New Jersey

In an exclusive TV interview with GlobeSt.com, former NJ Gov. Jim Florio says the state needs to use its resources more judiciously, investing to enhance existing sites, rather than building from scratch.

“This acquisition is a testament to the growing self-storage market in the metro New York area,” says Sonny Jumani, president and partner of Rochelle Park, NJ-based Tulfra Real Estate.

“Our expansion into Northern New Jersey is an important part of our overall acquisition strategy, which is focused on increasing our holdings in Tier I distribution markets," says Mark Crawford, vice president of acquisitions and dispositions for Duke.

“Growth and development bode well for existing apartment properties such as Forest Hill Terrace,” says Gebroe-Hammer Associates executive vice president David Jarvis.

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

Since 2008 Community Healthcare Associates has successfully revitalized and constructed new healthcare facilities in both New Jersey and New York.

“With a class A office vacancy rate around 3.5 percent, the creative office space that exists in Hoboken today is highly inefficient, while the balance of the office space on the market is more corporate,” says Transwestern's Matt McDonough.

“Internet shopping, the deepening of the Panama Canal and the raising of the Bayonne Bridge have created the need for more warehouses and logistics facilities,” says AESI's president, Mike Novak.