Northeast
Sitex Group Acquires NJ Industrial Facility
A private investor sold the 100,000-square-foot Carlstadt property. The transaction marks the buyer’s third recent acquisition in the area.
Transwestern Adds New SVP in NJ
Robert Vicci brings more than 30 years of commercial real estate experience to this position. He will handle property management operations for the firm’s Northeast portfolio.
Transwestern Names New Regional Presidents
Bruce Ford will lead the firm’s eastern operations, while Chip Clarke will be in charge of the commercial services business in the western U.S.
Purple USA Relocates, Signs New Manhattan Lease
The lifestyle communications and public relations agency will occupy the entire 13th floor of GFP Real Estate’s Chelsea building.
KS Partners Buys Boston Office Asset for $30M
Brickpoint Properties sold a roughly 82,000-square-foot building in the Downtown Crossing neighborhood, after owning it for more than 40 years.
NKF Inks 4 Leases at Converted Stamford Building
The team of Tim Rorick and Jack McDermott facilitated the deal on behalf of the landlord, ClearRock Properties and Juster Properties.
New Jersey Continues Warehouse, Logistics Surge
Even though the state hit a 17-year high for new industrial development, demand was voracious enough to more than offset it, as rents keep pace with massive absorption.
Former NJ Ballantine Brewery Commands $61M
A Turnbridge Equities joint venture acquired the 1.1 million-square-foot building in Newark. The property is also located in an Opportunity Zone.
Baranof Holdings to Develop NYC-Area Facility
The company is set to develop a 1,174-unit self storage property located in Yonkers. The project is expected to break ground in this quarter.
Muss Development Appoints Jason Muss as President
Muss will lead the family-owned company as the firm looks to reposition its major generational assets and invest in more properties in New York City.