New Jersey

The market's cap rate of 4.0% indicates continued high property values, mainly because of its proximity to a range of transportation options and the major ports, says Brian Fiumara of CBRE.

The increase in market value of MetLife's CRE investments is being driven by strong activity throughout North and South American, European, and Asian markets.

The sale will allow Somerset to transform the vacant former AT&T campus into the Chicago region's first “Metroburb,” modeled after its successful NJ version.

"Jeremy's reputation as a meticulous professional with keen leadership qualities is well-deserved. With his guidance, the firm will continue our out-of-the-box thinking," says founder Malcolm McLaren.

Valley National announced on Feb. 13 it planned to engage in a sale/leaseback on a total of 29 properties that includes 28 branches and one corporate location for a total aggregate purchase price of approximately $107 million.

With these transactions, Colony adds 694,962 square feet to its industrial portfolio in two key major metro markets.

The wholesale club is now the anchor tenant of the major mixed-use development at Bayonne's Military Ocean Terminal.

The organization plans to present their proposal to political leaders in Washington, DC next week.