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

DRA unveils new luxury apartments in Union

A developer has opened the doors to a new 130-unit, upscale apartment building in Union.

Retail

Lee & Associates inks bank extension in Livingston

Santander Bank has extended its nearly 5,000-square-foot lease at a Livingston commercial building, in a deal announced this week by Lee & Associates of New Jersey.

Office

NKF: Tenants ink 73,000 sq. ft. at upgraded Edison office building

The owner of an Edison office building has closed 73,000 square feet in new leases, following upgrades at the 250,000-square-foot property.

Industrial

CBRE industrial broker earns top national honors for 2017

A veteran broker with CBRE was the firm’s top industrial producer in the Americas in 2017, with a series of deals headlined by high-profile transactions in Edison and Perth Amboy.

Retail

LMC touts eight new hires to support growing portfolio

Levin Management Corp. has announced eight new hires, spanning a range of departments from accounting and legal to marketing and property management.

Event Coverage

New development, Amazon bid highlight potential for Newark office market

Despite high overall vacancy and a recent slowdown in leasing, Newark is starved for modern Class A office space — creating an opportunity for developers that can capture that demand.

Events

NAIOP New Jersey public policy symposium postponed

NAIOP New Jersey’s Public Policy Symposium, scheduled for March 21 at 7:45 a.m. in New Brunswick, has been postponed due to the winter storm forecast.

Health Care & Education

Murphy ‘supercharges’ New Brunswick project with plans for state innovation hub

Gov. Phil Murphy has thrown his support behind a high-profile redevelopment project in New Brunswick, pledging to create a focal point for research and innovation that will feed sectors such as health care, higher education and technology.

Hampshire mourns veteran CRE executive Anderson

The state’s commercial real estate industry is mourning the loss of Todd Anderson, a longtime executive with The Hampshire Cos. who died suddenly this past weekend at age 58.

Finance & Capital Markets

Rental owner refinances five properties for $15 million, lender says

A multifamily owner has refinanced five properties in New Jersey, thanks to a $15.2 million loan from a New York-based commercial real estate finance firm.