JLL to acquire HFF for $2 billion

Real estate services giant JLL has agreed to acquire HFF for roughly $2 billion, greatly bolstering its platform with one of the industry’s leading capital markets firms.

Repositioned Parsippany office building fetches $66 million

A buyer has paid $66 million to acquire a 400,127-square-foot office building in Parsippany, the site of a well-known effort to renovate and transition the property to a multitenant asset.

Buyer of Woodbridge retail center lands $25.5 million acquisition loan, HFF says

Woodbridge Crossing,451-479 Green St.,Woodbridge,HFF,PAG Investments,Citizens Bank,Onyx Equities LLC

Investor demand still strong in New Jersey as buyers seek safety, certainty in commercial real estate

With 2019 underway, competition among commercial real estate investors has only intensified in New Jersey, largely around properties that offer some level of safety in the later stages of the economic expansion.The Garden State is by no means alone in that regard, but brokers and other experts say they expect demand to stay robust in the near term, citing everything from Wall Street volatility to the continued arrival of buyers from other markets.

HFF seeking buyer for waterfront apartment towers in Jersey City

A two-tower, 648-unit apartment complex that helped usher in Jersey City’s transformed skyline has hit the market for sale.

New Woodmont rental property in South Amboy fully leased, on the market for sale

Woodmont Properties has completed its lease-up at one of its newest luxury rental communities and has put the 126-unit property on the market for sale.

Healthy competition

It’s hard to believe that more than two years have passed since we launched Real Estate NJ with what I felt was a compelling cover story: Foreign investors were making a splash in New Jersey and paying impressive prices for properties across the state. That trend has seemingly slowed since then, at least when it comes to high-profile deals involving trophy properties. But the good news is that New Jersey is still drawing investors from beyond the state — whether it’s New York, Chicago or the West Coast — who are entering the market for the first time.

HFF inks sale of 178,000 sq. ft. office building in East Hanover

A private equity group has acquired a recently upgraded, 178,000-square-foot office building in East Hanover, in a transaction arranged by brokers with HFF.

HFF: Accordia recaps, buys out partner at Fairfield office building

A longtime partner in a Fairfield office building has assumed full ownership, thanks in part to more than $27 million in financing arranged by brokers with HFF.

Investors wanted for 288-unit Carteret apartment complex, HFF says

Brokers with HFF are seeking a buyer for a 288-unit apartment complex in Carteret, touting the property’s below-market rents and the opportunity for value-add upgrades.