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
P3 buys 147-unit Passaic rental property in $49 million deal with Birch Group, C&W says

P3 Properties has made a major acquisition in Passaic, adding a 147-unit multifamily property with further development potential in a deal arranged by Cushman & Wakefield.

Retail
CBRE: Hoboken retail property, would-be development site, trades for $8.2 million

A developer is eyeing plans for a new mixed-use project in Hoboken after acquiring a downtown retail property for more than $8 million, brokers with CBRE announced Monday.

Retail
Columbia Bank debuts in Rutherford with 2,300 sq. ft. lease arranged by Goldstein Group

Columbia Bank has opened a new branch in downtown Rutherford, where it occupies some 2,300 square feet that it secured with the help of The Goldstein Group.

Industrial
NAI Hanson brokers sale of 153,000 sq. ft. shallow-bay portfolio in Westchester County

An investment firm has purchased more than 153,000 square feet of shallow-bay industrial space in New York’s Westchester County, in a deal arranged by NAI James E. Hanson.

Sponsored Content
Let it snow: What winter really does to construction in Jersey

Winter in the Northeast doesn’t just slow projects down. It complicates everything. And when temperatures dip into the single digits, the margin for error disappears entirely.

Residential & Mixed Use
Veris to be acquired by Affinius Capital-led group in $3.4 billion all-cash deal

An investor group led by Affinius Capital is acquiring Veris Residential Inc., in a $3.4 billion deal that will take the company private after its high-profile, multiyear pivot from the iconic former Mack-Cali Realty Corp.

Government & Public Policy
ICE buys vacant 470,000 sq. ft. warehouse in Roxbury, intensifying battle over planned detention center

U.S. Immigration and Customs Enforcement reportedly has closed on a 470,000-square-foot warehouse in Roxbury that it plans to use as a detention center, completing a long-rumored deal that has sparked intense backlash in recent weeks and confusion in recent days.

Industrial
Woodmont sells new 54,000 sq. ft. warehouse in Woodbridge to Sagard Real Estate

Woodmont Industrial Partners has sold more than 54,000 square feet of newly built industrial space in Woodbridge to Sagard Real Estate, in a deal arranged by Newmark.

Finance & Capital Markets
CBRE: Ridgecut Road snags acquisition loan for Kenilworth industrial outdoor storage site

Ridgecut Road has secured acquisition financing for a roughly two-acre industrial outdoor storage property in Kenilworth, according to a debt placement team with CBRE.

Deals
Sheldon Gross: Boxing gym leases new 10,000 sq. ft. location in Belleville

A boxing-inspired gym has found a home in Belleville with a newly completed lease for nearly 10,000 square feet, according to a brokerage team with Sheldon Gross Realty.