JLL has named a new co-head of its New Jersey capital markets team, tapping a veteran broker to oversee the firm’s debt and equity placement business in the region.
Demand for cold storage warehouse space nationwide, and particularly in the Garden State, is on fire, largely because of rising online fresh grocery sales and changing consumer preferences for fresher foods. Meeting that demand could prove challenging — given the cost and complexity of such projects and the need for specialization — but some developers are positioning themselves to be ready when users come calling.
Real estate services firm JLL has closed on its $1.8 billion acquisition of HFF, greatly expanding its capital markets platform under a blockbuster deal announced earlier this year.
More than 200 members of New Jersey’s commercial real estate sector turned out to honor Christopher Johnson of Hollister Construction Services, raising more than $375,000 for an annual event hosted by the March of Dimes North Central New Jersey.
The developer of a new 69-unit high-end apartment building in Somerville has refinanced the property for $13.25 million, brokers with HFF announced Wednesday.
A private equity firm has sold a 119,000-square-foot office building in Montvale, the home of a well-known travel company and other tenants.
The Parsippany office building that is home to T-Mobile’s regional headquarters is up for sale, according to brokers with HFF who are marketing the property.
A well-known office complex in Parsippany is on the market for sale, brokers with HFF said, touting the chance to make additional upgrades and lease up more than 180,000 square feet.
The owner of a three-building, 144-unit apartment complex in Somerset County is seeking a buyer for the market-rate property.