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, Greyhill acquire 301-unit Port Imperial property from PGIM for $125 million

A joint venture has claimed a piece of the iconic Port Imperial district, buying a 301-unit luxury rental property in West New York in a deal reportedly valued at more than $125 million.

Industrial
Small-bay demand on display in new sale, lease deals in Boonton and Rockaway, RRNNJ says

Demand for smaller industrial spaces continues in Morris County, fueling the recent sale of a 12,000-square-foot building and two leases across neighboring municipalities.

Food & Beverage
RIPCO: Revolving sushi concept with robot service takes 5,000 sq. ft. at Clifton lifestyle center

A new sushi restaurant is coming to Route 3 after leasing 5,000 square feet at The Promenade Shops at Clifton, brokers with RIPCO Real Estate announced this week.

Food & Beverage
Vantage Commercial: Investor scoops up Burlington City pub with liquor license, apartment unit

The site of a well-known bar and restaurant in Burlington City has changed hands along with its liquor license, according to a brokerage team with Vantage Commercial.

Residential & Mixed Use
JLL: Buyer wanted for well-known 408-unit Edgewater rental property

Avalon at Edgewater is on the market for sale, giving investors a chance to own more than 400 luxury apartments and a well-known piece of New Jersey’s Gold Coast.

Residential & Mixed Use
RHO Residential tapped to manage former Veris Residential portfolio with 6,000+ units

The new owners of the former Veris Residential Inc. portfolio have picked RHO Residential LLC to manage the collection of more than 6,000 apartments across the Northeast.

Residential & Mixed Use
AION sells 148-unit Morristown rental property in $61 million deal with Tuli Realty, C&W says

Livingston-based Tuli Realty has expanded its holdings, acquiring a 148-unit luxury apartment building in downtown Morristown for more than $61 million.

Retail
LMC: Wingstop takes 1,800 sq. ft. at Somerset’s Rutgers Plaza to expand New Jersey footprint

Wingstop has secured another location in Central Jersey with a new lease in the Somerset section of Franklin Township, according to a brokerage team with Levin Management Corp.

Professional Services
Tabakin, six-attorney team join Scarinci Hollenbeck to advance vision for statewide practice

A seasoned legal team led by Mark Tabakin has joined Scarinci Hollenbeck LLC, bolstering the Little Falls-based firm across several key practice areas.

Finance & Capital Markets
Newark industrial owner inks $797,000 refi with Valley Bank

Valley Bank has closed a nearly $800,000 cash-out refinance loan to the owner of a Newark industrial property, the Morristown-based lender announced Wednesday.