Industrial
Petrucci sells 96,000 sq. ft. industrial building in Logan Township

J.G. Petrucci Co. Inc. has sold a nearly 96,000-square-foot industrial building in Gloucester County to a global developer of ergonomic products.

Professional Spotlight
MSW names new counsel in commercial real estate, finance groups

Murphy Schiller & Wilkes LLP has added a veteran attorney to its growing commercial real estate and finance practice groups, the Newark-based firm announced.

Finance & Capital Markets
Hoboken apartment owner refinances for $22 million, JLL says

The owner of a two-building, 50-unit apartment property in Hoboken has secured nearly $22 million in financing, in a transaction arranged by JLL.

Industrial
Stro acquires 78,000 sq. ft. industrial building in Fairfield

The Stro Cos. has purchased a fully occupied, 78,000-square-foot industrial property in Fairfield, the Ridgewood-based firm announced Monday.

Professional Services
Murphy Schiller & Wilkes adds two associates to Newark-based real estate team

Murphy Schiller & Wilkes LLP has added two associates to its growing team of commercial real estate attorneys.

Industrial
Petrucci, PGIM detail 511,000 sq. ft. spec industrial project in Phillipsburg

More than 500,000 square feet of new industrial space is coming to Phillipsburg, under a newly announced project by J.G. Petrucci Co. Inc. and PGIM Real Estate.

Government & Public Policy
Relaxed deadlines could bring new attention, momentum to Opportunity Zone projects

The COVID-19 pandemic has threatened to stall many development projects nationwide, including those under the federal Opportunity Zone program, but experts say those investments could gain new momentum after a series of recent steps by regulators.

Top News
NJCU: Guarini’s $10 million gift to help fund arts center, international studies

A new $10 million gift to New Jersey City University — the largest in the school’s history — is providing a major boost to a plan to build a new performing arts center in Jersey City.

Professional Services
Partners in expanded, rebranded firm seeking to break the mold in New Jersey real estate law

Based in Newark, the newly minted Murphy Schiller & Wilkes LLP has built what it feels is a distinctive offering in New Jersey — a full-service, boutique commercial real estate law practice, but one that can match the depth and experience of an institutional firm.

Editor’s Note
One to watch

We learned last September that a developer has proposed building a 135,000-square-foot studio complex in Jersey City, with the very purpose of capturing the production companies that it says are coming here because of the film tax credit incentive. As you’ll read in this month’s cover story, other developers and property owners are making a similar bet, amid surging demand from the film and television industry.