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.

Office
Bank of America eyes late 2026 completion of new 548,000 sq. ft. office space in Jersey City

Bank of America’s future home in Jersey City is taking shape, with construction well underway on the new 548,000-square-foot office space that could open starting next summer.

Industrial
TCC, CBRE Investment Mgmt. add latest tenant at 1.1 million sq. ft. Sayreville logistics park

The developers of a high-profile new logistics park in Sayreville have secured another tenant for the campus, leasing nearly 101,000 square feet to a distributor of industrial food ingredients.

Finance & Capital Markets
JLL: Panepinto, AJD ink $384 million in debt, equity for 678-unit Jersey City rental project

Developers are planning an early 2026 groundbreaking for a new 678-unit apartment tower in Jersey City after landing $384 million in capital for the project, brokers with JLL said Tuesday.

Industrial
Crow Holdings delivers new 294,000 sq. ft. Burlington warehouse with 156,000 sq. ft. available

Crow Holdings Development has completed nearly 300,000 square feet of new warehouse space in Burlington, where it has one tenant in hand and less than half of the facility still available.

Food & Beverage
IHOP operator buys Ewing restaurant in $1.1 million deal arranged by CPN

The longtime operator of an IHOP in Mercer County has acquired the restaurant property for $1.125 million, according to brokers with Commercial Property Network Inc.

Professional Services
Rosenberg named senior vice president with Team Resources after recent promotion

Team Resources Inc. has promoted Alex Rosenberg to senior vice president, citing his work with a host of well-known landlords and tenants during nearly nine years with the firm.

Professional Services
Salzman, Rosen join Cresa to bolster tenant brokerage firm’s New York team

Cresa has strengthened its team in the region with the addition of veteran office brokers Kenneth Salzman and Seth Rosen.

Finance & Capital Markets
Alpine snags $72 million refi loan for new 201-unit Jersey City rental property, JLL says

Alpine Residential has landed nearly $72 million in permanent financing for a portfolio of 201 newly built apartments in Jersey City’s Bergen-Lafayette section.

Finance & Capital Markets
SK, Berger land $250 million in financing for 396-unit Newark rental project, W&D says

A joint venture’s plan to bring nearly 400 new apartments to downtown Newark is advancing with more than $250 million in capital commitments arranged by Walker & Dunlop.

Residential & Mixed Use
Vango kicks off 60-unit rental project in downtown Westfield, eyes early 2027 delivery

Vango Development has broken ground on a planned 60-unit luxury apartment building in Westfield as part of a long-awaited addition to the Union County town.