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
Russo adds to footprint in Kearny, debuts 280 apartments (SLIDESHOW)

Russo Development has delivered another 280 apartments in Kearny, completing the first of two phases at its newest residential project in the town.

Government & Public Policy
NJBA announces new COO, revamped government affairs team

The New Jersey Builders Association has named a new chief operating officer as part of a series of changes to its government affairs team.

Retail
NIA National Realty inks 2,500 sq. ft. bagel shop lease in Park Ridge

A bagel shop has opened a new 2,500-square-foot store in Park Ridge, following a lease arranged by NIA National Realty.

Finance & Capital Markets
Avison Young touts lease-up, $21 million refinance at upgraded flex building

The owners of a 114,200-square-foot flex industrial building in Bergen County have leased up the property and refinanced for $21.1 million, following a series of transactions arranged by Avison Young.

Office
Mack-Cali touts three major renewal, expansion leases on waterfront

Three major tenants have renewed and expanded within Mack-Cali Realty Corp.’s waterfront portfolio, leasing a combined 323,000 square feet in two Jersey City office buildings.

Professional Services
Adaptive reuse in Livingston yields new facility for youth with special needs

A new facility with 53,000 square feet of recreational, therapeutic and educational space will soon open in Livingston, providing a second chance for a long-vacant building and a new home for a nonprofit that serves youths with special needs.

Retail
LMC celebrates fruit bowl chain’s debut in Flemington

Healthy bowl and smoothie chain Frutta Bowls has opened the doors to its new 2,375-square-foot location in Flemington, Levin Management Corp. announced.

Office
Marlton office building sells for $5.1 million

A local investment group has acquired a 40,000-square-foot office building in Marlton, under a $5.1 million sale arranged by Markeim Chalmers Inc.

Residential & Mixed Use
Developer buys mixed-use Jersey City site, Marcus says

A developer has acquired a 9,400-square-foot mixed-use property in Jersey City, brokers said Wednesday, touting the site as an opportunity for new multifamily construction.

Retail
Walmart ground lease in Teterboro sells for $37 million

A developer has reaped more than $37 million from the sale of a Walmart ground lease within a sprawling retail and light industrial complex in Teterboro, its broker announced Tuesday.