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New Jersey’s original leading source for commercial real estate news focusing on northern, central and southern Jersey locales covering analysis, trends, events and resources in office, industrial, retail, multifamily, hotel, healthcare and net lease property sectors.

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    Freight Company Lease Brings State-of-the-Art Teterboro Flex to Full Occupancy

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    The property was originally built by James E. Hanson, NAI Hanson's founder. The real estate company relocated its own headquarters there after renovating the building last year.

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    Marcus & Millichap Brokers Headquarters Office and Retail Shopping Center Sales Worth $31M

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    The BP Lubricants USA building is fully occupied by BP’s premium brand, Castrol Oil, which uses the property as its corporate headquarters.

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    Liberty is adding "well-located properties" to its portfolio, says Michael Cohen, senior vice president of investments for Liberty, and expects more acquisitions in 2019 .

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    CBRE Arranges Sale of Toys ‘R’ US HQ in Wayne, NJ

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    “The chance to own a site like One Geoffrey Way does not come around often,” says Jeffrey Babikian, a CBRE executive vice president. Originally built as a headquarters for American Cyanamid, Toys 'R' Us occupied the property for 16 years.

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    Amboy Bank Provides $51M Financing for Former NFL Player Turned Developer

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    Amboy Bank previously provided $50 million to finance a health and fitness complex and medical office complexes on the Bordentown development.

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    State Farm Sells 300 Kimball Drive in Parsippany, NJ for $66M

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    The five-story office building is LEED Silver certified, a recipient of BOMA Building of the Year and offers tenants an outstanding amenity package, including a fitness center with locker rooms, full-service cafeteria, conference center, atrium lobby, walking trail, outdoor patio and covered parking.

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    City Approvals Pave Way for Work to Begin Soon on Luxury Condo Project on Delray Beach

    John Jordan |

    Located at 1901 South Ocean Blvd., the project will be located on the land currently occupied by the Wright by the Sea Hotel. The hotel will be demolished at the end of April and construction will begin on Ocean Delray immediately thereafter.

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    PAG had a unique opportunity to acquire a value-add retail center in one of the state’s primary retail corridors, says HFF's Michael Klein.

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    NJEDA and DEP Expand Community Collaborative Initiative into Nine Additional Cities 

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    “Building a stronger, fairer New Jersey economy requires taking an innovative approach to community revitalization that acknowledges economic prosperity and environmental sustainability are not competing goals but mutually reinforcing ideals,” says Governor Phil Murphy.

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    Developers Need to Take Special Care with Quirky Opportunity Zone Rules

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Resources

  • Can Artificial Intelligence Really Predict When a Tenant is About to Leave?

    Can Artificial Intelligence Really Predict When a Tenant is About to Leave?

    From Okapi

    Artificial Intelligence (AI) is transforming what’s possible in CRE. Learn how this innovative technology is allowing property managers to predict a tenant’s behavior, streamline resources, and reduce costs.

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