New Jersey

The property is ideally located to serve the growing demand for last-mile distribution facilities in the Northeast, says Andrew Skydell, founder of Simi Capital.

The Cushman & Wakefield quarterly research findings suggest a strong start in office and industrial markets for 2019.

Tom Wisniewski, managing partner at Newark Venture Partners, a StackSource investor, calls StackSource "simply commercial real estate lending for the 21st century."

“Its success is reflective of Rockefeller Group's long track record of successful Garden State developments, as well as the shifting market fundamentals that are driving tenants to the 287 market,” says Cushman & Wakefield's Jules Nissim.

"Infill product close to New York City has become more expensive to lease and difficult to acquire as a result of limited supply and voracious tenant demand," says Christopher M. Bellapianta of Camber Real Estate Partners.

Current MTA President Patrick J. Foye, a favorite Cuomo transportation appointee, was nominated by the governor as the new chairman of the MTA. Foye will succeed Acting MTA Chairman Fernando Ferrer.

The market's cap rate of 4.0% indicates continued high property values, mainly because of its proximity to a range of transportation options and the major ports, says Brian Fiumara of CBRE.

The increase in market value of MetLife's CRE investments is being driven by strong activity throughout North and South American, European, and Asian markets.