New Jersey

MCR, which is headquartered in New York City and Dallas, acquired the 150-room hotel located nearby the Prudential Center, a major entertainment venue and home to the New Jersey Devils, for an undisclosed price.

The firm has shifted from its 6,000-square-foot headquarters in Elizabeth to approximately 12,000 square feet of space at 45 Academy St. in Newark.

The brokerage firm ranked the top 10 warehouse markets with the Inland Empire, CA leading the way with 23.4 million square feet in the ground and a 3.2% vacancy rate and 9.4% annual rent growth.

When fully operational, the campus will have capacity to educate and train 200 medical students.

American Equity Partners plans to improve and reposition the 23-story One Tower by reimagining the lobby, expanding the amenity package and “reinvigorating the trophy asset,” CBRE reports.

Morgan Stanley provided the 10-year, interest-only loan to Strategic Real Estate LLC to finance the sponsor's prior all-cash acquisition of the office complex.

The Port Authority announced on Monday the completion of the ExpressRail Port Jersey facility, operated by GCT Bayonne – the final piece of the Port of New York and New Jersey's intermodal rail network spanning facilities in Elizabeth, Newark and Staten Island, NY.

The Fair Lawn location is RD Foods Americas' third New Jersey warehouse and will be used to distribute a variety of international, fresh and high-quality food ranging from seafood to fruits and vegetables.