Top News
Former Normandy partners detail plans for new private equity firm

Having completed the sale of the Normandy Real Estate Partners platform, three of the firm’s former principals have offered a glimpse at their next business endeavor.

Government & Public Policy
Normandy closes on Jersey City, Hackensack projects under Opportunity Zone fund

Normandy Real Estate Partners has closed on two transactions under the federal Opportunity Zone program, as it touts a milestone in its effort to raise $250 million for such investments.

Office
Normandy sells operating platform, fund interests to Columbia Property Trust

The leaders of Normandy Real Estate Partners have agreed to sell their operating platform and an interest in three funds to Columbia Property Trust, a New York-based real estate investment trust, in a $100 million transaction that is slated to close by year-end.

Office
Normandy, NKF ink $19.5 million sale of Princeton-area office building

Normandy Real Estate Partners has sold a nearly 114,000-square-foot office building in the Princeton submarket, under a $19.5 million deal arranged by Newmark Knight Frank.

Professional Services
Walsh joins Advance as managing director for development, construction

Advance Realty Investors has hired longtime industry executive Tom Walsh, who will help oversee development and construction for its fast-growing portfolio and for third parties.

Office
NKF: Fund makes first U.S. acquisition with $17 million office deal

An international real estate fund has made its first investment in the U.S., acquiring a Roseland office building from Normandy Real Estate Partners, in a $17.2 million deal arranged by Newmark Knight Frank.

Office
Hackensack office building inks four leases with law firms

Four law firms have signed leases at a 225,000-square-foot office building just minutes from the Bergen County Courthouse in Hackensack.

Office
NAIOP panel: Building trends pointing toward employee health, ecofriendly design

Amenities, collaboration space and access to transportation will all remain important in the office sector, experts say, but those features must be increasingly focused on wellness, sustainability and energy savings. That’s not to mention diversity and the ability for employees to choose how they work.

Professional Services
LMC adds new VP of construction, development

Levin Management Corp. has bolstered its in-house team with the addition of a new vice president of construction and development.

Health Care & Education
Last buildable site at Giralda Farms sold, to be developed as health campus

A group of well-known developers has sold a 40-acre swath of the Giralda Farms campus in Madison, paving the way for the construction of a new 46,000-square-foot medical facility.