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The Bayonne development is comprised of several buildings, which include a new 218-key premium hotel, nearly 75,000 square feet of retail space, and 4,500 residential housing units.
Class A buildings in proximity to NJ Transit train stations remained on the radar screen for office occupiers with space requirements. More than 95.0% of the leases completed during the first half of 2019 were concentrated in Class A buildings.
The industry is experiencing a shortage in the workforce and McCarthy is actively working to solve this by creating a director of craft training and development role to ensure crews are properly trained and developed.
MIT's Skylar Tibbits forecasts a world where buildings and machines will be self-assembling, replicating, and repairing—changing cities, businesses, and manufacturing at the CREW Network Convention on Thursday.
"We are thrilled to provide our marketplace with access to institutional-quality opportunities in the senior living sector," said Keith Lampi, president and chief operating officer of IPC.
One of the highlights of the evening program will be when Anne Evans Estabrook of Elberon Development, Mindy Lissner of CBRE and Diana Fainberg of D.E. Fainberg will be inducted into the NAIOP New Jersey Hall of Fame.