JLL boosts tristate appraisal group with acquisition of Metropolitan Valuation Services

JLL has acquired Metropolitan Valuation Services, one of the region’s largest independent commercial property appraisal and real estate consulting firms, with an eye toward bolstering its in-house team amid a looming shift in real estate values.

Joint venture buys 99-unit Hoboken property for $57 million, in JLL-brokered deal

Skylight Real Estate Partners and PCCP LLC have acquired a 99-unit, loft-style apartment building in Hoboken for nearly $57 million, in a deal arranged by JLL.

JLL named property manager of 760,000 sq. ft. Headquarters Plaza in Morristown

The owners of Morristown’s Headquarters Plaza complex have tapped JLL to manage the three-building, 760,000-square-foot property.

LCOR, Madison International land $87 million loan for Montclair luxury apartments

The owners of a two-building, 258-unit multifamily property in Montclair have closed on more than $87 million in financing for the asset, in a deal arranged by JLL.

New spec 610,000 sq. ft. warehouse on track for summer delivery, JLL says

A developer is set to complete a project that will bring more than 600,000 square feet of new high-end logistics space to Burlington County, according to a leasing team with JLL.

Revival of Parsippany site underway as office buildings come down, with rentals soon to come

The transformation of a sprawling suburban office park in Parsippany is now on full display, as a development team continues its teardown of several aging buildings while marking the start of construction for 275 new apartments at the site.

JLL: Yarn maker finds new home, subleases 13,000 sq. ft. in Lyndhurst

A yarn company is taking 13,000 square feet of office space in Lyndhurst as part of a plan to relocate and expand its operation, under a deal arranged by brokers with JLL.

Birch Group details plans for newly rebranded, 828,000 sq. ft. Short Hills office portfolio

The Birch Group is providing a first look at its plans to renovate four well-known office buildings in Short Hills after acquiring the nearly 830,000-square-foot portfolio last year.

Joint venture sells 129,000 sq. ft., ShopRite-anchored center in Hackensack, JLL says

JLL has negotiated the sale of Riverfront Plaza, a 129,000-square-foot shopping center anchored by ShopRite in Hackensack.

Bergen County light industrial building on the market, priced to sell for $30 million

The owner of a light industrial building in Fair Lawn is looking to sell the nearly 150,000-square-foot property, in a new offering by JLL’s New Jersey capital markets team.