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Top Story

Broadreach Sells Dolce Basking Ridge Hotel for $30M

BASKING RIDGE, NJ—The hotel is in the heart of northern New Jersey on the border of Somerset and Morris Counties, near 49 million square feet of office space and numerous Fortune 500 companies, including Verizon, Chubb Insurance and ADP, all located directly across from the hotel.

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New Jersey Headlines

Middle Market Digest

Middle Market Digest: This Week in the Northeast

Here is a roundup of the latest leases, sales and other transactions in the Northeast middle markets.

Seagis Acquires 500K SF Linden, NJ, Industrial Asset for $42.75M

LINDEN, NJ—Planned improvements include roofing, new entrances, new building facades and windows, modernization of the building’s 98 loading doors and five drive-in dock doors, as well as the installation of T5 lighting.

Brownfield Redevelopment Challenging, But Not Impossible, Say Experts

"You have to understand the contamination that is on the property, you have to do your due diligence, you have to make sure you get a price that allows you to do whatever work needs to be done on the property, and that means you’ve got to be willing to accept some delays,” says FoxRothschild partner Philip Hinerman.

Spotlight On

Real Estate Executives See Softening But Perhaps a New Normal?

SAN FRANCISCO—Top real estate executives’ confidence in the US economy and housing market for 2017 has softened compared to two years ago, however, California’s economy continues to outpace the US economy.

News

Carter Validus Places $51M CMBS Debt on McLean Data Center Portfolio

McLEAN, VA--Wells Fargo executed the CMBS financing and CBRE’s Atlanta Capital Markets Debt and Structured Finance group structured the five-year loan.

Middle Market Digest

Middle Market Digest: This Week in the Northeast

Here is a roundup of the latest leases, sales and other transactions in the Northeast middle markets.

Current Issue

Cover Story

The Wheels Keep on Turning

Facing continued slow and steady growth in US GDP, heightened global uncertainty and lower yield expectations, institutions don’t anticipate tapping the brakes on investment any time soon.

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