Demand for studio space still growing in New Jersey, as officials move to expand opportunities

New Jersey’s fast-growing film and television industry has created a boom in studio construction and a new market for commercial spaces that can serve as set locations, as state officials take new steps to help more municipalities reap the benefits.

Stonemont closes on Passaic parcel, plans 296,000 sq. ft. spec industrial development

Stonemont Financial Group has acquired some 20 acres in Passaic where it plans to build nearly 300,000 square feet of new high-end industrial space just off Route 21.

Gebroe-Hammer inks $5.4 million sale of 33-unit Passaic apartment building

A private investor has acquired a 33-unit apartment building in Passaic for $5.35 million, in a newly announced transaction by Gebroe-Hammer Associates.

JLL sources $47 million acquisition loan for Thor industrial deal in Passaic

An institutional lender has provided $47 million in financing to Thor Equities Group for a recently acquired, 330,000-square-foot industrial building in Passaic.

Thor acquires 330,000 sq. ft. Passaic warehouse for $52 million

Thor Equities Group has acquired a fully leased, 330,000-square-foot industrial building in Passaic for $52 million, as it touts continued investment in the asset class and the region.

Connors inks sale of 30,000 sq. ft. Passaic warehouse

The William F. Connors Agency has announced the sale of a 30,000-square-foot industrial building in Passaic.

IDI leases 111,000 sq. ft. at new Passaic industrial building, in reported deal with Lowes

IDI Logistics has secured a full-building commitment at a newly built industrial building in Passaic, leasing more than 100,000 square feet to a home improvement giant.

Kislak details North Jersey multifamily, retail sales totaling $5.5 million

A private investor has purchased a nine-unit apartment building in Orange for $1.5 million, in one of several newly announced deals by The Kislak Co. Inc.

STRO, Valley Bank close $10.8 million loan for Passaic County industrial buildings

The STRO Cos. has secured a nearly $11 million loan to acquire a Passaic County industrial building and refinance another, the Ridgewood-based firm announced.

STRO, Millstein family office acquire 90,000 sq. ft. industrial asset in Passaic

The Millstein family office and The STRO Cos. have completed their purchase of a 90,000-square-foot industrial property in Passaic.