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.

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SLIDESHOW: Rutgers conference on Opportunity Zones draws sold-out crowd

More than 200 industry leaders and influencers turned out recently for a Rutgers Center for Real Estate conference on the new federal Opportunity Zone program.

Finance & Capital Markets
Kennedy Funding inks $3.2 million loan for engineering firm

Kennedy Funding has closed a $3.2 million loan that will support the growth of a Maryland engineering firm, the Englewood Cliffs-based lender announced Friday.

Office
Law firm, Edison Properties to relocate HQs to Ironside Newark

A law firm is set to relocate to Edison Properties’ Ironside Newark project, as the developer also prepares to move its own headquarters to the rehabilitated former warehouse building.

Residential & Mixed Use
Prism launches construction at ‘Wonder Lofts’ project in Hoboken

Prism Capital Partners has kicked off its plan to convert a historic Wonder Bread factory in Hoboken, where the firm and its partners will deliver more than 80 luxury condos and apartments.

Finance & Capital Markets
MRC inks $67.5 million loan for 640-unit redevelopment site in Harrison

A joint venture has landed a $67.5 million loan to acquire a 205-unit multifamily project in Harrison and an adjacent development site that could house another 435 apartments.

Finance & Capital Markets
HFF brokers $9.9 million loan for Montvale office deal

The buyer of a nearly 94,000-square-foot office building in Montvale has secured $9.94 million in acquisition financing, under a transaction arranged by brokers with HFF.

Residential & Mixed Use
NY Waterway shuttle expands service to new Cliffside Park condo project

A newly opened, luxury condominium building in Cliffside Park has added a mass transit option to its list of amenities.

Residential & Mixed Use
Denholtz gains approvals, unveils expanded plan for mixed-use Red Bank project

Denholtz Associates has received approval for a newly expanded plan to bring a mix of new apartments and commercial space to a site adjacent to Red Bank’s train station.

Residential & Mixed Use
Bergen County apartment tower sells for $43 million, HFF says

A recently upgraded, 146-unit apartment tower in Fairview has changed hands for more than $40 million, following a transaction announced Wednesday by HFF.

Office
JLL: Data backup firm takes 30,000 sq. ft. in Englewood Cliffs

A cloud data solutions firm has leased 30,000 square feet in Englewood Cliffs, in a transaction arranged by brokers with JLL.