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.

People
Prism promotes Castiglia to chief financial officer

Prism Capital Partners has named longtime team member Anne Castiglia as its chief financial officer, a move that coincides with a period of significant growth for the Nutley-based firm.

Retail
East Orange project lands Burlington, Five Below amid 75,000 sq. ft. of new retail leasing

Retailers are flocking to The Crossings at Brick Church Station in East Orange, accounting for nearly 75,000 square feet of leasing activity at the transformative mixed-use project.

Residential & Mixed Use
Kontos Group lands key approval, moves closer to start of 80-unit Linden rental project

The Kontos Group is advancing a project that would bring 80 new apartments to Linden, seeking to revitalize a site in one of the city’s key commercial corridors.

Residential & Mixed Use
Marcus: Investor completes 1031 exchange, buys Carlstadt rental building for $1.3 million

A cash buyer has purchased an eight-unit apartment building in Carlstadt for $1.325 million, in a newly announced deal by Marcus & Millichap.

Community
Newmark Associates visits Newark high school, giving students an ‘immersive introduction’ to commercial real estate

For a group of Newark teenagers, a recent school day came with a glimpse into the world of commercial real estate.

Residential & Mixed Use
Walters scores 10 FAME Awards, including Community of the Year for Hainesport property

Walters has earned major bragging rights after winning 10 awards at the Shore Builders Association of Central New Jersey’s annual ceremony earlier this month.

Events
See photos from NAIOP NJ gala as sold-out crowd celebrates Deals of the Year, industry leaders

NAIOP New Jersey’s annual Commercial Real Estate Awards Gala drew a sold-out crowd last week for a night of networking and a showcase of the industry’s best and brightest.

Office
Inside Freshpet’s new award-winning headquarters in Bedminster built by Iron Hill Construction Management (SLIDESHOW)

The team behind this year’s NAIOP New Jersey Office Deal of the Year — Freshpet’s Inc.’s new corporate headquarters in Bedminster — is offering a new look inside the project.

Photos
PHOTOS: NAIOP’s I.CON East draws 1,000+ commercial real estate leaders to Jersey City

New Jersey’s commercial real estate sector was well-represented this week at I.CON East, NAIOP’s annual must-attend conference on the warehouse and logistics sector.

Industrial
Bineth expands self-storage portfolio with projects in Elizabeth, Pennsauken and Buffalo

Developer Chananya Bineth and his teams at Bineth Group and Upper Space Group have added two new self-storage facilities in New Jersey and another in Buffalo, New York.