News Release: Steady Demand and Falling Interest Rates Set to Drive Commercial Real Estate Growth across North Jersey and New York State
Industrial and office poised for on-going investment and growth in 2025 Parsippany, N.J. (January 3, 2025) – The commercial real estate market in Northern New Jersey and Southern New York State is poised for accelerating growth in 2025 as falling interest rates and steady demand fuel sales and leasing activity across industrial and other niche […]
READ MORENews Release: Resource Realty Arranges 312,267 SF Single Tenant Lease at Maybrook Logistics Center in Montgomery, NY
Firm previously brokered land acquisition to develop spec warehouse Montgomery, N.Y. [December 17, 2024] – Resource Realty of Northern New Jersey (Resource Realty) has arranged a 312,567-SF single-tenant lease of Maybrook Logistics Center, a newly developed Class A industrial project at 134 Neelytown Rd., in Montgomery, N.Y. Firm Principals Tom Consiglio, SIOR, and Scott Peck, […]
READ MOREResource Realty of NNJ inks 9 leasing and sales transactions in summer’s last push
The brokerage team at Resource Realty of Northern New Jersey recently finalized nine commercial real estate transactions as part of summer’s last push, following a strong first half of the year. To close out Q3, the Parsippany-based commercial real estate brokerage firm arranged the sale of two separate standalone warehouse properties as well as a series of […]
READ MOREResource Realty Completes 150,000 SF of Central New Jersey Transactions
A private investor has purchased a 68,000 square foot industrial space in Eatontown for nearly $7.5 million, in one of several recent transactions by Resource Realty. Andy Rudoff, a principal with the brokerage firm, represented the seller in the trade of 265 Industrial Way West, the former headquarters of global engineering consulting firm DLB Associates, […]
READ MORERecent Transactions: Resource Realty Inks Monmouth County Sales Totaling $10 Million
Two commercial buildings in Monmouth County have changed hands for a combined value of nearly $10 Million, in a set of newly announced deals by Resource Realty. In the larger transaction, a New York City-based private partnership paid $5.85 Million for a one-story, 54,000 SF office and technology building at 607 Industrial Way in Eatontown. […]
READ MOREAlways Focused on the Highest and Best Use
Whether we are helping someone find the right location for their company, or listing a property for sale or lease, the concept of “highest and best use” is ever present in our minds. The Appraisal Institute defines highest and best use as: “The reasonably probable and legal use of vacant land or an improved property […]
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