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.

Rockefeller Group breaks ground on 400,000 sq. ft. industrial project in Middlesex

Rockefeller Group has started construction on a new 400,000-square-foot distribution center, as it expands upon its recently built, 2.1 million-square-foot logistics campus in Piscataway.

Health, quality of life a growing focus in designing warehouse and logistics buildings

The race to attract quality labor has led industrial developers and users to focus increasingly on wellness-oriented design and features, but that shift has become all the more important in recent months as occupiers look to keep employees safe from COVID-19.

BNE, Sterling plan fall opening for new 110-unit rental project in Piscataway

A development team is set to unveil a collection of 110 upscale apartments in Piscataway, touting a suburban setting with quick access to the region’s vast highway network.

Colliers: Piscataway office building fetches $3.9 million

An investment firm has reaped nearly $4 million from the sale of a Piscataway office building, following a transaction arranged by brokers with Colliers International.

Duke Realty eyes continued expansion with projects in New Jersey’s top industrial markets

After building its New Jersey portfolio to nearly 8 million square feet in recent years, Duke Realty Corp. is poised for further growth in the state with several high-profile developments underway.

Pandemic slows first-half investment sales in northern, central New Jersey, DiLeo-Bram says

Commercial real estate investors across five New Jersey counties took a cautious approach during the coronavirus outbreak, as transaction volume fell through the first half of the year.

CBRE: Home appliance maker takes 66,000 sq. ft. at new Piscataway industrial building

An appliance manufacturer has leased more than 65,000 square feet at a newly built warehouse in Piscataway, under a transaction arranged by CBRE.

NAI DiLeo-Bram adds retail expert to growing brokerage team

NAI DiLeo-Bram & Co. has made another addition to its brokerage team, seeking to expand its foothold in the changing retail sector.

CBRE tapped as leasing agent at new-look Piscataway office building

The owner of a newly renovated, 138,000-square-foot office building in Piscataway has retained CBRE as the property’s leasing agent.