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.

Residential & Mixed Use
Matthews lists Newark development parcel slated for 53-story, 490-unit rental tower

A major development site in downtown Newark is on the market for sale, offering the potential for a project with 490 apartments and 44 hotel rooms just south of the Prudential Center.

Residential & Mixed Use
Sparrow Management eyes major portfolio milestone as it marks five-year anniversary

Sparrow Management is marking five years since its founding — and it’s looking ahead to another milestone after a major expansion of its footprint in 2025.

Retail
RIPCO: Tenant wanted for space at new strip center at ShopRite in Sussex County

The owner of a grocery-anchored retail property in Sussex County has tapped RIPCO Real Estate as the leasing agent for the property’s newest phase.

Residential & Mixed Use
Bernardsville retail, apartment property trades for $1.9 million, Deluccia says

A private investor has acquired a 6,600-square-foot mixed-use property in Bernardsville for $1.9 million, according to a brokerage team with Deluccia Commercial Group.

Health Care
Larken, infusion center ink 3,200 sq. ft. lease at Parsippany office building

An infusion center has found a new location in Parsippany, joining the tenant roster at a nearly 55,000-square-foot professional and medical office building owned by Larken Associates.

Residential & Mixed Use
Investor buys 58-unit East Orange rental building for $8 million, ICON says

The longtime owner of a 58-unit apartment building in East Orange has sold it for nearly $8 million, in a newly announced deal by ICON Real Estate Advisors.

Professional Services
Binswanger to open North Jersey office, expanding Mid-Atlantic footprint

Binswanger is launching an office in northern New Jersey, having recruited several veteran brokers as part of a major expansion by the Philadelphia-based real estate services firm.

Office
IPRG inks lease at 15 Exchange Place, securing new home for New Jersey operations

IPRG has found a new home in Jersey City after leasing 5,000 square feet at a well-known office building along the Hudson River.

Finance & Capital Markets
Valley closes $15 million construction line of credit for 78-unit Bayonne rental project

The developer of a 78-unit multifamily project in Bayonne has closed on a $15 million construction line of credit with Valley Bank, the lender announced last week.

Retail
Net-leased CVS property trades for $9 million in deal arranged by Marcus & Millichap

A private investor has acquired a net-leased retail property just off the Hudson River in Edgewater for $9 million, in a newly announced deal by Marcus & Millichap.