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
Rockefeller taps former Prologis exec to lead New Jersey, Pennsylvania offices

Rockefeller Group has named a new leader of its development team in New Jersey and Pennsylvania, tapping a former Prologis market officer to fill the role.

Retail
HFF marketing multistate, grocery-anchored retail portfolio

A five-state, 934,000-square-foot retail portfolio anchored by grocery and wholesale stores is on the market for sale, with an offering that includes properties in northern and central New Jersey.

Residential & Mixed Use
Gebroe-Hammer touts $18.2 million in New Jersey apartment sales

More than 130 apartments in Bergen, Essex and Union counties have changed hands for a combined $18.18 million, following a series of transactions by Gebroe-Hammer Associates.

Residential & Mixed Use
Hudson County rental building sells for $10.3 million

An investor has acquired a 32-unit apartment building in West New York for $10.3 million, in one of two recent Hudson County deals arranged by CBRE.

Finance & Capital Markets
NorthMarq inks $38 million refi for Burlington County rental complex

The owner of a 405-unit multifamily complex in Cinnaminson has refinanced the property for $38 million, under a recently announced transaction by NorthMarq Capital.

Residential & Mixed Use
Roseland, local officials hail ‘tremendous’ response to new Weehawken rental project

Mack-Cali Realty Corp. has opened the doors to the latest project by its Roseland Residential Trust subsidiary, a 295-unit luxury apartment building on the Weehawken waterfront, where renters have leased 90 percent of the homes in barely three months.

Residential & Mixed Use
Developers acquire Bayonne site slated for 651 apartments

A joint venture has closed on 14 acres on the former Military Ocean Terminal at Bayonne, paving the way for the development of more than 650 new luxury apartments.

Office
Three tenants take 83,000 sq. ft. at Ridgefield Park office building

Three companies have joined the roster at a 310,000-square-foot office building in Ridgefield Park, where they have signed a total of more than 83,000 square feet.

Finance & Capital Markets
HFF brokers $15.65 million construction loan for Hillside self-storage project

The developer of a 1,203-unit self-storage facility has secured $15.65 million in financing, following a transaction arranged by brokers with HFF.

Residential & Mixed Use
NJPAC taps Lizura to lead development efforts in Newark

Tim Lizura, a former longtime top executive with the state Economic Development Authority, has joined the New Jersey Performing Arts Center to oversee the development of the land around the downtown Newark venue.