New York Firms, Foreign Capital Have Supercharged New Jersey Investment Sales
New Jersey's office market had a banner year in 2016, with $2.7B in assets trading hands, a 50% increase over 2015, according to CBRE research. The number of investment sales increased 70% year-over-year, and overall office sales exceeded post-recession highs at $2.4B.
Although 2017 volume is unlikely to exceed last year's, CBRE vice chairman Jeff Dunne expects a healthy pace of activity to continue, particularly as more institutional sellers continue to divest of suburban assets in favor of more transit-centric locations like…
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New Jersey's Biggest Office, Residential, Retail Drivers For 2017
Interest in residential properties is growing as people begin to look outside of New Jersey's downtown cores for places to rent and buy, according to panelists at Bisnow's recent New Jersey State of the Market event at Liberty House Restaurant in…
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Multifamily And Industrial Owners Swap High-Maintenance Properties For More Laid-Back Investments
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Marcus & Millichap - New York |
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As prices have begun to level off after a boom in multifamily and industrial investments, owners have started to look for ways to maintain their capital gains. A popular option is 1031 exchanges.
Karly Iacono, an investment sales broker at Marcus…
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Harvard Printing Finally Breaks Ground In Orange
Ironstate Development Co. and The Alpert Group have broken ground on Harvard Printing, a 128-unit rental community at 550 Central Ave., near NJ Transit's Highland Avenue train station in Orange.
The four-story building will house 70 affordable and 58 market-rate…
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How The Top Retail REITs Are Faring In The Midst Of Industry Turmoil
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Trump Slump: Policies May Cost U.S. Hospitality Industry 6.3 Million Visitors
While the stock market enjoys a “Trump bump,” international travel to the United States is projected to descend into a Trump slump to the tune of 6.3 million visitors lost over the next year. As the EU considers fighting back by limiting American travel without a visa, international tourism could shift dramatically this year and ripple through the hotel industry.
A record 77.5 million international tourists visited the United States in 2015. Record-breaking moments like these will become distant memories due to White House policies turning off global travelers, according to one American economic advisory firm. Wayne, Pa.-based Tourism Economics reports…
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4 Markets Where Renting Has Outpaced Homeownership
Renting is on the rise. A Harvard University Joint Center for Housing Studies report said 1.4 million new renter households were formed in 2015, pushing the percentage of U.S. households that rent to 36.4%. That is the highest level since the 1960s, and the trend is so pervasive that even wealthy Americans increasingly prefer home and apartment rentals to homeownership.
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Know anyone who is into that? We will pay you a cool $4K if we hire your referral. Send that résumé to Javier@bisnow.com.
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