Retail
JLL: Monroe grocery-anchored retail center sells for $32 million

A joint venture has acquired a Middlesex County shopping center for more than $32 million, in a newly completed transaction by brokers with JLL.

Industrial
Colliers: Renewals surge in tight New Jersey industrial market

The state’s industrial market saw a spike in renewal activity this summer, amid the ongoing lack of new supply and the unrelenting demand from tenants.

Government & Public Policy
NJAA adds new VP of government affairs

The New Jersey Apartment Association has made a new addition to its influential government affairs team.

Industrial
C&W adds 2.2 million sq. ft. to New Jersey asset management portfolio

Cushman & Wakefield has added more than 2.2 million square feet to its New Jersey property management assignments, thanks to continued demand from both industrial tenants and investors.

Industrial
Manufacturer takes 50,000 sq. ft. in Monroe, BRC says

A maker of bathroom furniture has leased nearly 50,000 square feet at a Monroe industrial building, in a transaction arranged by Bussel Realty Corp.

Finance & Capital Markets
Investors Bank touts $2.7 billion in CRE loans in 2017

Multifamily projects in Morristown and Monroe are among the latest developments financed by Investors Bank, contributing to more than $2.5 billion in commercial real estate activity completed by the lender in 2017.

Finance & Capital Markets
Owner of New Jersey, Virginia warehouse portfolio secures $11.3 million loan

HFF has arranged $11.3 million in financing for the owner of a three-building warehouse portfolio in New Jersey and northern Virginia, the brokerage firm said Thursday.

Industrial
After blockbuster industrial sale, Bridge details what comes next in N.J.

After the sale of more than 3 million square feet of industrial space in New Jersey — part of a three-state, $700 million deal announced earlier this fall — Bridge Development Partners is well on its way toward refilling its pipeline in the Garden State. Jeff Milanaik, regional partner for Bridge, said the firm is under contract for a series of sites in northern and central New Jersey that could pave the way for another 6 million square feet of development activity.

Industrial
Sheldon Gross: Buyer plans warehouse, distribution use at 45,000-sq. ft. Monroe building

A specialized sink manufacturer has acquired a 45,000-square-foot warehouse and office building in Monroe, according to brokers with Sheldon Gross Realty Inc.

Finance & Capital Markets
Valley touts $650M in recent CRE loan volume

Commercial real estate lending continues to be a major driver for Valley National Bank, with the company having recorded some $650 million in new loans in the fourth quarter of last year.