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TEANECK, NJ—Pharmaceutical manufacturer Kyorin U.S.A. Inc., a subsidiary of Tokyo, Japan-based Kyorin Pharmaceutical Co. Ltd., has renewed its 2,370-square-foot lease at Glenpointe Centre West, located at 500 Frank W. Burr Blvd. in Teaneck.
FAIRLESS HILLS, PA—Keystone NAP will launch the first advanced data center in the Northeast capable of meeting the needs of today's web-scale enterprises. The center is expected to open in the first quarter of 2015.
PARSIPPANY, NJ—Transwestern has received the Heart Award from the New Jersey chapter of The Building Owners and Managers Association, recognizing the firm's dedication to its community through volunteer work and charitable initiatives.
NEWARK, NJ—Apparently running short of space for its burgeoning staff in a new corporate tower nearing completion, Prudential Financial has extended its lease at Two Gateway Center. It's the second lease Prudential has decided to extend in the Gateway Center complex.
EATONTOWN, NJ—Nordstrom Rack will be occupying 35,500 square feet in The Crossroads at Eatontown, 231 Highway 35, Eatontown, NJ, with an opening scheduled for fall 2015.
NORTH BRUNSWICK/NEW BRUNSWICK, NJ—The sale of a two-building industrial offering in North Brunswick and New Brunswick reflects strong investor demand in New Jersey's distribution corridor. Cushman & Wakefield's Metropolitan Area Capital Markets Group orchestrated the trade of 1000 Corporate and 571 Jersey Avenue to Principal Real Estate Investors.
VINELAND, NJ—Stan Johnson Company has completed the sale of a 37,660 SF Vineland, NJ, medical property to Lexington Realty Trust for $19.1 million.
WOODBRIDGE, NJ—In a major repositioning, the owner of 120 Wood Avenue South—also home to the Hotel Woodbridge at Metropark—will enhance the property's office space to meet the demands of the robust Iselin, NJ leasing market. Major capital improvements to common areas and amenities at the 467,575-square-foot, mixed-use asset will commence in the first quarter of 2015.
CAMDEN, NJ--The MD Anderson Cancer Center at Cooper was built to create hope for the environment as well as for its patients. The center has been recognized by the US Green Building Council's New Jersey Chapter for setting a new standard for sustainability among health care facilities.
In this deal-tracker roundup, we report on several development, sales, and lease deals announced in New Jersey recently. Among them, the $23.5 million construction/permanent loan from Amboy Bank for The Cobalt, a new upscale apartment development in Somerville, NJ.
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Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
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Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
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Download ResourceFrom TheGuarantors
Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
Download ResourceFrom Placer.ai
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Download ResourceFrom Assurant
Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download ResourceFrom Placer.ai
Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download Resource