News

Commercial brokerage firm CBRE reports that the firm, which specializes in commerce fulfillment, omni-channel distribution and reverse logistics, has committed to an industrial lease of 249,853 square feet at the property.

Indian Stream plans to open an Indian grocery store at the property that is located in the heart of Morris County's rapidly growing Asian community. The building is near Interstates 80 and 287 along one of Morris County's most heavily traveled retail corridors.

Savlan purchased the development from Lichtman Nass Development Group, LLC for $28 million, which calculates out to $84,337 per unit.

Rockefeller Group, a national owner and developer of real estate, has topped out its first luxury residential tower called the Rose Hill located at 30 E29th Street in the NoMad submarket.

The transaction serves as the firm's largest real estate portfolio acquisition to date.

The new campus will be a $1 billion 3-million-square-foot site that is to house an initial 5,000 employees when it opens in 2022, later growing to 15,000.

The firm completed the sale of a 364-unit Tennessee community, on behalf of Stoneleigh Companies.

WeWork may have disrupted the coworking sector, but smaller and local coworking spaces are catching up, according to a new survey from Clutch, a ratings and reviews platform.