News
Samsung leaving New Jersey, leaving Englewood Cliffs campus vacant once again " Real Estate NJ
1+ hour, 15+ min ago (260+ words) A high-profile office campus in Englewood Cliffs will be vacated for the second time in two years, with Samsung Electronics America reportedly set to move its headquarters to Texas. The company has called New Jersey home for more than 40 years,…...
Data centers: Sherrill eyes plan to manage energy costs, community concerns while promoting AI growth
4+ day, 16+ hour ago (356+ words) Gov. Mikie Sherrill is taking steps to manage the impact of new data center development in New Jersey, announcing a plan to establish guardrails while still allowing the state to benefit from innovations in artificial intelligence. According to Sherrill's office,…...
Owner of 500, 000 sq. ft. Middlesex industrial building lands $50 million B-note, Wilcox says
1+ week, 6+ day ago (172+ words) Real Estate NJ A big-box warehouse owner in Middlesex County has secured a $50 million loan for the property, in a newly announced deal by G. S. Wilcox & Co. Gretchen Wilcox, president and founder of the mortgage banking firm, worked alongside Principal Al…...
CBRE: Sterling Organization scores $18 million loan for Perth Amboy retail center
1+ week, 6+ day ago (210+ words) The owner of a grocery-anchored retail center in Perth Amboy has secured more than $18. 4 million in financing for the property, brokers with CBRE announced Monday. According to a news release, Nationwide provided the loan in connection with the 91, 280-square-foot Convery…...
Sherrill signs order to speed housing production, eyeing cross-agency council with key deadlines
1+ mon, 3+ day ago (264+ words) Gov. Mikie Sherrill is making a push to accelerate housing production in the state, announcing plans for a new multiagency council and several other steps to reduce barriers to development. Sherrill signed the order alongside a bevy of lawmakers and…...
Newmark Associates named leasing team for 129, 000 sq. ft. West Orange office building
1+ mon, 3+ day ago (244+ words) The owner of a more than 129, 000-square-foot office building in West Orange has tapped Newmark Associates CRE as its leasing team, the real estate services firm announced last week. The property, 300 Executive Drive, changed hands recently in a $17 million deal…...
RH Outlet debuts 51, 000 sq. ft. Paramus store, reviving long-vacant box in prime location
1+ mon, 3+ day ago (386+ words) RH Outlet has a new address in Paramus, unveiling a nearly 51, 000-square-foot store under a lease arranged by RIPCO Real Estate and Levin Management Corp. The retailer, known for its luxury home furnishings, has opened at 200 IKEA Drive in a…...
Ambulance, emergency vehicle dealer expanding with 75, 000 sq. ft. lease in Lakewood
1+ mon, 1+ week ago (240+ words) Sudler Cos. has secured a full-building, 75, 000-square-foot industrial lease in Lakewood with a seller and upfitter of emergency and specialty vehicles, brokers with Avison Young announced. The tenant, First Priority Group, has taken the space at 1719 Oak St. as part…...
Triumvirate Realty sells updated 129, 000 sq. ft. office building in West Orange for $17 million
1+ mon, 3+ week ago (210+ words) Investors have sold a more than 129, 000-square-foot office building in West Orange for $17 million, in a newly announced deal by Cushman & Wakefield. The brokerage team said the property, 300 Executive Drive, was fully leased at the time of the sale by…...
Vacant 5, 600 sq. ft. office building in Englewood Cliffs fetches $1. 8 million, Kislak says
1+ mon, 3+ week ago (156+ words) A private buyer has closed on a vacant 5, 600-square-foot office building in Englewood Cliffs, in a newly announced deal by The Kislak Co. Inc. The two-story property, 631 East Palisade Ave. , changed hands for $1. 757 million after being marketed by the brokerage…...