Bridge Industrial has closed on a nearly $29 million construction loan for a project that will bring more than 167,000 square feet of new industrial space to South Plainfield.
The ailing Woodbridge Center is seemingly poised to remain a mall under its new owner, but its exact future is still unclear after the recent sale of the property for $70.4 million, in a deal that was reported to be a massive loss for its bondholders.
LCOR Inc. has secured a nearly two-acre development site in downtown Jersey City, acquiring the parcel from Veris Residential Inc. in a $54 million deal arranged by JLL.
Seagis Property Group has secured $81 million in permanent financing for a new warehouse adjacent to Newark Liberty International Airport, brokers with JLL announced Tuesday.
An investment manager has taken ownership of two well-known office buildings in the Short Hills section of Millburn, having tapped JLL as its leasing team for the properties.
Th Urban Land Institute’s Northern New Jersey chapter hosted its largest event of the year, honoring projects, professionals and companies in nearly 20 categories as recipients called for continued cooperation between developers and policymakers.
Two tenants have leased a combined 25,000 square feet of industrial and laboratory space in the Somerset section of Franklin, according to brokers with Bussel Realty Corp.
Warehouse vacancy in New Jersey ticked upward to start the year, but remains tight by national standards, as the market continued its return to equilibrium after record demand.
