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
Onyx, Garrison acquire 850,000 sq. ft. office portfolio from Mack-Cali

A joint venture has added to its office portfolio in Bergen County, acquiring four buildings spanning nearly 850,000 square feet from Mack-Cali Realty Corp.

Residential & Mixed Use
Developer breaks ground on 91 apartments in Seaside Heights

The Walters Group has started construction on its latest apartment community in Ocean County, a 91-unit project that is set to redevelop a long-neglected block in Seaside Heights.

Retail
Medical anchor opens at $70 million Marlton redevelopment

Virtua Medical Group has opened its doors at a new location in Burlington County, where it is serving as the anchor in a mixed-use, $70 million redevelopment of a former shopping center.

Residential & Mixed Use
Kislak: Elizabeth rental building fetches $7.5 million

A fully occupied, 77-unit apartment building in Elizabeth has changed hands for more than $7.5 million, in a sale brokered by The Kislak Co. Inc.

Retail
Farmers market inks lease in Bergen County, Goldstein Group says

A farmer’s market has leased nearly 12,000 square feet at a shopping center in East Rutherford, according to brokers with The Goldstein Group who arranged the transaction.

Top News
Real estate leaders remember Jerry Gottesman, a ‘visionary’ and industry icon

Edison Properties Co-Founder and Chairman Jerry Gottesman, an iconic figure in New Jersey commercial real estate whose career spanned more than six decades, has died at age 87.

Residential & Mixed Use
Leasing underway at new 448-unit Jersey City tower

A developer has opened the doors to a new 44-story apartment building in Jersey City, delivering nearly 450 luxury units to the city’s waterfront Liberty Harbor neighborhood.

Deals
Private school leases 45,000 sq. ft. in Marlton, WCRE says

More than half of a former elementary school in Evesham will become home to a private education operator, following a lease arranged by brokers with Wolf Commercial Real Estate.

Office
Colliers: Bedminster office campus inks 90,000 sq. ft. in leases

A two-building office complex in Bedminster has recorded some 90,000 square feet of leasing activity over the past six months, according to the brokerage team for the property.

Finance & Capital Markets
Jersey City project among recent CRE loans for Investors

Lenders with Investors Bank have closed $15.6 million in financing for a planned mixed-use building in Jersey City, one of three major loans closed by the bank in recent weeks.