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
Progress: $2.8 million loan funds Monmouth County retail purchase

Progress Capital Advisors has secured nearly $2.8 million in financing for a client to acquire an 18,150-square-foot shopping center on Route 35 in Neptune.

Industrial
Developers grapple with scarce opportunities, soaring prices while riding N.J. industrial wave

In New Jersey’s booming industrial market — where rent growth is unprecedented and speculative development is rewarded — owners and investors still face a major challenge when it comes to deploying capital and keeping their pipelines filled.

Finance & Capital Markets
Developer secures $15 million loan for Somerville rental project, Meridian says

Meridian Capital Group has brokered $15 million in financing for the development of a new 60-unit luxury rental property in downtown Somerville.

Retail
Advance welcomes H Mart to Paramus retail center (SLIDESHOW)

H Mart has opened the doors to a new 25,000-square-foot supermarket on Route 17 in Paramus, its first in the borough and its latest in Bergen County.

Office
CBRE: Cybersecurity firm inks 20,000 sq. ft. in Roseland

A cybersecurity firm is set to move its U.S. headquarters to Roseland, following a 20,000-square-foot office lease announced Monday by CBRE.

Industrial
Stro touts 45,000 sq. ft. industrial purchase in Bergen County

The Stro Cos. has acquired a 45,000-square-foot light industrial building at the nexus of three major highways in Elmwood Park, the commercial real estate firm said Monday.

Top News
SJP, Aetna announce 2 million sq. ft. redevelopment plan for Newark

SJP Properties and Aetna Realty have unveiled plans for a project in Newark that could deliver up to 2 million square feet of commercial and residential space at the city’s Broad Street station.

Government & Public Policy
Oliver talks DCA changes, affordable housing at NAIOP forum

State officials are weighing their options for modernizing the Department of Community Affairs, Lt. Gov. Sheila Oliver said last week, from electronic permitting to the potential to allow municipalities to privatize code enforcement. Far less certain is how they will tackle more high-profile issues such as affordable housing, shared services and the tax credit programs that have fueled development in recent years.

Professional Services
Retail broker joins CBRE as vice president in New Jersey

CBRE has added to its roster of retail brokers in New Jersey with one of its latest hires.

Industrial
Mertz brokers sale of Atlantic County industrial portfolio

An investor has purchased a three-building, 139,000-square-foot warehouse portfolio in Egg Harbor Township, in a sale arranged by brokers with NAI Mertz.