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
Brunelli touts seven new Dollar Tree leases in New Jersey

Dollar Tree is set to add eight locations in New Jersey, following a set of leases brokered by R.J. Brunelli & Co. LLC.

Residential & Mixed Use
Developer unveils 130-unit, waterfront condo building in Asbury Park (SLIDESHOW)

A developer has taken the wraps off a new luxury condominium building in Asbury Park, the latest piece of its high-profile, $300 million redevelopment along the city’s iconic beachfront.

Government & Public Policy
Amazon HQ2: Newark council approves $2 billion incentive package

Newark city officials have formalized a $2 billion incentive package meant to attract Amazon’s second headquarters project, one that could also be used to lure other companies that would deliver a similar economic impact.

Residential & Mixed Use
South Jersey garden apartments fetch $27.4 million

A private investor has paid more than $27 million for a 456-unit apartment complex in Camden County, brokers with The Kislak Co. Inc. said Wednesday.

Office
KRE launches upgrades at Bridgewater office building, C&W says

Kushner Real Estate Group has started renovations at a 140,000-square-foot office building in Bridgewater, with a focus on adding new amenities and collaborative spaces to the property.

Residential & Mixed Use
Gebroe-Hammer touts $20.3 million in Middlesex, Monmouth apartment sales

A newly built, 38-unit apartment building in Perth Amboy has sold for more than $5.6 million, in one of several recent transactions announced Wednesday by Gebroe-Hammer Associates.

Office
Sanzari: Housewares seller leases 3,300 sq. ft. in move to Hasbrouck Heights

A housewares wholesaler has leased 3,300 square feet at Heights Plaza, the 200,000-square-foot Hasbrouck Heights office building owned by Alfred Sanzari Enterprises.

Finance & Capital Markets
Kennedy Funding lends $1.45 million to developer in Montana oil country

Kennedy Funding has closed a $1.45 million loan for a developer near an oil-rich region at the border of North Dakota and Montana.

Health Care & Education
Hampshire, Circle Squared break ground on medical offices in Essex County (SLIDESHOW)

A development team has broken ground on a long-awaited medical office building on the border of Montclair and Glen Ridge, with the goal of expanding the footprint and services of the nearby Mountainside Medical Center.

Residential & Mixed Use
Affordable housing development breaks ground in Cherry Hill

Pennrose and a community organization have started construction on a new 160-unit affordable housing complex in Cherry Hill that will serve older adults and those with special needs.