Finance & Capital Markets
Investors take pause, reassess as interest rates shock commercial real estate market

The rapid rise in interest rates has caused a sudden slowdown and growing uncertainty in New Jersey’s investment sales market, leading buyers to reassess their plans in the near term, while placing newfound pressure on even the strongest asset classes.

Events
NAIOP New Jersey details slate for annual President’s Awards, Hall of Fame Dinner

Eight key players in the state’s commercial real estate sector will take the stage in early November as part of NAIOP New Jersey’s annual President’s Awards and Hall of Fame Dinner.

Industrial
Prologis adds 8.3 million sq. ft. in New Jersey, with more to come after Duke Realty deal

Prologis Inc. has added more than 8 million square feet of industrial space in New Jersey with its newly completed acquisition of Duke Realty Corp., with nearly 3 million square feet still to come via development in progress and buildable land sites.

Industrial
Prologis, Dotcom Distribution ink 400,000 sq. ft. extension in Edison, Avison Young says

Prologis Inc. and Dotcom Distribution, an e-commerce fulfillment provider, have signed a lease extension for more than 400,000 square feet of industrial space in Edison.

Cover Story
Prologis eyes continued push in New Jersey, New York with a team that has doubled since 2019

Prologis Inc. has grown to about 65 employees in New Jersey and New York to support its expansion in the region, nearly double its headcount from just three years ago, reflecting the growth of its footprint during that time from 37 million to 44 million square feet.

Industrial
Prologis to add 9.6 million square feet in New Jersey with Duke Realty acquisition

Prologis Inc. will add nearly 10 million square feet to its New Jersey portfolio after agreeing to acquire Duke Realty Corp., in an all-stock, $26 billion transaction that spans more than 150 million square feet of combined industrial space in 19 major U.S. markets.

Industrial
AY: Prologis, visual communications firm renew 107,000 sq. ft. lease in Carlstadt

Prologis Inc. and a visual communications firm have renewed and extended a nearly 107,000-square-foot lease in Carlstadt, under a newly announced transaction by Avison Young.

Top News
Prologis to acquire Liberty Property Trust, including New Jersey assets, for $12.6 billion

Prologis Inc. has agreed to acquire Liberty Property Trust for $12.6 billion, in a move that deepens the industrial giant’s presence in several key markets including New Jersey.

Office
JLL inks new office, warehouse deals at Prologis building

Real estate services firm JLL has completed a series of leases at a Prologis Inc. building in Secaucus, accounting for nearly 42,000 square feet of activity at the 143,057-square-foot property.