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.

Professional Services
Real estate, hospitality veteran joins Vantage RES

Vantage Real Estate Services has added to its business development team with its newest hire.

Residential & Mixed Use
Affordable housing opens at former brownfield site in Jersey City (SLIDESHOW)

A developer has opened the doors to a new 64-unit affordable housing complex in the Greenville section of Jersey City.

Industrial
C&W details moving startup’s 450,000 sq. ft. industrial lease in South Brunswick

A storage and moving services provider is slated for a late summer move-in at a new 450,000-square-foot distribution center in South Brunswick, following a deal arranged by Cushman & Wakefield.

Finance & Capital Markets
Mortgage banker touts $52 million loan for Bayshore multifamily deal

A commercial mortgage banking and investment sales firm has announced nearly $52 million in financing for the recent sale of a garden apartment complex in Monmouth County.

Retail
CBRE touts deals with apparel, Pilates tenants at Somerset Co. retail center

A clothing and home décor chain and a boutique Pilates studio are set to join the roster at a 218,000-square-foot retail center in Bound Brook, brokers with CBRE said Tuesday.

Editor’s Note
Redrawing the map for industrial

As you’ll find out in this month’s cover story, developers and brokers that have long focused on New Jersey are now stretching beyond the traditional boundaries of the state’s industrial market. And they are stretching them in every direction — for different reasons — in their quest to keep pace with tenants that are adopting a more regional approach.

Professional Services
Cresa touts growth in New Jersey, with five new hires and more to come

Cresa, the largest tenant-only commercial real estate brokerage, has expanded its team in New Jersey with five new hires over the past year and plans to continue hiring in the months ahead.

Residential & Mixed Use
Freehold senior housing project slated for fall groundbreaking

A developer is on track to begin a new 75-unit, age-restricted rental community in Freehold, with plans to complete a series of state environmental approvals in the coming weeks.

Industrial
Team Resources touts 190,000 sq. ft. industrial lease in Jersey City

A home décor retailer has leased 190,000 square feet at a Jersey City industrial building, in one of several recent transactions announced by Team Resources Inc.

Residential & Mixed Use
Middlesex Co. rental complex sells for $5.2 million, Kislak says

A private investor has acquired a 44-unit apartment complex in Middlesex County for $5.2 million, brokers with The Kislak Co. Inc. announced Monday.