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
Leasing underway at 334-unit Prism project in West Orange

Prism Capital Partners has launched leasing at its new 334-unit apartment community in West Orange, the centerpiece of what it says is the state’s largest non-waterfront adaptive-reuse project.

Events
NAIOP reveals deal of the year finalists for 2018 gala

NAIOP New Jersey has unveiled the finalists for its coveted Deal of the Year awards, a group that includes eight of the state’s most high-profile transactions of 2017.

Professional Services
McCarter names new co-chairs in real estate group

McCarter & English LLP has announced new co-chairs of its real estate practice group, including a longtime partner in its headquarters office in Newark.

Industrial
Woodmont industrial group expands outside Northeast with Ga. property

Woodmont Industrial Partners has expanded its footprint outside New Jersey, acquiring a 519,000-square-foot distribution center just south of Atlanta.

Office
Sheldon Gross touts renewals at West Orange office building

Five tenants have renewed their leases at a 102,000-square-foot office building in West Orange, under a series of deals announced Friday by Sheldon Gross Realty.

People
Advance hires new senior associate of asset management

The New Jersey Center of Excellence in Bridgewater — Courtesy: Advance Realty By Joshua Burd Advance Realty has continued its recent flurry of hiring with an addition to its asset management team. The Bridgewater-based developer said Thursday that it had…

Retail
Newmark: Downtown Summit building repositioned with retail, office tenants

A onetime department store complex in downtown Summit has found new life as a mixed-use commercial space, having reached full occupancy with a group of retail and office tenants.

Industrial
CPN brokers $3.25 million sale of Ewing facility

A pharmaceutical packaging firm has acquired a 41,000-square-foot facility in Mercer County, in a $3.25 million transaction arranged by Commercial Property Network Inc.

Finance & Capital Markets
CBRE honored for role in Bridge portfolio sale

A national publication has recognized CBRE for its role in last year’s blockbuster sale of a three-state, 3.4 million-square-foot industrial portfolio by Bridge Development Partners.

Finance & Capital Markets
Plainsboro apartment deal cracks top 20 in national ranking of 2017 investment sales

The Kushner Cos.’ acquisition of a garden apartment complex near Princeton was not only the state’s largest single-asset deal of 2017, but among the top 20 nationwide in a newly released list of multifamily investment sales.