Industrial
Terreno buys 10-acre industrial parcel in Newark for $17.3 million

Terreno Realty Corp. has purchased a nearly 10-acre industrial property in Newark for $17.3 million, the Bellevue, Washington-based firm announced last week.

Professional Spotlight
Gibbons PC

Gibbons offers multidisciplinary services statewide, from Bergen to Atlantic counties and all points between, addressing all aspects of real estate development deals. This wide-ranging practice is the result of the distinct contributions of our exceptional attorneys — including newest team member Bisola Taiwo, most recently Assistant Director/Chief of Staff for Newark’s Department of Economic and Housing Development, where she structured deal terms for redevelopment projects worth billions of dollars.

Professional Services
Vierheilig joins STV as leader of national buildings architecture, engineering practice

Professional services firm STV has tapped a longtime and well-known New Jersey design professional as the head of its national buildings architecture and engineering team.

Industrial
S. Hekemian Group, JLL ink sale of Newark warehouse for more than $800 per square foot

The S. Hekemian Group has sold a newly built, 76,000-square-foot industrial building just north of Interstate 78 in Newark, achieving a record price of more than $820 per square foot.

Industrial
Embattled fund manager GPB Capital sells 30-acre cold storage parcel near Port Newark

A beleaguered private equity firm has sold 30 acres in the heart of Newark’s port district, where its plans once called for some 250,000 square feet of cold storage space.

Industrial
Joint venture plans 120,000 sq. ft. Newark project under $1 billion development fund

An investment group has unveiled plans to build nearly 120,000 square feet of high-end logistics space in Newark under a newly formed, $1 billion joint venture with seven projects.

Professional Services
Genova Burns real estate, bankruptcy attorneys earn promotions

Genova Burns LLC has announced the promotion of two attorneys, including a member of its commercial real estate team.

Residential & Mixed Use
Newark parcel with approvals for 190 apartments fetches $3.9 million, PRE says

An area real estate firm has acquired a Newark development site with full approvals for 190 apartments, in a deal arranged by PRE Real Estate Services.

Office
SJP completes first two phases of McCarter’s revamped 100,000 sq. ft. office in Newark

An affiliate of SJP Properties has completed two phases of a plan to overhaul the five-floor, 100,000-square-foot office space in Newark that is home to McCarter & English LLP.

Editor’s Note
Profeta highlights parents’ legacy of education, as NJIT unveils new real estate center

The New Jersey Institute of Technology unveiled the new Paul Profeta Real Estate Technology, Design and Innovation Center, made possible by the largest-ever gift to the Newark-based university.