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MIDDLETOWN, PA—Woodmont Industrial Partners has filled up yet another quarter-million square foot distribution center in central Pennsylvania, more evidence of roaring demand for logistics space in the Northeast as companies transform their supply chains to meet e-commerce needs and rapid delivery demands from consumers.
CHICAGO—The Chicago-based Tucker plans to develop mixed-use projects here similar to its work on the East Coast, which includes Hudson Lights, a one million square foot, mixed-use redevelopment in Fort Lee, NJ.
NORTH BERGEN, NJ—A little lipstick and some blush are helping the makeover continue at the former Liz Claiborne headquarters at 5901 West Side Avenue, North Bergen, NJ, where three new long-term tenants have signed up for almost 68,000 square feet of space.
SECAUCUS, NJ—DMR Architects recently completed Frontage Laboratories' new 36,000 square foot fit-out at 200 Meadowland Parkway in Secaucus, NJ. The clinical research facility is the first tenant in this space in three years.
CHICAGO— Occupiers absorbed a relatively small amount in the first quarter, but net absorption more than doubled in the second to reach 14.4 million square feet.
NEW YORK CITY—In the view of Ken McCarthy, chief economist with Cushman & Wakefield, flat wage growth was the “biggest disappointment” in the latest employment report.
LOS ANGELES—From multifamily to retail and office, downtown construction isn't slowing down, with more than 3 million square feet of commercial space, 10,000 multifamily units and 2,600 hotel rooms under construction.