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.

Residential & Mixed Use
Investors debut rehabbed affordable housing in Jersey City (SLIDESHOW)

A joint venture has completed its rehabilitation of Jersey City’s largest privately held Section 8 housing complex, a 483-unit property near the city’s Journal Square section.

Finance & Capital Markets
NKF inks sales of Bayonne retail center, Marlton office building

Investors have paid a combined $11 million for a Bayonne shopping center and a Marlton office building, in separate deals announced Friday by Newmark Knight Frank.

Residential & Mixed Use
Affordable senior housing breaks ground in Cinnaminson

Developers have started construction on a new 54-unit, age- and income-restricted rental community in Cinnaminson, their seventh joint venture in southern New Jersey.

Finance & Capital Markets
Kennedy Funding inks $2.4 million loan for Wyoming homebuilder

Kennedy Funding has closed on a $2.4 million loan that will pave the way for a new 221-acre residential development in Wyoming’s second-largest city.

Editor’s Note
A new twist on mixed-use

As you’ll read in this month’s cover story, a joint venture is banking on health care as a key ingredient in a long-awaited, mixed-use project in Gloucester County. Consider that the 35-acre development, known as Washington Square Town Center, includes a 40,000-square-foot medical office building as a way to balance the amount of retail on the site. The plan also calls for a 110-bed assisted living facility, which will provide the tax revenue that might otherwise come from a more traditional commercial use.

Government & Public Policy
Murphy unveils Hoboken flood wall location, but fate of rail yards project still unclear

Gov. Phil Murphy has announced a long-awaited plan for a flood barrier at the southern end of Hoboken, although its location could threaten or dramatically alter a proposal to redevelop the rail yards alongside the city’s busy train terminal.

Professional Services
Engineering firm debuts 57,000 sq. ft. office in Woodcliff Lake

A national engineering firm with a plan to expand in New Jersey has opened its new 57,000-square-foot office in Woodcliff Lake.

Residential & Mixed Use
Construction begins at Burlington senior housing complex

March Associates Construction has broken ground on the first of eight remaining buildings within a master-planned senior living community in Burlington County.

Residential & Mixed Use
FEM hails construction milestone at upscale condo project in Long Branch

A new eight-story luxury condominium building in Long Branch is on track to open next fall, as its developer marks a construction milestone for the beachfront property.

Professional Services
Newark Museum design team honored for façade, interior renovations (SLIDESHOW)

The design firm behind recent renovations at the Newark Museum has won statewide acclaim, winning an award from the organization Downtown New Jersey.