s meant to forecast this year’s holiday trends in commercial real estate. The report also points to an expansion of mobile commerce and strength in discount retailing, as consumers continue to seek omnichannel access, value, variety and experiences.