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.

North Jersey site could house zip line park, NAI Hanson says

NAI James E. Hanson has been named the exclusive listing agent for two vacant parcels in Morris County — including one that may be used for a zip line park.

Finance & Capital Markets

Kislak brokers $4.25M apartment sale outside N.J.

Brokers with The Kislak Co. Inc. in Woodbridge have arranged the $4.25 million sale of two multifamily properties in New York’s Hudson Valley region, the firm announced Tuesday.

Finance & Capital Markets

Wilcox brokers financing for South Jersey flex property

G.S. Wilcox & Co. has arranged a $7 million loan for a six-building, 240,000-square-foot industrial flex park in Gloucester County, the commercial mortgage banking firm said.

Office

Colliers: Pine Brook office building trades for $2.5 million

A private investor has paid $2.5 million for an office building just outside Parsippany, in a value-add deal brokered by Colliers International.

Residential & Mixed Use

Ruling on poor workmanship gives certainty to contractors

There is no shortage of pitfalls that developers and general contractors can face in New Jersey, but it looks as though one longtime source of angst may be gone for good. Late this summer, the state Supreme Court ruled that faulty work by subcontractors can be covered under a general contractor’s insurance policy.

People

Bergman hires CRE industry veteran in asset management role

David Iacobucci has joined Bergman Real Estate Group as a senior investment manager, the real estate investment and management firm announced Monday.

The Rundown

Report: Retail vacancy ticks up in northern N.J.

The struggles of big-box stores such as Sports Authority have led to a rare increase in summertime retail vacancy in northern and central New Jersey, according to a recent report.

Industrial

Logistics firm leases 42K sq. ft. in South Brunswick

A logistics firm has a new home at a South Brunswick industrial building after a lease arranged by Bussel Realty Corp., the real estate services firm said Monday.

Office

Sale of MetLife building caps off revival of former Lucent campus

Fresh off the opening of MetLife Investments’ gleaming new headquarters in Hanover, the state-of-the-art office building has a new owner. For the sellers of the 185,000-square-foot property, it’s the conclusion to one of New Jersey’s biggest redevelopment stories in recent years.

People

Leading N.J. land use attorney Gonchar joining Sills Cummis

Meryl Gonchar, a veteran and well-known land use attorney in New Jersey, has a new home at one of the state’s powerhouse law firms.