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
Colliers: E-commerce firm expands, takes 341,000 sq. ft. in Jersey City

An online furniture and home décor seller has more than doubled its footprint in New Jersey, leasing 341,000 square feet at a Jersey City industrial building.

Office
Amenities, upgrades yield new leases at Freehold office park, NKF says

A landlord’s overhaul of a Freehold office complex is paying dividends, brokers with Newmark Knight Frank announced, touting nearly 90,000 square feet in recent leasing volume.

Deals
Mixed-use Morris County property sells for $1.3 million, Marcus says

A private investor has sold a 10,650-square foot mixed-use property in Morris County, in a nearly $1.3 million sale arranged by Marcus & Millichap.

Residential & Mixed Use
Sales underway at new Bijou condos in Hoboken

Bijou Properties is debuting its latest residential project in Hoboken, a collection of 10 upscale condominiums in the northwestern section of the city.

Residential & Mixed Use
RPM, public officials debut 145-unit affordable project in Monmouth County

RPM Development Group has unveiled a new 145-unit affordable housing property in Aberdeen, marking the completion of an effort to redevelop a long-vacant industrial site.

Government & Public Policy
State honors three projects with housing, economic development awards

The state has doled out its annual Governor’s Excellence in Housing and Economic Development Awards, recognizing three well-known projects in northern and central New Jersey.

Office
With its ‘assembly line’ approach, Vision’s pipeline is bigger (and bolder) than ever

Vision Real Estate Partners is ramping up the next phase of its pipeline in New Jersey, relying on its “assembly line mentality” and the mix of creativity and capital that has allowed it to thrive with high-profile redevelopment projects in recent years.

Office
HFF: Investor buys 120,000 sq. ft. Morris County office building

An investment group has acquired a recently renovated, 120,000-square-foot office building about two miles from downtown Morristown, brokers with HFF announced Wednesday.

Finance & Capital Markets
Lenders close $12.5 million loan for 107-year-old ‘Art Factory’ in Paterson

The owner of a historic factory complex in Paterson that is home to artists, filmmakers and other creative users is getting a $12.5 million infusion for the property, under a loan closed by Silver Arch Capital Partners and Procida Funding & Advisors LLC.

Office
Life sciences firm renews for 10,400 sq. ft. in East Rutherford, Garibaldi says

A life sciences company has renewed its nearly 10,400-square-foot lease in East Rutherford, where it has maintained its headquarters for nearly 30 years.