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.

Community
United Way Legacy Event, now in 27th year, hits $5 million fundraising milestone as organization honors Sanofi at M Station

More than 300 commercial real estate industry leaders converged last week for the annual United Way Legacy Event, raising $328,000 while honoring Sanofi’s new, 260,000-square-foot flagship office at Morristown’s M Station campus by SJP Properties.

Office
Landlord eyes sale of revitalized 194,000 sq. ft. office building in Parsippany, JLL says

The owner of a Parsippany office building is seeking a buyer for the nearly 194,000-square-foot asset, following a substantial update that spurred a flurry of notable leases in recent years.

Residential & Mixed Use
Community Investment Strategies, officials kick off Hoboken senior housing project, city’s first fully affordable development in 30 years

Community Investment Strategies Inc. has broken ground on a 36-unit affordable senior housing project in uptown Hoboken, the first of its kind in the city in more than three decades.

People
Leak-Saunders joins RHO Residential as vice president of talent, leadership

RHO Residential has welcomed Aysha Leak-Saunders as vice president of talent and leadership, one of several additions to its team as it continues its rapid growth.

Professional Services
NAI Hanson adds Hencinsky to bolster marketing team

NAI James E. Hanson has hired Megan Hencinsky as a senior marketing coordinator based in its Parsippany office, the commercial real estate services firm announced Wednesday.

Finance & Capital Markets
Valley Bank inks $21 million in financing for Florida retail projects

Valley Bank has closed two loans totaling $21 million to the owner of retail properties in Florida’s sixth-largest city, the Morristown-based lender announced.

Residential & Mixed Use
LJS breaks ground on fully affordable Randolph rental project with special needs housing

Construction is underway in Randolph for what will be a fully affordable, 25-unit rental community designed for families and individuals with special needs.

Finance & Capital Markets
CBRE: Accordia closes on $31 million construction loan for West Caldwell rental project

Accordia has landed a nearly $31 million construction loan for a planned 92-unit luxury apartment building in West Caldwell, in a newly announced deal by CBRE.

Industrial
LEG leases 44,000 sq. ft. in Rockland to national fire protection products maker, distributor

Lincoln Equities Group has filled 44,000 square feet of new industrial space in New York’s Rockland County, securing a lease with a national fire protection company.

Events
Bell Works Holmdel to host annual career day on May 15

The popular Bell Works career day is returning to the landmark campus in Holmdel, one of the state’s largest concentrations of businesses and community gathering spaces.