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.

Retail
RKF named leasing agent for Maxwell’s in Hoboken

The owner of a landmark music venue and restaurant in Hoboken has hired RKF to market the property to prospective new tenants.

Finance & Capital Markets
Procida inks $7 million loan for Bergen banquet hall

Procida Funding & Advisors has provided a $7 million loan for a Bergen County catering hall to consolidate existing debt and complete minor upgrades.

Office
WCRE brokers sale of Cherry Hill office building

A freestanding medical office building in Cherry Hill has changed hands, following a sale arranged by Wolf Commercial Real Estate.

Professional Services
For LSRPs, a steady pipeline for years to come

Michael Novak, president of Atlantic Environmental Solutions Inc. in Hoboken — Courtesy: AESI The Licensed Site Remediation Professional program has undoubtedly eased the state’s backlog of contaminated sites. In the years to come, that volume could be a fraction of the…

Government & Public Policy
Hampshire acquires Hackensack site, its first Opportunity Zone investment

The Hampshire Cos. has made its first investment under the federal Opportunity Zone program, acquiring a parcel near Hackensack University Medical Center that it will redevelop as part of a joint venture.

Residential & Mixed Use
East Orange developer details plans for 201-unit apartment tower

A developer is on track to break ground on a new 18-story luxury residential tower in East Orange after winning approval for a payment in lieu of taxes agreement.

Industrial
Stro touts purchase of Woodland Park industrial buildings

The Stro Cos. has closed on a two-building, 100,000-square-foot industrial portfolio in Woodland Park, its third acquisition in the past nine months.

Retail
7-Eleven opens new store in Denville, Zoltek says

A new 7-Eleven has opened its doors near downtown Denville, following a lease arranged by Zoltek Realty.

Industrial
JLL: Burlington industrial building trades for $10.7 million

A national investment firm has expanded its holdings in New Jersey, acquiring a 174,000-square-foot industrial building in Burlington County.

Government & Public Policy
Kearny Point, Bell Works among sites eligible for EDA rent grants for startups

The state has approved nine locations at which technology or life sciences startups can apply for rent support grants that would help them move into incubators, accelerators or co-working spaces, including some of New Jersey’s largest redevelopment projects.