NEWARK-Fueled by Panasonic’s recent lease deal here, Brick City Development Corp’s CEO Lyneir Richardson says the goal is another major development within 18 months.
EDISON, NJ-But the suburban office market is not dead, CEO Mitchell E. Hersh says, citing an uptick in leasing throughout the Garden State’s northern cities and central suburbs.
JERSEY CITY-The sale of three multifamily properties shows strength of New York City’s “sixth borough,” Gebroe Hammer Associates tells GlobeSt.com’s Debra Hazel.
PRINCETON, NJ-A two-million-square-foot Princeton office complex will be acquired in a 1031 exchange between two private equity firms here, Boston Properties confirms.
ELMWOOD PARK, NJ-The transactions cover multifamily buildings in several municipalities here, including Wood-Ridge, Hasbrouck Heights, Rutherford and Teaneck.
SADDLE BROOK, NJ-Showing the highest net absorption since 2007, the Garden State’s industrial market is on the upswing, according to 2011 Q1 data from CBRE.