Industrial

Experiential real estate such as all-inclusive resorts in the hospitality sector and the gaming industry are expected to do well, says PwC partner Tim Bodner.

The "Steel Topping Out" ceremony featured the placement of the final exterior steel beam atop the 1-million-square-foot frame of the brand-new terminal at Newark Liberty International Airport.

The property is zoned for industrial use with a range of proposed uses including office, warehouse, fabrication and more.

"We need real estate investors and brokers in this business bringing capital to deals because we cannot go to banks," say panelists at CCIM's recent Global Conference.

The clean-up projects will facilitate the adaptive reuse of the properties for future use as parks, and business and residential properties.

The 7.2 MW-rated solar installation at Iron Mountain's data center in Edison (NJE-1) is forecast to generate more than 9 Million KWhrs per year, which is enough electricity to power more than 1,000 homes for a year.

Wayne Schuchts, an Avison principal, closed the deal on behalf of both seller and buyer.

In its bankruptcy filing, Destination Maternity will commence to shutter no fewer than 175 locations by Oct. 28 and no fewer than 35 additional locations by Nov. 1.