A private investor has sold a Bloomfield retail property for nearly $3.5 million, according to brokers with Marcus & Millichap’s New Jersey office.
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.
RBH Group, city officials unveil transformative Teachers Village project in Newark
RBH Group founder and CEO Ron Beit joined Newark Mayor Baraka and other public officials on Tuesday to unveil the $150 million Teachers Village project in downtown Newark. Sitting just west of Halsey Street and north of Pearl Street, the six-building, 400,000-square-foot project has transformed five blocks in the city, resulting in 204 moderately priced apartments, three charter schools, open space and 65,000 square feet of retail space.
Population, policy shifts in focus at NAIOP developers’ panel
The role of demographics and government were in focus recently as NAIOP New Jersey hosted its annual CEO Perspective event. Joined by a crowd of professionals and developers, four executives highlighted key trends and policies that are shaping New Jersey’s real estate sector, while raising questions about what could impact the industry in the near term.
