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
Black Bear, Bettina join Echevarria for $125 million development venture in Hudson County

Investors have acquired three multifamily development sites in Hudson County as part of a new venture that plans to spend up to $125 million on new apartment projects in the region.

Events
Ten finalists vying for NAIOP N.J. Deal of the Year honors, as chapter hits 90 percent sold mark for must-attend gala

Nearly a dozen transactions and projects will take center stage next week as contenders for NAIOP New Jersey’s Deal of the Year awards, as the organization prepares for what’s poised to be another sellout for its annual Commercial Real Estate Awards Gala.

Office
JLL stays on as leasing agent after Signature buys 464,000 sq. ft. Secaucus office building

Signature Acquisitions has retained JLL as the leasing team at 500 Plaza Drive in Secaucus after its recent acquisition of the 464,000-square-foot office building.

Finance & Capital Markets
Kennedy Funding inks $1.7 million land loan to support 69-unit townhome project near Dallas

Kennedy Funding has closed on a $1.66 million land loan to a developer seeking to build 69 townhomes outside Dallas, the Englewood-based firm announced last week.

Top News
Paterson’s Art Factory, long eyed for adaptive reuse potential, back on the market for sale after acquisition by Procida

The historic Art Factory complex in Paterson is on the market for sale, as investors and city officials seek a buyer to help achieve a long-awaited redevelopment plan for the site.

Professional Services
Greek Management earns prestigious AMO accreditation from IREM

Greek Real Estate Partners has gained a seal of approval for one of its key divisions, thanks to a new accreditation from the Institute of Real Estate Management.

Industrial
Omni Group inks lease for North Brunswick industrial outdoor storage site, BRC says

The owner of a nearly one-acre industrial outdoor storage property in North Brunswick has secured a tenant, in a newly announced deal by Bussel Realty Corp.

Office
NAI Hanson: Mental health agency expands to Wayne with new 5,000 sq. ft. lease

A nonprofit mental health agency has expanded after taking 5,000 square feet at a Wayne office building, brokers with NAI James E. Hanson announced Thursday.

Residential & Mixed Use
KRE Group launches leasing at new six-building, 270-unit Hopewell rental property

KRE Group has all but completed a new 270-unit multifamily project in Hopewell, the latest addition to its housing portfolio in suburban markets.

Industrial
STRO, KRE ink two leases to fill 137,000 sq. ft. spec warehouse in Florham Park, C&W says

The STRO Cos. and KRE Group have landed two tenants to prelease nearly 137,000 square feet of new industrial space in Florham Park, brokers with Cushman & Wakefield said Wednesday.