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.

Developer breaks ground on Woodbridge distribution center

An investment manager has kicked off construction at more than 240,000 square feet of new industrial space in the Avenel section of Woodbridge, the firm said Tuesday.

Tulfra sells West Caldwell industrial building for $7.8 million

Tulfra Real Estate has reaped nearly $8 million from the sale of a fully leased, 62,200-square-foot industrial building in West Caldwell, capitalizing on what it says is a growing demand for space in the Fairfield-area submarket.

Mixed-use portfolio in Newark secures $3.7 million bridge loan, Procida says

Procida Funding has closed a $3.66 million bridge loan secured by a four-building, mixed-use portfolio across the street from Rutgers University in downtown Newark, the firm announced.

Signs of life at Kushner Cos. project in Journal Square, report says

Local officials in Jersey City are set to consider a revamped version of the high-rise project at the center of a controversy earlier this year involving the family of Jared Kushner, a published report said.

HFF: Well-known Jersey Shore retail center refinances for $43.6 million

The owner of a high-end, 148,000-square-foot retail center in Monmouth County has refinanced for $43.6 million, in a transaction arranged by brokers with HFF.

Long-term issues need long-term solutions

When the drafters of the federal and New Jersey constitutions established the length of terms for elected leaders from two to six years, they probably thought those were the right lengths to enable those leaders to focus on both short- and long-term issues. Unfortunately, most of the focus has been on the short term with little planning for the longer-term issues. Long-term has come to mean getting past the next election.

Longtime facility, MEP engineer joins Hunterdon Co. firm

An engineering firm in Hunterdon County has hired an industry veteran with more than 25 years of experience in facility and MEP design and consulting.

Starbucks fills ex-bank building in Ridgewood, Goldstein Group says

A new Starbucks is set to occupy a former bank building in Bergen County, following a transaction arranged by brokers with The Goldstein Group.

Home state advantage: Morris, Jingoli discuss plans in Atlantic City, partnership with Hard Rock

Jack Morris and Joe Jingoli, whose families have partnered with Hard Rock International to acquire the former Trump Taj Mahal, bring decades of experience in New Jersey real estate and a level of hands-on, local expertise that an outside investor simply wouldn’t have.

Combined with the resources and the pedigree of a global brand like Hard Rock, Morris and Jingoli feel strongly that their plans for Atlantic City will be the catalyst that is often promised but not as frequently delivered. And they say it’s about more than simply reopening a casino.