EAST RUTHERFORD, NJ-Demand was sharply up and vacancy was markedly down for the industrial property in the first quarter as more than 5 million square feet was leased, according to Cushman & Wakefield.
PARSIPPANY, NJ-Cushman & Wakefield says vacancy in Morris County has risen more than 3% from Q1 last year, and is now approaching the one-third mark.
CHERRY HILL, NJ-The town will make every effort, including buying the 155-acre golf course if possible, to keep Woodcrest Country Club as open space, says the mayor.
ATLANTIC CITY-In the seven years since casinos opened in Pennsylvania and New York, profits have declined here, and the dip in 2012 was worsened by effects of Hurricane Sandy.
PISCATAWAY, NJ-PISCATAWAY, NJ-The Hampshire Cos. has leased most of a large building it has renovated to a French multinational defense and aerospace company.
MORRISTOWN, NJ-Office vacancy peaked at 22% in northern New Jersey and there was overall negative absorption for the state, says Avison Young. Still, there are a few encouraging trends.