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.

Office
Rudin leaves Mack-Cali after stints as CEO, vice chairman

Mitchell Rudin has stepped down as vice chairman of Mack-Cali Realty Corp., a position he held for just over a year after about two years as the company’s CEO.

Industrial
C&W named leasing agent for 3.3 million sq. ft. logistics campus in Logan Township

A joint venture has picked Cushman & Wakefield as its leasing agent for more than 3 million square feet of planned warehouse and distribution space in Gloucester County.

Industrial
Team Resources touts expansions, 284,000 sq. ft. lease in Ledgewood

A global transportation and logistics company has expanded to more than 280,000 square feet in Morris County, in a set of transactions announced by Team Resources Inc.

Photos
SLIDESHOW: March of Dimes’ annual New Jersey real estate reception

Hundreds turned out recently to honor Sam Morreale, founder and managing partner of Vision Real Estate Partners, as part of the annual real estate award reception hosted by the March of Dimes North Central New Jersey.

Retail
WCRE: Fitness concept leases 2,000 sq. ft. in Voorhees, its first East Coast location

A fitness studio based in Arizona has picked southern New Jersey for its first East Coast location, under a deal arranged by Wolf Commercial Real Estate.

Hospitality & Tourism
Hard Rock unveils design of new Atlantic City hotel and casino (RENDERINGS)

With two weeks until its grand opening, the Hard Rock Hotel & Casino Atlantic City has unveiled the design for the new state-of-the-art resort on the city’s iconic Boardwalk.

Office
C&W: Onyx, Garrison sell Bergen County office building

An investor has acquired a 108,000-square-foot office building in Rochelle Park, marking the second sale of the property in less than a year.

Finance & Capital Markets
HFF brokers $28.5 million refinance for I-80 industrial complex

The owner of a three-building, 443,030-square-foot warehouse complex in Mount Olive has refinanced the property for $28.5 million, brokers with HFF said Thursday.

Residential & Mixed Use
Long Branch, Asbury Park sales total $12.6 million, Kislak says

Four properties with a combined 100 apartments have changed hands in Long Branch and Asbury Park, following a set of transactions brokered by The Kislak Co. Inc.

Finance & Capital Markets
Owner of 135-unit Hackensack rental complex refis for $19 million, Meridian says

Meridian Capital Group has arranged a $19 million loan for a multifamily owner to refinance a 135-unit property in Hackensack.