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.

A new destination: Edgewood, Paramount advance plans to revive East Brunswick mall as open-air lifestyle center

Edgewood Properties and Paramount Realty have unveiled plans to transform the 775,000-square-foot Brunswick Square Mall in East Brunswick into a modern, open-air destination for the community — one that includes not just retail but a complementary mix of heath care, fitness and lifestyle uses that will revitalize the outdated, slumping shopping center on Route 18.

Residential & Mixed Use

JLL lists 217-unit Hoboken rental property with ‘proven renovation program’

The owner of a luxury rental property in Hoboken has listed it for sale, having renovated more than three-quarters of its 217 units to provide a template for potential investors.

Jersey City Summit returns June 4 in latest showcase of region’s largest, most impactful projects

With less than a month to go until the Jersey City Summit for Real Estate, Economic Development & Innovation, the annual event is shaping up to be bigger than ever.

BRC: ACP fills 42,000 sq. ft. with new leases at Garwood industrial complex,

The owner of a Garwood industrial complex has secured four leases totaling nearly 42,000 square feet, according to a brokerage team with Bussel Realty Corp.

Midland Park retail property trades for $2.8 million, Horvath & Tremblay says

A private investor has purchased nearly 14,000 square feet of retail space in Midland Park for some $2.83 million, in a transaction arranged by Horvath & Tremblay.

Join us June 9 for Capital at the Crossroads — presented by JLL and Real Estate NJ

Join us as commercial real estate leaders explore the future of New Jersey’s retail sector, from major mixed-use developments around legacy malls to food and beverage trends and regulatory changes that loom large for the asset class.

Finance & Capital Markets

Skylight, PCCP score $110 million refi loan for 226-unit Edgewater rental tower, JLL says

The owners of a 226-unit luxury apartment tower in Edgewater have refinanced the property for nearly $110 million, brokers with JLL announced Friday.

United Way Legacy Event to honor Sletteland, Impact Award finalists as key New Jersey leaders take center stage

The annual United Way Legacy Event returns this week with a timely panel discussion and a program that highlights some of the New Jersey commercial real estate industry’s top talent — all in support of households facing financial hardship.

Residential & Mixed Use

Michaels, public officials debut 81-unit affordable housing property in Voorhees Township

The Michaels Organization has delivered new affordable housing in Voorhees Township, completing a $30 million project that leveraged a host of public and private funding sources.

KRE Group welcomes Uni Uni Bubble Tea to 485 Marin in Jersey City

A new bubble tea shop has arrived in downtown Jersey City, where it’s leasing space at one of KRE Group’s most distinctive luxury apartment towers.