New Jersey

The RPA report suggests the creation of T-REX could be done in three phases—the first phase would be the development of the “Crosstown Line” that would involve the construction of new tracks and tunnels under the East River to provide service between New Jersey and Long Island.

Prologis CEO Hamid R. Moghadam says the two portfolios are highly complementary.

The transaction will help facilitate the relocation of administrative functions and a distribution operation currently located in Windsor, CT.

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

The alliance with JLL will contribute to Glenpointe's continued growth as a leading multi-faceted property, says Ryan Sanzari, chief operating officer of Alfred Sanzari Enterprises.

“These two class A office properties are profiled differently, with value-add and core-plus attributes for 20 Waterview and 35 Waterview, respectively," says Thomas Walsh, JLL managing director.

“Hudson County is among the hottest development markets, especially for multifamily properties, in the Tri-State Area,” says Kislak's Scott Davidovic.

Around 40 percent of the office space removed from inventory was in the Parsippany submarket.