Government & Public Policy
Perth Amboy eyes redevelopment of key sites around city train station, highway networks

Officials in Perth Amboy are hoping to sharpen their focus on three key redevelopment areas in the city, touting their access to mass transit and the region’s vast highway network.

Retail
AFC signs three leases in New Jersey, amid flurry of moves by urgent care tenants

AFC Urgent Care is expanding in New Jersey after signing three leases totaling more than 9,000 square feet, in a series of newly announced transactions by The Goldstein Group.

Residential & Mixed Use
Brooklyn buyer adds 73-unit Perth Amboy rental portfolio, Capital Realty says

An investor has purchased a seven-building, 73-unit multifamily portfolio in Perth Amboy for nearly $12 million, under a deal arranged by Capital Realty Associates.

Residential & Mixed Use
Kislak inks sale of 52 units in northern, central New Jersey for combined $6.8 million

Nine apartment buildings in Hudson, Union and Middlesex counties are under new ownership after a series of recent transactions arranged by The Kislak Co. Inc.

Industrial
Sitex adds Paramus industrial property, inks lease with Carvana in Perth Amboy

Sitex Group has completed two new industrial transactions in New Jersey, including a lease in Middlesex County with a fast-growing e-commerce auto retailer.

Industrial
Sitex adds industrial properties in Middlesex, Union counties

Sitex Group has expanded its New Jersey industrial portfolio with two acquisitions about 13 miles apart, including a vacant site and a 23,000-square-foot warehouse.

Industrial
Hampshire unveils newest self-storage project, in Perth Amboy

The Hampshire Cos. has completed the latest addition to its ever-growing self-storage portfolio, debuting a new 697-unit facility along a major thoroughfare in Perth Amboy.

Industrial
C&W inks sale-leaseback, financing at 193,000 sq. ft. industrial building in Perth Amboy

A roofing company has sold and leased back its nearly 200,000-square-foot headquarters and manufacturing plant in Perth Amboy, in a transaction arranged by Cushman & Wakefield.

Residential & Mixed Use
Gebroe-Hammer: Buyers wanted for 29-building, 406-unit rental portfolio

A sprawling collection of more than 400 apartments is on the market for sale in New Jersey, in a newly announced offering by Gebroe-Hammer Associates.

Policy Page
Taking the temperature of New Jersey’s economy and commercial real estate sector

We are now more than six months into the pandemic that shut down much of New Jersey’s economy in early March. I thought it would be a good time to pause to look at where we are in terms of recovering from the staggering unemployment and economic losses caused by the health crisis. There is some surprisingly good news, but it must be taken with a strong dose of caution.