Market Sectors

New Jersey has an unmatched location and a population that developers dream about. It’s no wonder the commercial real estate industry is flourishing and evolving across all segments of the market.

Hospitality & Tourism
P3 Properties buys landmark Meadowlands hotel, eyes rebrand with sweeping update

P3 Properties has acquired a well-known hotel in East Rutherford with plans to revitalize the 21-story, 427-room building and reintroduce it under a new brand.

Residential & Mixed Use
Russo sells 111-unit loft-style rental property in Verona for $56 million, CBRE says

Russo Development has sold a 111-unit multifamily property in Verona that it completed as part of an adaptive reuse of a historic factory building, in a deal arranged by CBRE.

Professional Services
Blau & Berg taps Jason Crimmins as CEO, Conte as president with Ken Crimmins remaining as chairman

The Blau & Berg Co. has announced a new leadership team, with Jason Crimmins taking over as CEO and Alessandro Conte as president of the historic real estate services firm.

Retail
Barnes & Noble leases 25,000 sq. ft. for new Livingston store in deal by RIPCO, VanRock

Barnes & Noble has found a new home in Livingston after taking nearly 25,000 square feet at a Route 10 retail center, brokers with RIPCO Real Estate announced Monday.

Retail
Electronics repair, cell phone retailer expands to Jersey City with new lease, Cervelli says

An electronics repair and cell phone business has leased 1,700 square feet of retail space in Jersey City, in a deal arranged by Cervelli Real Estate & Property Management.

Industrial
Deugen, Devli lease Port Newark industrial site to major seafood company, AI Group says

A joint venture has landed a tenant for a nearly seven-acre industrial site in Newark’s port district, in a deal arranged by Advance Industrial Group and The Blau & Berg Co.

Industrial
Expansion by 3PL firm among newest Morris County industrial deals, RRNNJ says

A third-party logistics firm has expanded in Morris County by nearly 14,000 square feet, in the largest of several recent deals by Resource Realty of Northern New Jersey.

Finance & Capital Markets
URSA, Fields Grade ink $150 million loan for 336-unit Jersey City project, BlueGate says

A joint venture has secured $150 million in permanent financing for a new 336-unit multifamily property in Jersey City, in a newly announced deal by BlueGate Partners.

Finance & Capital Markets
CBRE: Kontos Group snags $18 million bridge loan for new 57-unit Roselle Park rental project

A developer has landed $18 million in bridge financing for a new 57-unit luxury apartment building in Roselle Park, according to a debt placement team with CBRE.

Professional Services
Alban Group eyes growth with new Florida office, key hire and fresh brand identity

The Alban Group is expanding to South Florida, seeking to grow its construction management platform alongside new branding and a redesigned headquarters in Newark.