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
Developer set to begin ‘smart home’ apartments at NJCU campus project

For an apartment complex that will be built on university-owned land, the concept of a smart home seems all too fitting. That will be the case for a new 144-unit project by KKF Enterprises, part of a sweeping redevelopment on the western side of Jersey City.

Finance & Capital Markets
Financing will support 46-unit project in Long Branch, Progress Capital says

Progress Capital Advisors has brokered a $9 million loan to help spur construction of a new 46-unit multifamily building in downtown Long Branch.

Residential & Mixed Use
Hoboken project gets $120 million recap from Prism, Angelo Gordon

Angelo, Gordon & Co. and Prism Capital Partners have stepped in to help complete a plan to convert a former Wonder Bread factory in Hoboken, bringing a $120 million recapitalization to the stalled residential project.

Professional Services
Valuation firm becomes IRR’s northern N.J. office

A Livingston-based firm has joined Integra Realty Resources, the largest independent commercial real estate valuation, market research and consulting firm in North America.

Professional Services
Engineering firm announces new HQ in Woodbridge

KEA Engineers is moving its headquarters in Woodbridge, with plans to occupy 12,400 square feet in the township’s Metropark section.

Office
Bergman: Fitness center is latest addition to Florham Park office complex

Bergman Real Estate Group has debuted a new 3,500-square-foot fitness center at a two-building, 230,000-square-foot office complex in Florham Park.

Industrial
Growing online grocery sales will boost N.J. cold storage market, report says

As one of the nation’s top 10 markets for cold storage space, New Jersey is poised to benefit from what experts say will be the continued growth of online grocery sales.

People
Hollister promotes 11 in executive, project delivery ranks

By Joshua Burd Hollister Construction Services has announced nearly a dozen promotions within its executive and project delivery teams. The Parsippany-based firm said that both Brendan Murray and Matt Higgins have been promoted to the role of executive vice president.…

Office
Sobel renewal in Livingston among 2017 highlights for Eastman

Accounting firm Sobel & Co. has expanded and renewed the lease at its Livingston headquarters, in one of a series of office and retail deals announced recently by Eastman Cos.

Professional Services
LMC hires new controller

Levin Management Corp. has added to its accounting team to help support the continued growth of its retail real estate services platform in the region.