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.

Finance & Capital Markets
Inspired lands construction loan in Asbury Park, bridge loan for Bell Works Fort Monmouth

Inspired by Somerset Development has closed on two significant loan transactions, securing a combined $246 million in financing for a luxury condominium project in Asbury Park and its acclaimed Bell Works Fort Monmouth campus in Tinton Falls.

Finance & Capital Markets
Kearny Bank lends $42 million for 136-unit rental project in Paramus

A developer has scored a $42 million construction loan from Kearny Bank for a project that will bring a new 136-unit apartment community to Paramus.

Finance & Capital Markets
Peapack Private welcomes Kotronis as senior managing director, commercial real estate

Paul Kotronis has joined Peapack Private Bank & Trust as a senior managing director with its Bedminster-based commercial real estate team.

Professional Services
National Integrity Title Agency, based in Marlton, launches Pennsylvania headquarters

National Integrity Title Agency is expanding beyond its South Jersey headquarters with a new office in southeast Pennsylvania.

Community
Inaugural Gov. Richard J. Codey Memorial Golf Outing to support mental health initiatives across New Jersey — with major support from CRE community

A new golf outing next month will honor the legacy of the late Gov. Richard J. Codey, supporting his decades-long mission to improve mental health care and fight stigma surrounding mental illness.

Government & Public Policy
Sherrill: State seeking development partners for transit hub sites in Bayonne, Linden

State officials are looking to jumpstart development around two train stations, in Bayonne and Linden, as they ramp up efforts to both expand housing and monetize government-owned land.

Residential & Mixed Use
JLL lists 212-unit Riverdale rental property with potential for full value-add interior update

A two-building, 212-unit apartment complex in the Morris County borough of Riverdale is on the market for sale, in a new listing by JLL’s capital markets group.

Health Care
Construction underway for new 186,000 sq. ft. skilled nursing center in Montvale

The operator of what will be a new skilled nursing facility in Montvale has broken ground on the project, where it’s bringing new life to the former site of a vacant office building.

Industrial
NAI Hanson: Leonia gymnastics, cheerleading center leases 20,000 sq. ft. for new facility

A youth gymnastics facility in Leonia is moving after securing a new location at a neighboring building in the borough, according to a leasing team with NAI James E. Hanson.

Office
Larken completes refresh of 43,000 sq. ft. office building in Greenwich Township

Larken Associates has completed a major update of a nearly 43,000-square-foot professional and medical office building in Warren County, the real estate firm announced Wednesday.