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
JLL: Russo, KRE close on Bergen Town Center parcel for 426-unit apartment project

Urban Edge Properties has completed its sale of a parcel at Bergen Town Center in Paramus, paving the way for a new 426-unit multifamily project by Russo Development and KRE Group.

Retail
Office space at The Park nearly full, as Connell taps leasing agent for campus’ retail space

The Connell Co. has named a leasing team for the growing retail component at The Park, its flagship campus in Berkeley Heights, having all but leased up the property’s 1.5 million square feet of office space.

Residential & Mixed Use
Cannon Hill, Hampshire tap Sparrow as property manager at Hackensack rental building

Cannon Hill Capital Partners and The Hampshire Cos. have picked Sparrow Management as the new property manager at an 82-unit luxury apartment building in Hackensack.

Retail
Goldstein Group: Strand Salon Studios takes 4,200 sq. ft. at Hoboken’s Hudson Tea building

A salon studio chain has expanded to Hoboken with a newly completed lease for more than 4,200 square feet, brokers with The Goldstein Group announced Monday.

Food & Beverage
Private buyer acquires West Caldwell’s Brook Tap House, KenKap says

A restaurant property in West Caldwell has changed hands for an undisclosed price, in a newly announced transaction by KenKap Realty Corp.

Residential & Mixed Use
‘The Journal’ takes center stage at Jersey City Summit as Kushner team discusses landmark 1,723-unit project

The team behind one of New Jersey’s largest-ever residential projects took the stage at the Jersey City Summit to discuss the project’s pending completion, its impact on the resurgent Journal Square neighborhood and what’s still to come for the surrounding blocks.

People
Pizzolato joins CBRE debt, structured finance team as senior vice president

CBRE has bolstered its debt and structured finance team in New Jersey with the addition of broker Matthew Pizzolato as a senior vice president.

Finance & Capital Markets
Capodagli secures $80 million bridge loan from Greystone for 325-unit Roselle Park project

Greystone has provided an $80 million bridge loan to Capodagli Property Co. for the developer to refinance a 325-unit apartment building in Roselle Park.

Residential & Mixed Use
Investors trade 24-unit Roselle Park apartment building in deal arranged by Kislak

An investor has sold a 24-unit apartment building in Roselle Park for nearly $4.2 million, according to a brokerage team with The Kislak Co. Inc.

Retail
Cushman touts sales of six bank branches in northern, central N.J. in deals totaling $5.7 million

Six vacant bank branches in New Jersey have changed hands after a series of deals totaling more than $5.7 million, brokers with Cushman & Wakefield announced Friday.