Industrial

Under the Community Development Financial Institution initiative, the NJEDA will make up to $15 million available to CDFIs to expand their capacity to provide financing to New Jersey small businesses. Applications for the program are expected to be available in September 2019.

With the legalization of cannabis, there is a lot of excitement for new real estate uses, but there are still challenges to investing.

An industrial development is planned for the 10-acre site at the March Air Reserve Base in the Inland Empire.

NorthPoint Development LLC nabbed the site located at US 90 and Uvalde Road where it plans to develop a 2.5 million-square-foot master-planned industrial park called NorthPoint 90 Logistics Center.

The four asset industrial portfolio trades hands for $105 million to Lincoln Property Co.

The Los Alamitos Corporate Center has 17 buildings on a 36.9-acre lot and is 98% leased.

A 341,252-square-foot 14-building industrial portfolio at 2700 Greens Rd. was recently sold by Aero Greensmor LP to an undisclosed buyer for an undisclosed price.

RealPage Market Analytics is a lease transaction-driven market research platform that reportedly provides 100% visibility into performance data that is critical to making investment decisions.