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.

Professional Services
Investment sales broker Avanzato joins NAI Hanson as part of new institutional services team

Real estate services firm NAI James E. Hanson has launched a new team focused on institutional clients, one that includes newly hired broker Jordan Avanzato as a senior managing director.

Finance & Capital Markets
JLL: Seagis nabs $184 million in financing for New Jersey, Florida industrial portfolio

Seagis Property Group has closed on more than $184 million in financing for a combined 1.5 million square feet of industrial space in New Jersey and South Florida.

Community
Cornhole for a Cause, popular AEC industry fundraiser, returning May 1 to Tranquility Farm

Members of the state’s design and construction community are gearing up for the 9th annual Cornhole for a Cause tournament in Morris County, a popular networking opportunity and fundraiser that will support United Way of Northern New Jersey.

Finance & Capital Markets
Tishman Speyer lands $331 million loan for 924-unit second phase of Jersey City project

Tishman Speyer has secured a $331 million construction loan for a 924-unit apartment tower in Jersey City, the second piece of a two-phase development along the Hudson River.

Professional Services
Veteran broker Pollack joins RIPCO as managing director

Investment sales broker Seth Pollack has joined RIPCO Real Estate, bringing more than three decades of experience to the firm’s New Jersey team.

Industrial
MIG Real Estate named leasing agent, property manager for 274,000 sq. ft. Ironbound complex

The owner of a 274,000-square-foot industrial and office building in Newark’s Ironbound section has tapped MIG Real Estate to manage and lease the property.

People
Former Mandelbaum, DeCotiis attorney Migliorelli joins Sanzari as V.P. and general counsel

Alfred Sanzari Enterprises has added longtime commercial real estate attorney Robert Migliorelli as vice president and general counsel, the Hackensack-based firm announced.

Industrial
Sheldon Gross brokers sale of 12,000 sq. ft. warehouse in Readington

The longtime owner of a nearly 12,000-square-foot warehouse in Readington has sold the property, in a newly announced deal by Sheldon Gross Realty.

Retail
Leases by cannabis, ice cream shops among newest New Jersey deals by Zoltek

A new cannabis dispensary is coming to Hudson County after a lease in Jersey City’s Heights section, in one of several recent deals by Zoltek Commercial Real Estate Services.

Retail
Onyx-led team sells repositioned 190,000 sq. ft. shopping center in Hazlet for $44 million

An affiliate of Onyx Equities has sold a 190,000-square-foot shopping center in Hazlet for $44 million, nearly a decade after acquiring and embarking on a series of updates to the property.