Finance & Capital Markets
Institutional buyers, able to see past short-term uncertainty, still finding value in New Jersey

After treading lightly for much of the past year, institutional investors appear poised to accelerate their commercial real estate spending in 2021. New Jersey and other suburban markets could benefit in the near term as buyers await the return of New York City — especially in an apartment sector that is regaining its footing after stumbling during the pandemic.

Roundtable
How has the commercial real estate lending landscape changed from earlier in the pandemic?

How has the commercial real estate lending landscape changed from earlier in the pandemic? We assembled a panel of industry experts to tackle this month’s question.

Residential & Mixed Use
Buyer wanted for 100-unit luxury rental building in Edgewater, JLL says

The owner of a 100-unit luxury apartment building in Edgewater is seeking a buyer for the property, under a newly announced offering by JLL’s New Jersey capital markets team.

Industrial
Snack maker takes 309,000 sq. ft. at Bridge industrial project in Somerset

A well-known candy and fruit snack manufacturer has leased more than 300,000 square feet of industrial space in Somerset County, in a newly announced deal by Sheldon Gross Realty.

Professional Services
JLL New Jersey team hires executive V.P. focused on tenant rep, portfolio strategy

JLL has added a veteran broker to its New Jersey office leasing team, with a focus on tenant representation and portfolio strategy for national and global clients.

Office
Biotech firm takes 13,000 sq. ft. at Bedminster office building, JLL says

A biotechnology company has leased nearly 13,000 square feet of office space in Bedminster, in a newly announced transaction by JLL.

Residential & Mixed Use
Owner of 267-unit rental tower in Hackensack lands $60 million refi, JLL says

The owner of a well-known, 18-story apartment tower in Hackensack has refinanced the property for $60 million, according to a debt placement team with JLL.

Office
Highstone signs new 7,000 sq. ft. lease at Ramsey office building, JLL says

The owner of a Ramsey office building has lured a new tenant to the property, inking a 7,000-square-foot lease with a national debt collection company.

Finance & Capital Markets
JLL: Joint venture lands $12.7 million loan for Hamilton warehouse project

The developers of a new 171,000-square-foot industrial project in Hamilton have obtained nearly $13 million in financing for the project, according to a debt placement team with JLL.

Finance & Capital Markets
JLL makes two promotions on New Jersey capital markets team

JLL has announced two promotions within its New Jersey capital markets office.