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.

Grocery-anchored center in Denville trades for $23 million, C&W says

An investment firm has acquired a grocery-anchored shopping center in Denville for more than $20 million, under a newly announced sale by Cushman & Wakefield.

CMC inks $11 million refi for 35-unit rental project in Fanwood

The owner of a newly completed, 35-unit apartment building in Fanwood has refinanced for $11 million, in a transaction arranged by Commercial Mortgage Capital.

Atkins sells 39,000 sq. ft. medical office building in West Orange

Atkins Cos. has sold a 38,500-square-foot medical office building in West Orange, marking the culmination of what it says is a 20-year investment in the property.

Kennedy Funding closes $1.5 million loan for Detroit medical facility

Kennedy Funding has closed a $1.5 million loan for the owner of a health care facility in Detroit, where plans include using the site for testing and treating COVID-19 patients.

Russo launches virtual tours at Union rental project

With interest still strong at its new luxury rental complex in Union, Russo Development has launched a virtual leasing platform to help maintain that momentum.

NAI Hanson inks 1,300 sq. ft. medical office lease in Fair Lawn

A spiritual healing center has leased nearly 1,300 square feet at a medical office building in Fair Lawn, under a newly announced transaction by NAI James E. Hanson.

Pennrose launches virtual tours at New Brunswick PAC apartments

Prospective renters can now remotely tour one of New Brunswick’s newest luxury apartment buildings, part of a landmark performing arts center project in the downtown.

Thor Equities, biopharma firm ink 102,000 sq. ft. lease at Bridgewater campus

Thor Equities Group has landed a major tenant at its newly acquired life sciences campus in Bridgewater, inking a 101,500-square-foot lease with a biopharmaceutical company.

Hammer: Eviction moratorium comes with ‘big fear’ for multifamily owners

Alan Hammer is not only a commercial real estate attorney with nearly 50 years of experience, but a self-described “hands-on” apartment operator in New Jersey and Pennsylvania. Simply put, he’s all too familiar with the dilemma that landlords in the region will face on the first of the month and beyond, with moratoriums on evictions during the coronavirus crisis.

NKF inks 66,000 sq. ft. lease at Warren office, tech campus

A global communications firm has leased more than 65,000 square feet at a three-building commercial campus in Warren, in a newly announced transaction by Newmark Knight Frank.