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KEARNY, NJ—Global logistics provider Mainfreight has signed a long-term, 110,147-square-foot industrial lease at RTC Properties’ 50 Cable Drive in Kearny, NJ. The transaction was arranged by a CBRE team led by executive vice president William Waxman. Mainfreight provides managed warehousing, … Continue reading →

U.S. Industrial Vacancy Rate Hits Record Low in 2017 as Technology, Consumer Tastes Change Posted on April 24, 2018 by Camren Skelton in Features, Industrial Pictured, Silicon Valley Industrial Center in San Jose. According to the report, the California metro … Continue reading →

Sitex Group’s 271 KSF Facility in NJ Finds Tenant The newly completed facility is close to major thoroughfares, most notably Route 17 and interstates 87 and 287. NAI James E. Hanson arranged the long-term lease with a tools manufacturer. by … Continue reading →

NEWARK, NJ — Amazon representatives met with local community leaders in Newark on Tuesday to “fine-tune” the city’s pitch to land the retail giant’s new headquarters, dubbed HQ2. Aisha Glover, president and CEO of the Newark Community Economic Development Corporation, … Continue reading →

Is waste management station an issue? Garbage is shown at the Waste Management Inc. transfer Garbage is shown at the Waste Management Inc. transfer station in Hillsdale, Thursday, March 1, 2018. (Photo: Kevin R. Wexler/NorthJersey.com) One business that doesn’t fall … Continue reading →

HACKENSACK, NJ—Kushner Companies has acquired Prospect Place, a 360-unit, two-building multi-housing property in Hackensack, NJ. Industry observers familiar with the property say the purchase price was around $100 million. Holliday Fenoglio Fowler marketed the property exclusively on behalf of the … Continue reading →

PENNSAUKEN, N.J. — Colliers International has negotiated the sale of three industrial buildings in Southern New Jersey for a combined $7.5 million. The three properties located in Pennsauken include: 9240 Commerce Highway, a 67,600-square-foot warehouse acquired by a private investor … Continue reading →

Weiss Realty Acquires 48,492 SF Office Building in Neptune, New Jersey, for $8.6M POSTED ON DECEMBER 18, 2017 BY AMY WORKS IN NEW JERSEY, NORTHEAST, OFFICE 1800-1836-W-Lake-St-Ave-Neptune-NJ Hackensack Meridian, the Department of Treasury for the State of New Jersey and … Continue reading →

NJ Warehouse Market at Historic Levels The growth of online shopping, which is stretching package delivery systems across the U.S., is sparking a frenzy in New Jersey’s commercial real-estate market. Despite a feverish pace of construction in recent years, tight … Continue reading →

NJ Transit wanted the land for its plan to build a tunnel connecting New York and New Jersey. After the project was canceled, the family of a reputed mobster that owned the land wanted the money. Now the family of … Continue reading →