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
Columbia Bank sponsors, secures FHLBNY funds for New Jersey affordable housing projects

Investors will build or update nearly 200 affordable housing units in New Jersey with the support of Columbia Bank and newly announced funds from the Federal Home Loan Bank of New York.

Office
HQ Plaza welcomes Morristown officials, business leaders with transformation now complete

The owners of the sprawling HQ Plaza complex in Morristown have unveiled its new-look concourse, having transformed the area that connects the property’s three office towers, a Hyatt Regency hotel and a growing mix of retailers and restaurants.

Professional Services
Gibbons, Frost Brown Todd joining forces to create new coast-to-coast law firm

Gibbons PC, one of New Jersey’s most storied and influential law firms, is merging with Cincinnati-based Frost Brown Todd LLP to create a new midmarket legal powerhouse with some 800 attorneys and reach across the country.

Retail
Investor buys 53,000 sq. ft. Lawrenceville retail center for $11.4 million, Marcus says

More than 53,000 square feet of retail space in Lawrence Township has changed hands for $11.35 million, in a newly announced deal by Marcus & Millichap.

Industrial
CBRE: Morganville industrial site with 21,000 sq. ft. building trades for $6.9 million

A private investment firm has purchased a 21,000-square-foot industrial building on 4.8 acres in Marlboro for $6.9 million, brokers CBRE announced Wednesday.

Industrial
Industrial market finds balance in Q3 as leasing surges, construction slows in New Jersey

Industrial vacancy in New Jersey declined in the third quarter, as landlords enjoyed strong leasing momentum and a much-needed slowdown in new building deliveries.

Industrial
Terreno sells 603,000 sq. ft. South Brunswick warehouse for $144 million

Terreno Realty Corp. has sold a 603,000-square-foot industrial property in South Brunswick for more than $144 million, the real estate investment trust announced Tuesday.

Finance & Capital Markets
Buyer of Dallas housing parcel inks $2 million land loan from Kennedy Funding

A developer is set to acquire nearly 63 acres of raw land in Dallas with the help of a $2.05 million land loan from Englewood-based Kennedy Funding.

Industrial
Turnbridge buys 143,000 sq. ft. South Brunswick warehouse for $24 million, eyes value-add plan

Turnbridge Equities has acquired more than 143,000 square feet of warehouse space in South Brunswick that it now plans to update with a roughly $4 million renovation.

Finance & Capital Markets
PCCP, Stonemont snag $65 million bridge loan for new 296,000 sq. ft. warehouse in Passaic

The developers of nearly 296,000 square feet of new industrial space in Passaic have secured a $65.4 million bridge loan for the project, brokers with JLL announced Monday.