New Jersey

Frazier and Merck made news yesterday when in announcing its first quarter financial results, the pharmaceutical firm announced its intent to consolidate its New Jersey campuses into a single New Jersey headquarters location in Rahway by the end of 2023.

RENTCafe found renters do not intend to postpone their moving plans despite the coronavirus, with 62% saying they are moving as soon as they find an apartment.

Earlier last year, the firm acquired The Reserve at Copper Chase, a 132-unit apartment and townhome community at 3145 Honey Run Drive less than 10 miles from the View at Mackenzi.

Tenants are re-assessing per employee space allocations with an eye toward de-densifying and providing more space per employee, says the REIT's Steven Durels.

The 100% leased property is anchored by Home Depot and also includes PetSmart, Wendy's, T-Mobile and Mattress Firm on its tenant roster.

This transaction allows VICI to maintain the existing financial terms of its master lease with Caesars, says COO John Payne.

As of April 20, the multifamily portfolio has a current percentage leased rate of 95%. The remainder of outstanding collections of 4% is largely from tenants who are seeking a payment plan, the company states.

The coronavirus crisis has shown companies how much business is possible to be accomplished over the phone and video conferencing, Avison Young says in a Q1 report on the state's office market.