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.

Finance & Capital Markets
C&W: Advance eyes 524-unit fourth phase in Harrison with new equity partner, $173 million construction loan

Advance Realty Investors has secured a new partner and a $173.4 million construction loan for a project that will bring another 524 units to its landmark Riverbend District in Harrison.

Retail
Buyer wanted for 298,000 sq. ft. highway power center in Howell, JLL says

The owner of a top-performing shopping center in Howell has listed it for sale, brokers with JLL announced, touting its Route 9 location and well-established roster of national retailers.

Residential & Mixed Use
Westfield retail building with approvals for new apartments trades for $3.7 million, Kislak says

A developer has acquired a commercial building in downtown Westfield with approvals in place to add two stories with 10 apartments atop the existing structure.

Retail
RXR, Dogdrop ink lease in Jersey City for dog daycare’s first New Jersey location

An urban dog daycare brand has found its first New Jersey location after leasing space at a new mixed-use development in Jersey City by RXR and its partners.

Finance & Capital Markets
JLL: Bergman, partners secure $15.4 million loan for Princeton-area office building

A venture led by Bergman Real Estate Group has scored new financing for a nearly 161,000-square-foot office building outside Princeton, brokers with JLL announced this week.

Residential & Mixed Use
JLL: SELA buys 132-unit Fort Lee rental property, scores financing through Balbec Capital

SELA Realty Investments has picked up a property just south of its Fort Lee headquarters, acquiring a 132-unit apartment building with financing from a debt fund.

Residential & Mixed Use
Crossroads, CrownPoint complete 90-unit rental project in downtown Dover

A joint venture has taken the wraps off a new 90-unit luxury apartment building in Dover, completing the transformation of a long-vacant property at a busy intersection downtown.

Residential & Mixed Use
Local investor expands in Hudson County with 27-unit portfolio deal, Matthews says

A private investor has purchased a four-building, 27-unit apartment portfolio in Hudson County for nearly $3.2 million, according to a brokerage team with Matthews.

Residential & Mixed Use
Alpine Residential opens AVIVA, its latest Jersey City project, with move-ins now underway

Alpine Residential has welcomed the first residents to a collection of 500 apartments just west of Liberty State Park, the latest addition to its expansive portfolio in Jersey City.

Finance & Capital Markets
Kennedy Funding closes $1.26 million loan to would-be developer in Colombia

A developer in one of Colombia’s largest cities has scored $1.26 million in financing from Kennedy Funding, the Englewood-based direct private lender.