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
Ground lease, demolition of vacant retail building clear way for new ShopRite in Wayne

A developer is moving ahead with plans to raze and redevelop an aging retail property in Wayne, paving the way for a new 79,540-square-foot ShopRite that will open next fall.

Retail
Jacobs, Pierson tout 10,000 sq. ft. in leasing at Wall retail center

Tenants have inked more than 10,000 square feet of new leasing activity at a Route 35 shopping center in Wall, as its management continues a host of renovations at the property.

Events
ULI highlights top New Jersey CRE projects, industry leaders at awards dinner

The Urban Land Institute honored a dozen commercial real estate projects and industry leaders last week as part of an annual awards dinner hosted by its northern New Jersey chapter.

Office
Fintech firm debuts Newark office after move from Manhattan

A financial technology firm has opened its new office in downtown Newark, thanks in large part to a $6.5 million state incentive that helped lure the company from Midtown Manhattan.

Office
With upgrades underway, JLL named leasing agent at Hoboken office building

The owner of a 120,000-square-foot office building near the Hoboken waterfront has tapped JLL as its leasing agent.

Retail
Auto dealership property sells in Camden County

A freestanding, 3,500-square-foot building in Pennsauken has changed hands among auto dealerships, following a transaction brokered by Wolf Commercial Real Estate.

Photos
SLIDESHOW: Rutgers conference on Opportunity Zones draws sold-out crowd

More than 200 industry leaders and influencers turned out recently for a Rutgers Center for Real Estate conference on the new federal Opportunity Zone program.

Finance & Capital Markets
Kennedy Funding inks $3.2 million loan for engineering firm

Kennedy Funding has closed a $3.2 million loan that will support the growth of a Maryland engineering firm, the Englewood Cliffs-based lender announced Friday.

Office
Law firm, Edison Properties to relocate HQs to Ironside Newark

A law firm is set to relocate to Edison Properties’ Ironside Newark project, as the developer also prepares to move its own headquarters to the rehabilitated former warehouse building.

Residential & Mixed Use
Prism launches construction at ‘Wonder Lofts’ project in Hoboken

Prism Capital Partners has kicked off its plan to convert a historic Wonder Bread factory in Hoboken, where the firm and its partners will deliver more than 80 luxury condos and apartments.