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.

Education

Industry meets education: Rutgers Center for Real Estate marks 10 years of growth, with more to come as program leaders look to the future

The Rutgers Center for Real Estate is marking its 10th anniversary, providing a chance for the program’s leaders to reflect on its growth and what’s still to come.

Finance & Capital Markets

W&D: Namdar Group lands $220 million bridge loan for 576-unit Journal Square project

Namdar Group has snagged a $220 million bridge loan for a new 576-unit luxury apartment building in Jersey City, brokers with Walker & Dunlop announced Monday.

Giordano, Halleran & Ciesla mourns loss of real estate, litigation attorney Adam Garcia

Adam Garcia, a shareholder with Giordano, Halleran & Ciesla PC whom the firm recalled as a dedicated and talented real estate attorney, has died at age 37.

Residential & Mixed Use

Axial Partners sells 68-unit Jersey City rental portfolio for $13.8 million, Hudson Atlantic says

A real estate investment firm has sold a two-building, 68-unit apartment portfolio in Jersey City for $13.8 million, in a newly announced deal by Hudson Atlantic Realty.

Professional Services

Gensler promotes Ellis, interior design expert, to director of workplace consulting studio

Gensler has promoted Jennifer Ellis to director with its Strategy Studio, a practice that guides clients through major changes to their organizations and workplaces.

Residential & Mixed Use

Westminster Management lands in top 25 in online reputation ranking for multifamily sector

Westminster Management has earned a place in the top 25 in an annual ranking published by an influential industry group.

Government & Public Policy

East Orange project with 420 rentals, commercial space lands $298 million Aspire award

The next phase of a massive redevelopment in East Orange is one step closer to breaking ground with the help of a nearly $298 million tax credit award under the state’s Aspire program.

Industrial

Accordia expands to South Carolina, acquires 305,000 sq. ft. industrial park for $48 million

Accordia has purchased more than 305,000 square feet of industrial space in South Carolina, marking its first acquisition in the state and the largest in its 20-year history.

Retail

RIPCO: Trader Joe’s-anchored retail center in Edgewater hits 97 percent occupancy

Tenants have all but filled a 73,000-square-foot retail center in Edgewater after a flurry of recent leasing activity secured by RIPCO Real Estate.

Industrial

Saxum, Penwood close on site for 166,000 sq. ft. industrial project in Southeast Pennsylvania

Saxum Real Estate and Penwood Real Estate Investment Management LLC are expanding their partnership with a newly announced, 166,000-square-foot industrial project in Pennsylvania.