The Effect of the Election on Real Estate

Posted on
By Alessandro (Alex) Conte, CCIM, SIOR

Donald J. Trump, 45th President of The United States of America, will most likely bring some much needed stimulus to the economy in his first year. His policies point to a combination of tax cuts and government spending in the form of upgrading the nation’s infrastructure and for national defense, which will provide a short term boost to the economy in the first half of 2017.

What to Expect When the Panamax Vessels Arrive

Posted on
By Brian P. DiPinto, Logistics & Rail Specialist

For the past seven years, there has been a lot of talk about what the widening of the Panama Canal will mean for the ports of New York, New Jersey, and the industries that support international commerce in the surrounding areas such as, trucking services, 3PL services, and real estate. Although the Panama Canal project was completed in June of 2016, we have not seen any of the Panamax vessels dock in our ports. The major hold up now is the raising of the Bayonne Bridge, which is slated to be complete in December of 2017.

default

Your Property’s Worth

Posted on
By Anthony M. Bufanio

Owners are always asking us, “What is my property worth?” Sure most real estate brokers can spit out a number on the spot but wouldn’t you feel better if some real thought and actual research were used in coming up with the numbers? You deserve to have some basis for the value, so why not ask for it. Armed with this information you will be better equipped to formulate a game plan that serves your interests.

Michael Tiernan, Corporate Manager

Posted on

I think their success is that they know this market inside and out. They know the questions we are going to ask before we ask them. They know the answers …

default

Market on the Rise

Posted on
By Brad P. Jacobs

We are now beginning our 3rd year of a strong industrial market. The question on everyone’s mind is how long can this last? What can stop this driving force? Here are some factors to consider when taking a speculative look.

default

Container Farming Growth Creates Demand for Space in Cities

Posted on
By Alessandro (Alex) Conte

The demand for locally grown, nutritious and safe food is on the rise, and companies like Aerofarms are going vertical in major metro areas with a mission of disrupting traditional supply chains. During the first quarter of 2015, with the assistance of The Blau & Berg Company, AeroFarms was able to secure space in a 28,000 square-foot high cube warehouse in Newark, which is serving as a stepping stone for their growth in the New York Metro market as they build a state of the art facility nearby.

default

Using Internal Revenue Code 170 To Advantage

Posted on
By Eugene C. Boyle

Please do not get upset. I’m not going to explain the intricacies of IRC 170, God forbid! However, what I do want to do is explain how an owner, with a difficult property to sell, might think of employing IRC 170 to get rid of the property.

default

It’s a Tenant’s Market in the Office World

Posted on
By Chris Flammer

The office segment of commercial real estate is continuing to see growth. While there was a small increase in vacancy (less than 1%) at the end of the first quarter of 2016, the vacancy rate is at a promising 14% overall.

default

A Look at Our Economy Through a Broker’s Eyes

Posted on
By Michael Schipper

As our country, and the world for that matter, began to wind down at the end of 2015 and prepare for 2016, the Federal Reserve Bank took the opposite approach and raised its target interest rate for the first time since 2006.

default

2015 New Jersey Industrial Vacancy Rate at Lowest Level in this Millennium

Posted on
By Alessandro (Alex) Conte

New Jersey’s Industrial vacancy rate in the fourth quarter dropped to 6.4 percent, which is significantly down from 8.2 percent a year earlier (CoStar). Nearly 4 million square feet of industrial space was leased during the fourth quarter, bringing the total for 2015 to 12.5 million square feet. The two largest leases during the fourth quarter were a new
571,000-square-foot lease by List Logistics at 75 Mills Road in Edison and a 500,000-square-foot renewal by LG Electronics USA at 380 Deans Rhode Hall Road in South Brunswick.

default

Northern NJ Industrial Market Reacts to Shortage of Space

Posted on
By Alessandro (Alex) Conte

While many CRE experts have predicted that we would be in the third quadrant of the real estate cycle by now (hyper supply), most of us are astonished by the fact that we are still in a healthy part of the expansion period. The Northern NJ real estate market has been seeing record levels in low vacancy rates for the past two quarters, and although we have a healthy pipeline of new big box warehousing coming on to the market over the next year, those spaces already have a healthy number of suitors.

default

Action in the Central New Jersey Turnpike Corridor

Posted on
By Charles T. Kavanagh

It has been often reported and well recognized that the Central New Jersey Turnpike corridor has undergone tremendous absorption of industrial space over the last few years. In fact, there has been enough shrinkage of inventory to spur further speculative new construction. Monmouth and Ocean counties, though on a far smaller scale, have exhibited a similar feverish increased demand for warehouse space, especially related to properties for sale. At this point in time, it appears, confirmed by databases, that there are only three buildings in excess of 30,000 SF available for purchase in the two counties.