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Industry News

04.2020
Prudential Waives April Rent for Newark Retail Tenants

Company's Response During Pandemic Also Includes Vow to Pay Building Services Vendors Prudential Waives April Rent for Newark Retail Tenants... ... Read More

04.2020
Coronavirus means business for Matawan game maker, but closed stores makes it tough

Stuck at home, playing board games and putting together puzzles around the table with the family? Count Brian Turtle in. Turtle sells games. "Honestly, there is only so mu... Read More

04.2020
PTC Therapeutics Signs Major Lease Deal at the NJ Center of Excellence

BRIDGEWATER, NJ-PTC Therapeutics Inc. has signed a long-term lease for 101,500 square feet of space at Thor Equities Group's New Jersey Center of Excellence complex here. ... Read More

03.2020
N.J. couple adjusts to “drastic change" after nearly 40 years of owning local coffee shop

When Dean Stephens and his wife, Linda, turned off the lights and closed up shop at the Lambertville Trading Company last Friday, an overwhelming feeling overcame them. Th... Read More

03.2020
Wegmans looking to hire at least 500 workers for its N.J. stores

Wegmans announced on Tuesday plans to hire more than 500 employees throughout its nine New Jersey grocery stores to help during the coronavirus pandemic. Full-time and par... Read More

03.2020
Supermarkets, grocery stores are shifting hours, adding hours for seniors and have purchase limits. What you need to know. (03/31/20)

Gov. Phil Murphy announced March 21 that, in response to the coronavirus outbreak, all non-essential businesses would close. Grocery stores, along with pharmacies and gas ... Read More

03.2020
JMF Properties brings major retail tenants to NJ

A rendering of the new AC Hotel by Marriott in Morristown, a 160-room hotel that recently broke ground at 190 Park Ave., just off of Route 24. It is expected to open in la... Read More

03.2020
Bank, falafel chain join Rutherford retail center – Real Estate NJ

By Joshua Burd A bank and a falafel chain have leased a combined 4,120 square feet at a Rutherford shopping center, brokers with The Goldstein Group announced Monday. The ... Read More

03.2020
Jersey City Film Studio Projects Secure $48.25M in Financing

JERSEY CITY, NJ-New York City-based developer INDUSTRY GO has secured a $48.25-million loan for the conversion of two warehouse buildings here into Class A film and televi... Read More

03.2020
Thor Sciences Leases +100,000 SF to PTC Therapeutics & Platform Exceeds 1M SF

Thor Equities Group, a global leader in urban real estate development, leasing and management, announced today that it has executed a long term lease with PTC Therapeutics... Read More

03.2020
Amazon Snags Two New Jersey Fairway Stores in Bankruptcy

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success. This news story is available exclusively to CoStar ... Read More

03.2020
Prudential tells tenants it will not collect rent next month, in an effort to stem local layoffs

Prudential, the Newark-based insurance and financial giant whose iconic headquarters building anchors the city's downtown, said it will waive April rent for tenants in its... Read More

03.2020
City Prepares to Convert Temple’s Liacouras Center for Health Care Use in Response to Spread of Coronavirus

PHILADELPHIA-Federal, state and city health officials have begun preparations to convert the home of the Temple University Owls basketball team into a health care facility... Read More

03.2020
Wolf Commercial Negotiates 3,400 SF Office Lease in Burlington, New Jersey

BURLINGTON, N. J. - Wolf Commercial Real Estate (WCRE) has negotiated a 3,400-square-foot office lease for Innovative Life of New Jersey LLC in Burlington, a northeastern ... Read More

03.2020
UPDATE: Morris Plains has six cases of COVID-19

MORRIS PLAINS - The borough has six cases of COVID-19 as of Thursday, March 26. The first case of COVID-19 in Morris Plains was reported Friday, March 20. "Late last eveni... Read More

03.2020
UPDATE: Morris Plains has six cases of COVID-19

MORRIS PLAINS - The borough has six cases of COVID-19 as of Thursday, March 26. The first case of COVID-19 in Morris Plains was reported Friday, March 20. "Late last eveni... Read More

03.2020
Two Medical Leases Totaling Nearly 27,000 SF Signed in Clifton

CLIFTON, NJ-Commercial brokerage firm NAI James E. Hanson reports it has negotiated two medical office lease deals totaling 26,945 square feet at First Equity Development'... Read More

03.2020
New Jersey Announces Major Banks Offering Coronavirus Mortgage Payment Relief

TRENTON, NJ-New Jersey Gov. Phil Murphy announced on Saturday that a group of major banks have joined other financial institutions to provide New Jersey homeowners mortgag... Read More

03.2020
Wawa reopens closed N.J. store after worker tests positive for coronavirus

Wawa, a super-convenience store chain with almost 900 sites along the East Coast, closed one of its 255 stores in New Jersey this month after a worker tested positive for ... Read More

