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New Jersey's office market recorded nearly 10 million square feet of positive absorption during the final seven years of the 2010s, Transwestern stated in its Fourth Quarter 2019 Office Market Report for New Jersey.
GlobeSt.com mingled with attendees to discuss what 2019 has shown them and what insight it will bring in 2020, including diversity initiatives and a change in attitude from one of fear to optimism about the investment sales market.
NJEDA managing director of business development Paul Ceppi said at the event staged on Jan. 17 that the transportation-logistics sector accounts for nearly 200,000 private sector jobs and $23 billion into the economy.
Grosvenor recently committed a loan of $17.5 million for Dividend Homes' Maravilla, a development of 55 townhomes which will commence this month with delivery slated for July 2021.
Cushman & Wakefield's report Demographic Shifts: The World in 2030 analyzes the seismic shifts in international workforces as 693 million Baby Boomers reach retirement age and 1.3 billion Gen Zers begin working.
1407 Texas St. will be vacated in this quarter by its current tenant, Simpli.fi, which will immediately position the property for perspective owners and tenants, and marketing efforts will then be relaunched.
The eight-story office building at 2417 Third Ave. in Mott Haven sits along the waterfront and is slated to benefit from strong appreciation in the burgeoning market.