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
After devastating fire, AvalonBay opens long-awaited Maplewood project

AvalonBay Communities Inc. has opened the doors to its new luxury apartment complex in Maplewood, some 15 months after a fire tore through the property just weeks before its original completion date.

Residential & Mixed Use
Developer details plans for ex-Colgate site in Morris County

JMF Properties has unveiled plans for transforming the former Colgate-Palmolive industrial campus in Morris County, where it has been named redeveloper of the 64-acre site.

Finance & Capital Markets
Investors touts $30 million loan for Livingston rehabilitation center

Investors Bank is celebrating the completion of a new 100,000-square-foot post-acute care facility in Livingston, for which it provided $30 million in financing.

Industrial
HFF sources $37 million loan for Secaucus industrial project

The developer of a newly built, two-building industrial complex in Secaucus has secured nearly $37 million in permanent financing, according to brokers with HFF who arranged the loan.

Office
NAI Hanson: Dentist moving to Teaneck building after acquisition

A dental practice will relocate within Teaneck after acquiring a 4,300-square-foot office building in the township, in a deal announced Wednesday by NAI James E. Hanson.

Residential & Mixed Use
Kislak inks $8.5 million multifamily sale in Jamesburg

An area landlord has sold the last piece of its portfolio, a 68-unit apartment complex in Jamesburg that is now slated for renovations under its new owner.

Industrial
Onyx, JLL unveil plans for office-to-industrial redevelopment in Mahwah

Onyx Equities is moving ahead with plans to raze an obsolete, 1960s office building in Mahwah and redevelop the site as a new 120,000-square-foot industrial building.

Office
HFF: Investor acquires seven Parsippany buildings, completes office park

An office park in Parsippany is under a single ownership for the first time in decades, HFF said, following an investor’s acquisition of seven properties on the campus.

Residential & Mixed Use
Essex County apartment deals total $31.7 million, Gebroe-Hammer says

Nearly 250 units in East Orange and Newark have changed hands for a combined $31.7 million, in a trio of investment sales brokered by Gebroe-Hammer Associates.

Events
NJCU conference set to focus on property management, global trade

An upcoming conference in Jersey City will shine a light on property management, with a focus on promoting international business and sharing best practices from around the world.