American Real Estate Partners acquired the corporate park for $24.75 million in early 2015. The property offers tenants flexible, highly efficient office space, along with a full-service café with new outdoor courtyard seating near, fitness centers, a conference center, and on-site property management in a meticulously landscaped park environment.
ELIZABETH, NJ—It's part of an emerging expansion of Uber's car-for-hire business in a tighter integration with local businesses, healthcare systems, transit-oriented developments and municipal traffic planning.
CHATHAM, NJ—In August 2015, the company received a majority equity commitment from Bain Capital Private Equity to support creation and expansion plans.
HFF arranged the financing for the developer, a joint venture partnership between Tulfra Real Estate and The Hampshire Companies, and placed the construction loan with M&T Bank.
NEWARK, NJ—An international entity advised by Arch Street Capital Advisors acquired the property, which is fully leased on a long-term basis to Panasonic Corporation of North America for the electronics company's US headquarters.
LIVINGSTON, NJ–In a market where almost half of the inventory was built before 1970, supply of for-sale product remains tight, as asking rents recently hit a 17-quarter streak of gains, according to Ken Uranowitz, president of Gebroe-Hammer Associates.
ELIZABETH, NJ—The Port of New York and New Jersey is the largest port on the East Coast, with some 6.4 million TEUs (twenty-foot equivalent units, a standard cargo measurement) handled in 2015, according to Anne Strauss-Wieder, director of freight planning of the North Jersey Transportation Planning Association.