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.

Professional Services
LMC adds new VP of construction, development

Levin Management Corp. has bolstered its in-house team with the addition of a new vice president of construction and development.

Residential & Mixed Use
Developers launch leasing at 59-unit Morristown project

Roseland Residential Trust and Woodmont Properties have taken the wraps off a new 59-unit luxury apartment building in downtown Morristown.

Office
State office leases 12,400 sq. ft. in Cherry Hill, WCRE says

A branch office of the state judiciary is relocating to Cherry Hill, following a 12,400-square-foot lease arranged by Wolf Commercial Real Estate.

Finance & Capital Markets
Capodagli lands construction loan for 172-unit Rahway project, Avison Young says

Capodagli Property Co. has secured a $30 million construction loan for a new 172-unit apartment project in Rahway, in a transaction arranged by Avison Young.

Professional Services
Fields joins three-year-old, tech-focused construction startup

A startup focused on building technology has acquired Fields Construction Co., a well-known construction management firm and developer based in Hudson County.

Residential & Mixed Use
Daycare academy leases 4,600 sq. ft. at Jersey City rental tower

A new daycare business has leased space at a recently opened, luxury high-rise apartment building in Jersey City’s Liberty Harbor North neighborhood.

Industrial
CBRE touts $1.5 million industrial sale in Hackettstown

An industrial building in Hackettstown has changed hands for $1.5 million, following an investment sale announced Thursday by CBRE.

Finance & Capital Markets
Wilcox brokers $27 million loan for Central Jersey industrial owner

G.S. Wilcox & Co. has arranged $27.2 million in financing for a three-building industrial portfolio in central New Jersey, the commercial mortgage banking firm said.

Office
A workplace to enjoy: Onyx details new amenities at Morristown building (RENDERINGS)

Onyx Equities is planning everything from an expansive dining area to a game room to a gym that will rival a high-end fitness club — all part of a project at 340 Mount Kemble Ave. in Morristown. They will be part of a long list of amenities at the 400,000-square-foot complex, which the firm acquired in 2016 and plans to reposition for new tenants.

Professional Services
Inside JLL’s new Parsippany office, courtesy of Studio 1200

Studio 1200 has completed its design of JLL’s new office space in Parsippany, creating what it says is a classic yet contemporary workplace for the real estate services firm.