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
Developer opens 69-unit Somerville project, hails early leasing success

Sterling Properties has officially opened its new residential building near downtown Somerville, where it has quickly leased nearly half of its 69 luxury apartments.

Professional Services
Procida promotes three to vice president

Procida Funding & Advisors has named three new vice presidents after a set of promotions within its ranks.

Office
DiLeo-Bram: Chemical maker takes 20,000 sq. ft. at New Providence R&D building

A specialty chemical maker has leased more than 20,000 square feet in New Providence, under a newly announced transaction by NAI DiLeo-Bram & Co.

Retail
WCRE touts 6,200 sq. ft. retail sale in Camden County

A freestanding retail building in Camden County has changed hands, following a sale arranged by brokers with Wolf Commercial Real Estate.

Office
Rose Commercial inks 4,700 sq. ft. medical office lease in Voorhees

A regional health care practice has taken more than 4,700 square feet at a medical office building in Voorhees, brokerage firm Rose Commercial Real Estate announced last week.

Finance & Capital Markets
New York Life, Roseland ink $117 million mortgage for Jersey City rental tower

New York Life Real Estate Investors has completed $117 million in financing for a three-year-old, 311-unit luxury apartment tower in Jersey City developed by Roseland Residential Trust.

Professional Services
LAN announces new director of architecture in New Jersey

LAN Associates has named a new director of architecture for New Jersey as part of the leadership team for the Midland Park-based firm.

Office
Sanzari, event rentals firm sign 10,000 sq. ft. lease in Hasbrouck Heights

An event rental services company has taken nearly 10,000 square feet of office space in Hasbrouck Heights, under a newly announced lease with Alfred Sanzari Enterprises.

Residential & Mixed Use
Newark redevelopment plan backed by Queen Latifah slated for summer groundbreaking

A development group spearheaded by Queen Latifah is pushing ahead with a project in her native city of Newark, where it’s planning a mix of townhomes and affordable housing.

Office
Ware Malcomb touts completion of high-profile office project in Roseland (SLIDESHOW)

For anyone who hasn’t visited 56 at Roseland, a newly repurposed, amenity-rich office campus in suburban Essex County, its architect is offering a look inside. Design firm Ware Malcomb recently touted the completion of the project at 56 Livingston Ave. in Roseland, where it worked on behalf of Mountain Development Corp.