03.2020
At least 1 worker at N.J. Amazon warehouse tests positive for coronavirus

At least one employee at an Amazon facility in Teterboro tested positive for the coronavirus, but other employees weren't notified until more than a week after one person ... Read More

NAI GLOBAL NEWS

03.2020 NAI Pleasant Valley sells 31,000-square-foot industrial building in Ohio

NAI Pleasant Valley, an office of NAI Global, closed the sale of the industrial building at 1550 Enterprise Par... Read More

03.2020 Johnson and Johnson Insurance to Open Additional Office Space in Mt. Pleasant

Johnson and Johnson Insurance to Open Additional Office Space in Mt. Pleasant CHARLESTON, SC (March 30, 2020) ... Read More

03.2020 NAI Capital Adds Tenant Broker in Pasadena

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive ... Read More

03.2020 NAI Legacy Closes on New Opportunity Zone Development in Robbinsdale, MN

MINNEAPOLIS, MN –March 27, 2020 NAI Legacy announced today that it has closed on Birdtown Flats, a new luxur... Read More

03.2020 NAI Hanson Arranges 2 Leases for New Jersey MOB

NAI James E. Hanson has negotiated two leases-one extension totaling 21,895 square feet with St. Joseph's Hospi... Read More

03.2020 NAI Partners Arranges 48,400 SF Healthcare Build-to-Suit Lease in Metro Houston

PEARLAND, TEXAS - NAI Partners has arranged a 48,400-square-foot build-to-suit lease at 11200 Broadway St. in P... Read More

03.2020 2,700 SF of Industrial Space Purchased in Grand Prairie

1170 107th Street, LLC has purchased 2,700 square feet of industrial space located at 1170 107th Street in Gra... Read More

03.2020 51,000 SF of Industrial Space Leased in Grand Prairie

LMT Imports, LLC has leased 51,000 square feet of industrial space located at 2920 N. State Highway 360 in Gra... Read More

03.2020 NAI Capital Sells 12-Unit Apartment Complex for a Record $316,667 Per Unit in Imperial Beach, CA

Imperial Beach, CA – March 26, 2020 – Vice President Mario Gandara, JD/MBA with NAI Capital’s Multifamil... Read More

03.2020 NAI Hanson Negotiates Sale of 16,000 SF Industrial Building in Elmwood Park, New Jersey

ELMWOOD PARK, N. J. - NAI James Hanson has negotiated the sale of a 16,000-square-foot industrial building in E... Read More

03.2020 NAI Capital Negotiates $3M Acquisition of Highland Springs Medical Arts Building in Beaumont, California

BEAUMONT, CALIF. - NAI Capital has facilitated the purchase of Highland Springs Medical Arts Building, a medica... Read More

03.2020 NAI James E. Hanson drives strong transaction volume in Clifton

NAI James E. Hanson said Thursday it negotiated a lease extension for 21,895 square feet of medical office spac... Read More

03.2020 NAI Columbia Brokers $2.89 Million Investment Sale of Retail Center, Wins Leasing and Property Management Assignment

Columbia, SC (March 25, 2020)- NAI Columbia’s Ryan Causey and Peyton Bryant facilitated Clear Path Asset Man... Read More

03.2020 NAI SUMMIT’S MARK MAGASICH LEASES TWO SUITES AT 3400 BATH PIKE IN BETHLEHEM, PA

Mark Magasich of NAI Summit recently represented the tenant, Language Project, LLC, in the long term lease tra... Read More

03.2020 NAI Realvest | Charles Wayne Managing Director Named CoStar Power Broker for Highest 2019 Sales Volume in Volusia County

DAYTONA BEACH – Steve Costa, Managing Director at NAI Realvest | Charles Wayne in Daytona Beach was recentl... Read More

03.2020 NAI Partners Arranges 7,737 SF Office Lease in Houston

HOUSTON - NAI Partners has arranged a 7,737-square-foot office lease at 7155 Old Katy Road in Houston. The prop... Read More

03.2020 NAI Wisinski boosts its CRE staff

NAI Wisinski is excited to welcome two new agents and one new property manager to the team. NAI Wisinski boosts... Read More

03.2020 NAI Hanson Negotiates Sale of 10,761 SF Office, Residential Building in Hawthorne, New Jersey

The office and residential building is located at 297-301 Lafayette Ave. HAWTHORNE, N. J. - NAI James Hanson ha... Read More

03.2020 NAI CIR Announced as CoStar Power Broker for 19th Consecutive Year

Lemoyne, PA – March 17, 2020 CoStar Group, Inc., the data/analytics leader of the commercial real estate ind... Read More

03.2020 NAI Puget Sound Properties Recognized Four Times on NAI Global Top Producers of 2019 List

NAI Global recently announced its “Top Producers” within the global network of 6,000+ agents in 375+ office... Read More