Original Northeast commercial real estate news & events for New York, New Jersey, Boston, Philadelphia, and other northeastern US states, plus expert insights, commentary and analysis into secondary and tertiary regional and local markets.
The market's diversity was on display during the quarter, as companies from various industries, including retail, manufacturing, life sciences, insurance and telecommunications, signed large office leases, say Transwestern's Matthew McDonough and Matthew Dolly.
Business groups want approval of the tech hub without delay. Other community members and politicians support the project with some zoning restrictions.
As part of the administration's “Freight NYC” initiative, the New York City Economic Development Corp. will release on Friday a request for proposal for a private partner to build an Urban Distribution Center totaling 500,000 square feet or more at the Brooklyn Army Terminal.
GlobeSt.com spoke with Real Estate Roundtable CEO Jeffrey DeBoer and Roundtable SVP and Counsel Ryan McCormick to get a better understanding of how this program will work.
There were approximately 303,656 square feet of new leases and renewals executed in the three counties surveyed (Burlington, Camden and Gloucester), a gain of about 10% over the previous quarter, says WCRE's Jason Wolf.