Industrial

While capital likes multifamily and industrial, most CRE sectors, even retail, have a positive story.

NAI James E. Hanson, the exclusive leasing broker for the former Ballantine Brewery located in the Ironbound district in Newark, reports that it negotiated industrial leases for 16,504 square feet with L. Gambert, LLC, 11,000 square feet with Windsor, and 9,000 square feet with Eli Fashion.

Avison Young was able to secure an early renewal and extension lease at 330 Washington Ave. allowing VGS to stay in the saturated Carlstadt/Rutherford submarket, while also negotiating other terms including a tenant improvement package.

The new hires will be led by Newmark Knight Frank senior managing director and NKF V&A market leader for Illinois, Kansas and Missouri, John Mackris, MAI, MRICS, CCIM.

Industrial and multifamily will remain the darlings of the commercial real estate markets, while office will fall behind.

As investors find opportunity in cold storage investment, cap rates are pushing closer to high-quality warehouses.

There is cautious excitement around PropTech, coupled with the possibility of explosive growth ahead in 2020, ponders Nitin Vig, CEO for Mobile Doorman, in this EXCLUSIVE.

The 243-acre parcel falls within Orlando's Airport/Lake Nona submarket, which is one of the largest and most in-demand industrial submarkets in Central Florida.