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.

Industrial
N.J./N.Y. tops JLL ‘scorecard’ for distribution markets

By Joshua Burd The New Jersey/New York Metro Area has topped a new ranking of distribution markets by JLL, with researchers from the firm citing it as an “immensely important driver of industrial space.” The ranking by the real estate…

Deals
HFF arranges $73 million loan for Harrison multifamily project

HFF has secured $73 million in financing for Russo Development’s recently completed, 398-unit multifamily community in Harrison, the real estate services firm said Wednesd

Deals
Cushman & Wakefield arranges sale of South Brunswick industrial building

A fully occupied, 220,000-square-foot industrial building in South Brunswick has changed hands in a sale brokered by Cushman & Wakefield, the firm announced Tuesday.

People
Litt steps down from Mack-Cali board

Activist investor Jonathan Litt has resigned as a director of Mack-Cali Realty Corp., the Jersey City-based real estate investment trust announce

Top News
Mack-Cali touts Q2 leasing totals

Mack-Cali Realty Corp. leased more than 650,000 square feet of office and flex space in the second quarter, including more than 150,000 square feet in new deals.

Hospitality & Tourism
First new hotel in decades coming to downtown Montclair

The Pinnacles Cos., in a joint venture with The Hampshire Cos. and investment partner Circle Squared Alternative Investments, broke ground recently on downtown Montclair’s first new full-service hotel in decades.

Professional Services
Luzzi finds new role with Kimmerle Group

Kimmerle Group, an architectural and interior design company offering real estate planning and development services, has announced that Patrick J. Luzzi of Randolph has joined the firm as managing director.

Events
Panel: Embracing new workplace is key to success for landlords

How do you engage people who don’t want their father’s workplace? Many developers and office landlords are still trying to figure that out, but a panel of real estate experts were on hand recently to offer their thoughts. Speaking at a NAIOP New Jersey seminar, industry leaders tackled issues such as co-working, sustainability and employee retention.

Deals
Berger Organization grows office portfolio in downtown Newark

The Berger Organization has acquired a 33,000-square-foot building in downtown Newark that it will renovate and market as a sister property to an adjacent office tower, the firm announced.

Top News
Land purchase could signal expansion for Bayer in Hanover

Bayer Healthcare has acquired 86 acres of undeveloped land alongside its East Coast headquarters in Hanover, in a sign the pharmaceutical giant may be primed to expand its footprint at the three-year-old campus.