Industrial
Newmark team sees strength ahead after closing $1.1 billion in industrial sales in 2024

Newmark is hailing a banner year and strong momentum for its Rutherford-based industrial capital markets team, following several high-profile deals and some $1.1 billion in total transaction volume.

Office
Accordia inks 7,000 sq. ft. renewal at Fairfield office building, in one of three new deals by firm

Accordia has announced three new office deals in the region, including a nearly 7,000-square-foot lease renewal at its Greenbrook Executive Center in Fairfield.

Industrial
Accordia expands to Charlotte with newly acquired, 36,000 sq. ft. light industrial building

Accordia has completed its first acquisition outside the Northeast with the addition of a nearly 36,000-square-foot, shallow-bay industrial building in Charlotte.

People
Woodmont adds three, promotes six to support fast-growing development pipeline

Woodmont Properties has announced a flurry of new hires and promotions in support of a development pipeline with more than $2 billion in commercial and multifamily projects.

Technology
Brightcore, Luminace detail new community solar project at Fairfield and Montville properties

New solar panels are coming to eight commercial buildings in Fairfield and Montville as part of a project announced Wednesday by Brightcore Energy and Luminace.

Industrial
Resource Realty: Turf products supplier inks 21,000 sq. ft. renewal in Fairfield

A supplier of turf products has renewed its lease for more than 21,000 square feet of warehouse space in Fairfield, in one of three new deals by Resource Realty of Northern New Jersey.

Top News
Accordia 2.0: Inside the commercial real estate firm’s next chapter — and the story behind its new leadership team

Accordia is entering a new phase as a developer, investor and asset manager, with high-profile additions to its team, a revamped business plan and several major projects on the horizon.

Editor’s Note
Transition time

I’ve come to learn that stories in our People on the Move section are among our most popular online and in print. I understand why — relationships in commercial real estate go back years or decades in many cases, meaning there’s no shortage of interest when a friend or business partner earns a promotion or a position at a new firm. That’s especially true when it comes to developers and owners, as I was reminded earlier this year when we covered two major moves by Accordia.

Industrial
Longpoint fund buys 30,000 sq. ft. Fairfield warehouse from Sitex

A fund operated by Longpoint Partners has acquired a more than 30,000-square-foot industrial building in Fairfield, the Boston-based firm announced last week.

Finance & Capital Markets
Newmark: Hampshire adds JV partner in $300 million recap of 1.4 million sq. ft. light industrial portfolio

The Hampshire Cos. has closed on a $300 million recapitalization of a sprawling light industrial portfolio in northern New Jersey and other key areas, in a deal arranged by Newmark.