Globest Sectors

"There was excellent interest across the spectrum, including private, institutional and REIT investors."

The 824,000-square-foot complex traded for $180 million to an undisclosed buyer. Westinghouse signed a 15-year lease for the entire complex in 2017.

While there may be questions about the future of the GSEs, capital is lining up to support affordability.

In the US multifamily sector alone, more than $2.9 trillion of assets depend on valuation expertise for every transaction.

Cushman & Wakefield reports US Foods has signed a lease renewal for 275,000 square feet at 9399 W. Higgins Road, part of the Riverway office campus. The lease renewal includes an option for further expansion at Riverway.

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.

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.

Hospitality assets are the highest users of energy in commercial real estate, but there are profitable solutions to energy reduction.