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.

Featured

Urby teams with Rockpoint for newest Jersey City project, eyeing 748-unit rental tower

The second phase of a project that began with a landmark apartment building at 200 Greene St. in Jersey City, directly west of the Hudson River and the well-known Harborside office complex, could soon begin with 201 Hudson – by…

Deals

ICON brokers $3.1 million sale of five-parcel mixed-use portfolio in Clifton

A cluster of properties with 11 apartments, five retail spaces and some 30 parking spaces has changed hands in Clifton, in a newly announced deal by ICON Real Estate Advisors.

Industrial

NAIDB: Industrial outdoor storage buyer scores 2.2-acre site in rare South Plainfield deal

A private investor has sold a 2.2-acre industrial outdoor storage parcel in South Plainfield, brokers with NAI DiLeo-Bram & Co. announced Thursday.

Government & Public Policy

Expansion plans: How CREDA will build on NAIOP’s rich legacy in New Jersey

NAIOP’s long-awaited rebrand to the Commercial Real Estate Development Association is especially significant for a New Jersey chapter that is one of the organization’s oldest, giving it a rich history and a broad reach that its leaders hope will become even more expansive.

Finance & Capital Markets

Claremont, Stanbery and PCCP snag $188 million refi for The District at 15fifteen in Parsippany

The developers of The District at 15fifteen in Parsippany have refinanced the sweeping mixed-use project, securing a $188 million loan in a deal arranged by Cushman & Wakefield.

Finance & Capital Markets

JLL: Buyer wanted for distressed loan secured by 432,000 sq. ft. Jersey City office building

The holders of a nonperforming $130 million loan for a Jersey City office building are hoping to sell the debt after foreclosing on the property earlier this year.

Retail

Three new tenants, including Crunch Fitness, fill 41,000 sq. ft. at Brick retail center

Crunch Fitness is coming to a newly updated retail center in Brick, where it will lease 25,000 square feet in the largest of three recent transactions arranged by JLL.

Community

GREP’s David Greek honored at Patriots’ Path Council annual labor, real estate awards dinner

A leading voice in New Jersey commercial real estate has lent his support to the Patriots’ Path Council, the Scouting America organization serving five northern and central counties.

Office

Service provider takes 2,200 sq. ft. at Hillsborough business center, Sheldon Gross says

The owner of a Hillsborough commercial property has secured a new tenant, filling more than 2,200 square feet in a deal brokered by Sheldon Gross Realty and Deluccia Commercial Group.