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.

Finance & Capital Markets
Wilcox inks $25.5 million loan for Bucks County luxury apartments

G.S. Wilcox & Co. has secured $25.5 million in financing for a recently built, 151-unit luxury apartment complex about 20 miles west of Trenton.

Residential & Mixed Use
Association picks Maplewood rental project as 2018 community of the year

The Metropolitan Builders & Contractors Association of New Jersey has recognized a boutique residential and retail property in Maplewood as its mixed-use community of the year, developer JMF Properties said Monday.

Government & Public Policy
Lizura leaving EDA next month

Tim Lizura, the Economic Development Authority’s president and chief operating officer since 2012, is stepping down from the influential state organization next month.

Editor’s Note
Editor’s note: Mastering the middle

Even before I started covering commercial real estate full-time, I still came across development stories during my earlier days as a metro reporter in Central Jersey. One of those stories came when I was covering Bound Brook, a borough in Somerset County that had a tired downtown and a history of being battered by flooding from the Raritan River. But in early 2011, we learned that a developer named George Capodagli was interested in building the type of new apartments that were starting to crop up elsewhere in the state.

Industrial
Bridge details 1.7 million sq. ft. industrial project in Somerset, efforts to restock N.J. pipeline

Bridge Development Partners is planning a three-building, 1.7 million-square-foot industrial complex in Somerset County after acquiring parcels from two separate sellers, part of an effort to refill its pipeline in New Jersey after a blockbuster portfolio sale last year.

Office
Rudin leaves Mack-Cali after stints as CEO, vice chairman

Mitchell Rudin has stepped down as vice chairman of Mack-Cali Realty Corp., a position he held for just over a year after about two years as the company’s CEO.

Industrial
C&W named leasing agent for 3.3 million sq. ft. logistics campus in Logan Township

A joint venture has picked Cushman & Wakefield as its leasing agent for more than 3 million square feet of planned warehouse and distribution space in Gloucester County.

Industrial
Team Resources touts expansions, 284,000 sq. ft. lease in Ledgewood

A global transportation and logistics company has expanded to more than 280,000 square feet in Morris County, in a set of transactions announced by Team Resources Inc.

Photos
SLIDESHOW: March of Dimes’ annual New Jersey real estate reception

Hundreds turned out recently to honor Sam Morreale, founder and managing partner of Vision Real Estate Partners, as part of the annual real estate award reception hosted by the March of Dimes North Central New Jersey.

Retail
WCRE: Fitness concept leases 2,000 sq. ft. in Voorhees, its first East Coast location

A fitness studio based in Arizona has picked southern New Jersey for its first East Coast location, under a deal arranged by Wolf Commercial Real Estate.