Government & Public Policy
Netflix wins state approval to build $900 million studio hub at Fort Monmouth

State officials have approved Netflix’s bid to acquire nearly 300 acres at the former Fort Monmouth property, where it plans to build 12 soundstages totaling nearly 500,000 square feet and other facilities with a combined investment of more than $900 million.

Retail
Owner of 700,000 sq. ft. shopping center, net-leased portfolio taps LMC for new assignment

Levin Management Corp. has secured a new assignment to oversee a sprawling portfolio of shopping centers and net-leased property in and around New Jersey.

Industrial
E-commerce firm takes 54,000 sq. ft. at Denholtz-owned property in Eatontown

An affiliate of Denholtz Properties has leased 54,000 square feet of commercial space in Eatontown to a Brooklyn-based e-commerce company, according to Zimmel Associates.

Government & Public Policy
Steadman retiring as FMERA executive director, with Kopach set to take the helm

The state agency that guides redevelopment of the iconic 1,100-acre Fort Monmouth property will soon have its first new leader in more than a decade.

Industrial
Resource Realty completes 150,000 sq. ft. of central New Jersey transactions

A private investor has purchased a 68,000-square-foot industrial space in Eatontown for nearly $7.5 million, in one of several recent transactions by Resource Realty.

Office
Ripco: Buyer wanted for net-leased, 138,000 sq. ft. property in Eatontown

A nearly 140,000-square-foot commercial property in Eatontown is on the market for sale, with the potential to command offers of more than $40 million.

Professional Services
Veteran finance exec rejoins FirstService Residential on east region team

FirstService Residential has named a new executive vice president of finance for its east region, tapping a former member of its team who is returning after two years.

Top News
NYT: Netflix to bid on 289-acre Fort Monmouth parcel, eyeing massive production hub

Netflix has declared its intention to bid on nearly 300 acres of property at Fort Monmouth, where it reportedly wants to build a sprawling production studio after outreach by Gov. Phil Murphy.

Government & Public Policy
State places 289-acre ‘mega parcel’ at Fort Monmouth on the market for sale

The state is seeking a buyer for nearly 300 acres at Fort Monmouth, the site of what it hopes will be a large-scale project to join other redevelopment efforts at the former U.S. Army base.

Industrial
Recycling firm takes 35,000 sq. ft. in Eatontown, Sheldon Gross says

A recycling hauler is taking nearly 35,000 square feet of industrial space in Monmouth County, under a newly announced lease by Sheldon Gross Realty.