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.

Office
Sanzari: Housewares seller leases 3,300 sq. ft. in move to Hasbrouck Heights

A housewares wholesaler has leased 3,300 square feet at Heights Plaza, the 200,000-square-foot Hasbrouck Heights office building owned by Alfred Sanzari Enterprises.

Finance & Capital Markets
Kennedy Funding lends $1.45 million to developer in Montana oil country

Kennedy Funding has closed a $1.45 million loan for a developer near an oil-rich region at the border of North Dakota and Montana.

Health Care & Education
Hampshire, Circle Squared break ground on medical offices in Essex County (SLIDESHOW)

A development team has broken ground on a long-awaited medical office building on the border of Montclair and Glen Ridge, with the goal of expanding the footprint and services of the nearby Mountainside Medical Center.

Residential & Mixed Use
Affordable housing development breaks ground in Cherry Hill

Pennrose and a community organization have started construction on a new 160-unit affordable housing complex in Cherry Hill that will serve older adults and those with special needs.

Professional Services
CBRE adds to New Jersey project management team

CBRE has hired a new senior project manager in New Jersey.

Retail
LMC: Comcast leases 4,000 sq. ft. in Woodbridge

Comcast has leased 4,000 square feet and will open a new Xfinity retail store at a Woodbridge shopping center, Levin Management Corp. said Tuesday.

Industrial
Sitex names new vice president

Sitex Group has promoted a senior associate to vice president, allowing him to take on a larger role in both development and acquisitions for the Englewood-based firm.

Office
JLL inks four leases at One Newark Center for 68,000 sq. ft.

Four tenants have combined to lease nearly 68,000 square feet at One Newark Center, the 423,000-square-foot office tower in downtown Newark, including the iconic top-floor space that was the longtime home of The Newark Club.

Office
Investors plan new chapter for historic Camden office building

A building in downtown Camden that was once the epicenter of recorded music is now poised to become Class A office space, under a plan to restore the historic property while honoring its past.

Professional Services
Weichert touts four new hires on brokerage team

Weichert Commercial Brokerage Inc. has expanded its team with the hiring of a new senior vice president and three sales associates.