New Jersey

There was also unsettling news for Florida and particularly the southern section of the state as the report puts the state of Florida at number one with the most susceptibility to storm surge flooding of the 19 states analyzed.

“The I-287 corridor office submarket is recognized as one of the most improved office submarkets in the state due to the tightening availability rate, inflation of rents and the ongoing repurposing of office buildings for alternative uses in Piscataway,” says Colliers' Jacklene Chesler.

The sale included 166 of 179 units from the seller, six units from third parties and an agreement for the seller to construct an additional 63 units on the property for the purchaser.

The three-story, 125,000-square-foot self-storage facility will contain 765 climate-controlled and 160 non-climate-controlled units in a variety of sizes.

Investors are still searching for well-located industrial buildings near New Jersey's most-heavily trafficked transportation arteries, according to NAI Hanson's Jeff DeMagistris.

A roundup of the latest leases, sales and other transactions in the Northeast middle markets.

Cloud-based construction accounting software can help general contractors, homebuilders, subcontractors, specialty contractors and land developers increase margins and tighten project control, says Integrated Business Systems' Mike Mullin.

The two commercial real estate firms will have a combined AUM of approximately $7.5 billion.