JLL closes sale of 18-story rental tower in Stamford

Brokers in JLL’s Morristown office have inked the sale of an 18-story luxury apartment tower in downtown Stamford, Connecticut.

Long overdue

In our July issue, we detail the efforts of New Jersey’s largest brokerage and service firms to support diversity and inclusion among their employees. This is nothing new for industry giants like CBRE, JLL and Cushman & Wakefield, but it’s become increasingly clear that these efforts are critical to recruitment, retention and overall employee culture. It’s why you’ll find these firms taking pains to promote and cultivate networking groups tied to gender, racial, lifestyle and other forms of diversity. That only stands to grow in our own local market and globally.

Camber, Advance sell 529,000 sq. ft. light industrial portfolio, JLL says

A joint venture has sold more than 500,000 square feet of light industrial space in Morris County, closing the deal less than two years after acquiring the four-building portfolio.

Flight to quality continues in N.J. office market, with looming uncertainty about incentives

Office tenants in New Jersey are still flocking to new or upgraded buildings, but the ability for landlords to deliver Class A space could be slowed by the loss of state business incentives.

JLL: Buyer of high-end West Windsor office building lands acquisition financing

The buyer of a nearly 330,000-square-foot office building near Princeton has secured acquisition financing for the deal, brokers with JLL announced Wednesday.

Biotech firm seals 90,000 sq. ft. lease at vacant pharma campus in Plainsboro

A biotechnology firm is set to become the first new tenant at the former Bristol-Myers Squibb campus in Plainsboro, where it will lease more than 90,000 square feet for its new U.S. headquarters and research lab.

Edgewood acquires 104,000 sq. ft. office building in South Plainfield, JLL says

Edgewood Properties has acquired a vacant 104,020-square-foot office building in South Plainfield, the highly visible site of a former headquarters property along Interstate 287.

RXR, Blackstone sell 363,000 sq. ft. office building near Princeton, JLL says

RXR Realty and The Blackstone Group have sold a two-building, 363,000-square-foot office portfolio in West Windsor, the home of BlackRock and other major tenants.

Apparel company leases 203,000 sq. ft. warehouse in South Brunswick

An apparel company has leased an entire 203,488-square-foot warehouse and distribution center under construction in South Brunswick, brokers with JLL announced Monday.

JLL closes on $1.8 billion acquisition of HFF

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.