New Jersey

In central Pennsylvania's I-78/I-81 corridor, the 2018 vacancy rate has been about 6.1%, and net absorption is nearly 12.5 million square feet, according to Mike Hess, SIOR, of CBRE, who chaired the panel on the state of the submarkets.

President Trump may sign an executive order giving opportunity zone investments additional preferences in federal loan and grant funding, says Christopher Coes, vice president of land use and development, Smart Growth America.

A joint venture of Turnbridge Equities, a New York City-based, privately held full-service real estate investment and development firm, and Harbor Group International, purchased the 540,103-square-foot property from PNY Technologies.

"Active living communities are a rapidly growing subsector of senior living,” says Michael Hartman, principal – active living, Capitol Seniors Housing.

In an exclusive audio interview, Newark real estate attorney Ted Zangari says investors need to start identifying appreciated assets quickly so that they can engage in Opportunity Zone transactions before the end of 2019 to gain the maximum tax advantages.

Ralph Zucker's bet on Bell Works continues to pay off, as office space at the former Bell Labs building in Holmdel, NJ is now more than 80-percent leased.

“Leasing activity in both the office and industrial markets remain robust, pointing to a strong close for 2018.” says Dennis Waggner of Colliers International.

Although retailers/restaurants continue to lease retail space, others are closing down locations including some big box tenants who have been part of the retail landscape for many years.