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
KRE Group unveils new 397-unit apartment project in Jersey City (SLIDESHOW)

Kushner Real Estate Group has launched leasing at its latest project in Jersey City, a set of nearly 400 new apartments in the city’s popular Hamilton Park neighborhood.

Residential & Mixed Use
Gebroe-Hammer: Seller reaps $328 million from Hudson County apartment deals

An investor has sold more than 2,100 apartments in Hudson County for nearly $328 million, in a series of transactions brokered by Gebroe-Hammer Associates.

Residential & Mixed Use
Woodmont opens new South Amboy residential community

Woodmont Properties has opened the doors to its newest luxury residential community, a mix of more than 120 townhomes and apartments near the South Amboy train station and waterfront.

Office
Saxum adds to portfolio in downtown Red Bank

Investment and development firm Saxum Real Estate has acquired another building in downtown Red Bank, with plans to reposition and rebrand the property as additional boutique office space.

Finance & Capital Markets
SJP, PGIM refinance Bridgewater building for $32.5 million, JLL says

Brokers with JLL have secured a $32.5 million loan for SJP Properties and PGIM Real Estate to refinance a 325,000-square-foot office building in Bridgewater, the real estate services firm said.

Industrial
CBRE: Lease terms continue to grow in booming N.J. industrial market

Developers and owners have reaped the benefits of rent growth in New Jersey’s surging industrial market, but they’ve also scored big with increasingly longer lease terms.

Residential & Mixed Use
Dranoff, NJPAC launch leasing at 22-story Newark apartment tower (SLIDESHOW)

The developers of a long-awaited, luxury apartment tower near the New Jersey Performing Arts Center in Newark have taken the wraps off the 245-unit building.

Office
Mack-Cali inks 130,000 sq. ft. lease in Woodbridge with insurance provider

A growing insurance company has leased more than half of a Mack-Cali Realty Corp. building in Woodbridge, bringing the 200,000-square-foot property to full occupancy.

Retail
Jersey Shore retail center sells for $41.5 million, HFF says

A grocery-anchored retail center in Monmouth County has changed hands for more than $40 million, following a sale arranged by brokers with HFF.

Industrial
LEG closes on Bayonne site for 1.6 million sq. ft. industrial park

Lincoln Equities Group has completed its purchase of a 153-acre waterfront site in Bayonne, where it’s planning some 1.6 million square feet of new warehouse and distribution space.