Engineering firm McLaren opening 57K sq.ft. office in Woodcliff Lake
A New York-based engineering firm is opening an office in Woodcliff Lake, bringing at least 130 jobs to New Jersey this summer, it announced Tuesday.
McLaren Engineering Group, a national firm based in West Nyack,...
Dranoff sells apartment portfolio, includes N.J. site
Dranoff Properties Inc. and Apartment Investment and Management Co. jointly announced that Dranoff will sell Aimco its apartment community holdings in the Philadelphia area, which includes one in New jersey, for $445 million.
The portfolio...
Health club signs lease in Newark’s West Ward
An LA Fitness health club is coming to Newark’s West Ward under a development deal that recently obtained land-use approvals, real estate investment firm JJ Operating Inc. announced Monday.
JJ Operating said in a news...
Icahn to sell Tropicana Entertainment for $1.85B
Eldorado Resorts Inc. and Gaming and Leisure Properties Inc. entered into an agreement to jointly purchasing Carl Icahn’s casino operator Tropicana Entertainment Inc. for $1.85 billion, the pair announced Monday.
Under terms of the deal,...
HFF sets up $7.7M in financing for industrial acquisition
Holliday Fenoglio Fowler L.P. has arranged $7.65 million in acquisition financing for a three-building industrial portfolio in Logan Township, the firm said Monday.
The properties, totaling 193,379 square feet, were acquired by Foxfield Industrial, a...
North Bergen luxury building sells for $25M, Kislak says
A new luxury multifamily property in North Bergen has sold for $25.4 million, according to the Kislak Co. Inc.
The five-story, 122-unit property called Plaza 53 was developed by 1122 53rd Street Urban Renewal LLC...
Cushman & Wakefield names managing director of N.J. brokerage operations
Cushman & Wakefield has hired Brian Decillis as a managing director of its New Jersey brokerage operations, according to Andrew Judd, managing principal and head of the firm’s New Jersey region.
Decillis will be based...
Renewals helped N.J. office market in Q1, CBRE says
Lease renewals helped prop up a weak New Jersey commercial real estate market in the first quarter of 2018, according to a report from CBRE.
The report, released this week, found that leasing activity fell...
NKF named leasing agent for Interpace Parkway portfolio
Newmark Knight Frank announced Friday it has been named the exclusive leasing agent for buildings on Interpace Parkway in Parsippany.
NKF was awarded the spaces from the owners of the property, a joint venture between...
N.J. industrial real estate ‘red hot,’ C&W reports
The North and Central Jersey industrial market has started this year off “red hot,” according to Cushman & Wakefield.
“As the New Jersey industrial market lies within the largest consumer base and one of the...
