Industrial
Industrial strength: Prices are soaring as investors jockey for warehouse, logistics space in New Jersey

Warehouse and distribution space in New Jersey has become a prized asset class among institutions and other major investors, leading to increased competition, surging prices and more creativity by those looking to add industrial to their portfolio.

Industrial
Tulfra, Hampshire ink 204,000 sq. ft. lease at repositioned Clifton building

A joint venture has leased 204,000 square feet in Clifton to a well-known bakery business, in the completion of its effort to redevelop a 50-year-old manufacturing plant into new industrial space.

Residential & Mixed Use
Westfield apartment project is a milestone for developers, local officials

There is no doubting the appeal of a site that is less than a block from a train station and in the heart of downtown Westfield, one of New Jersey’s most acclaimed shopping districts. But if you ask executives with The Hampshire Cos., a good location isn’t a guarantee of success.

Finance & Capital Markets
Wilcox brokers 15-year loan for new Morristown office building

G.S. Wilcox & Co. has arranged $16.5 million in financing for a new 44,000-square-foot office building in Morristown developed by The Hampshire Cos., the mortgage banker said Monday.

Health Care & Education
HFF: NJCU rental project secures $32.5 million in financing

A new 163-unit multifamily property is rising at the campus of New Jersey City University with the help of a $32.5 million construction loan arranged by HFF, the brokerage firm said Thursday.

Residential & Mixed Use
For Westfield development team, a rare opportunity nears completion

The developers of the first modern, transit-oriented multifamily project in Westfield say they’re on track to open the doors of the 70-unit building by this spring. For the joint venture behind the luxury rental community, there’s no overstating the anticipation for delivering a project in one of the state’s most well-known, well-established downtowns.

Office
Law firm opens new 42K sq. ft. Morristown office building

Fox Rothschild has opened its sleek new office building in downtown Morristown, completing a long-awaited move that will raise the law firm’s profile in a vibrant business district.

Office
Tulfra sells office condo for $4.1 million

Tulfra Real Estate has sold a 27,000-square-foot office condominium in Totowa to the county of Passaic, the development and investment firm said Wednesday.

Industrial
Tulfra, Hampshire sell repositioned industrial building for $12M

A joint venture has sold a Springfield industrial building for $12 million, nearly a decade after acquiring the property and embarking on a series of upgrades that attracted new tenants.

Finance & Capital Markets
G.S. Wilcox brokers $44M in financing for developers

G.S. Wilcox & Co. has secured more than $44 million in financing tied to three recent transactions, including a $7 million loan for an industrial facility in Totowa.