Roundtable
Which state or federal policy issues could be most impactful to commercial real estate in 2022?

We assembled a panel of industry experts to tackle this month’s question. Here’s what they had to say: Bob Atkins, principal, Atkins Cos. (West Orange) The possible elimination or limiting of the 1031 tax exchange program could have profound impacts…

Residential & Mixed Use
Developer acquires Teaneck apartment, hotel parcel for $10 million, Marcus says

A development site that could house a new apartment complex or hotel has changed hands in Teaneck, in a newly announced transaction by Marcus & Millichap.

Residential & Mixed Use
Marcus inks sale of Monmouth development site slated for 360 apartments

A developer has acquired a parcel in Monmouth County with the opportunity to build as many as 360 apartments on the site, in a newly announced transaction by Marcus & Millichap.

Deals
Seven-acre development site in Jackson fetches $2.7 million, Marcus says

The owner of a seven-acre development site in Jackson has sold the property for $2.7 million, in a newly announced transaction by Marcus & Millichap.

Residential & Mixed Use
Marcus: Apartments in Franklin, New Brunswick trade for $5.3 million

A private investor has acquired a 39-unit apartment portfolio in central New Jersey for more than $5.3 million, under a deal arranged by Marcus & Millichap.

Residential & Mixed Use
Marcus: Family sells Jersey City development site assembled over 30 years

A development tract three decades in the making has changed hands in Jersey City, in a newly announced transaction by Marcus & Millichap.

Industrial
Tulfra sells Totowa condo units to congregation, its longtime tenant

Tulfra Real Estate has sold four commercial condominium units in Totowa to a local congregation, a longtime tenant at the firm’s mixed-use property in the township.

Industrial
Kearny industrial building trades for $21 million, Marcus says

An investor has acquired a 135,000-square-foot industrial building in Kearny for more than $21 million, in a newly announced transaction by Marcus & Millichap.

Residential & Mixed Use
Marcus inks $10.6 million sale of West New York apartments

A three-building, 66-unit apartment portfolio in West New York has changed hands for nearly $10.6 million, under a newly announced transaction by Marcus & Millichap.

Retail
Mixed-use bank property in Somerville trades for $3 million, Marcus says

An investor has paid $3 million for a corner bank property in downtown Somerville, under a newly announced transaction by Marcus & Millichap.