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
Buyer sought for 240-unit Hoboken complex, HFF says

An apartment complex in northwest Hoboken has hit the market for sale, with brokers touting its value-add potential in a neighborhood that is attracting new construction and rent growth.

Industrial
Ridgefield building sells for $9 million, Marcus & Millichap says

A private investor has acquired a nearly 82,000-square-foot industrial complex in Ridgefield, in a $9 million sale brokered by Marcus & Millichap.

Professional Services
Military veteran is newest hire for Vantage RES

A former U.S. marine has joined Vantage Real Estate Services as its director of strategic partnerships, the Marlton-based firm announced Friday.

Office
WCRE brokers sale of Moorestown building

A tutoring business has acquired a 6,500-square-foot commercial building in downtown Moorestown, in a sale arranged by Wolf Commercial Real Estate.

People
Contractor, developer names new senior project manager

Donnelly Construction has promoted a longtime employee to senior project manager, the Wayne-based general contractor and developer announced Friday.

Finance & Capital Markets
Building on their brands: Touhey has helped drive Investors’ growth in central, southern N.J.

Investors Bank’s expansion into central and southern New Jersey and neighboring states has been key to its growth during that time, with Tim Touhey’s team having originated more than $3.4 billion in loans.

Industrial
Upgrades coming to Somerset flex park after $9.2 million refi

Denholtz Associates has secured a $9.2 million loan to refinance and upgrade an 11-building, 264,000-square-foot flex industrial portfolio in Somerset County, the firm said Thursday.

Office
Kearny Point welcomes U.S. headquarters for amplifier company

An Italy-based maker of amplifiers has opened its U.S. headquarters at Kearny Point, the 130-acre complex that is being redeveloped as a mixed-use business and technology campus.

Office
Avison Young named leasing agent for downtown Summit buildings

The new owner of two high-end office buildings in downtown Summit has hired Avison Young to market and manage the properties.

Residential & Mixed Use
New realty group launches in Montclair

A new real estate agency has opened a 1,500-square-foot office in Montclair, with an eye toward serving the residential market in northern New Jersey.