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
NKF: Tenant expands at New Providence office building

A consulting firm has leased more than 10,000 square feet at a New Providence office building, in a transaction announced Thursday by Newmark Knight Frank.

Office
Investors acquire Parsippany buildings from Mack-Cali, JLL says

Two former Mack-Cali Realty Corp. buildings in Parsippany are under new ownership, following a set of investment sales announced this week by JLL.

Event Coverage
‘Fierce competition’ in focus at Rutgers CRE finance summit

For a market that is seeing an extended growth period, it isn’t all that complicated to sum up what exactly is driving the major trends in commercial real estate lending: Fierce competition. At least, that’s according to panelists at a recent conference hosted by the Rutgers Center for Real Estate, where lenders and other experts gathered to discuss the state of commercial real estate finance in New Jersey and beyond.

Photos
SLIDESHOW: Rutgers hosts second annual real estate capital allocation conference

Industry experts, thought leaders and students were among those who turned out recently for the Rutgers Center for Real Estate’s second annual Capital Allocation Conference, which took place April 12 at the Hyatt Regency Jersey City.

Residential & Mixed Use
NJIT touts plans for new apartments, next phase of Gateway project in Newark

The New Jersey Institute of Technology has unveiled its latest expansion plans in Newark, joining developer PRC Group and city officials on Wednesday to detail a proposed 99-unit apartment building on its campus.

Office
JLL picked to market, lease 270,000 sq. ft. office campus in Englewood Cliffs (SLIDESHOW)

The owner of a four-building, 270,000-square-foot office complex on a well-known stretch of Englewood Cliffs has hired JLL as its leasing agent.

Residential & Mixed Use
Hoboken building trades for first time in 50 years, Redwood says

The owner of a two-building, 10-unit apartment property in Hoboken has sold the asset after more than 50 years, brokers with Redwood Realty Advisors said Wednesday.

Industrial
Laundry products firm leases 40,000 sq. ft. in Ramsey, relocating from N.Y.

A maker of laundry products is the newest tenant at a 130,000-square-foot industrial building in Ramsey, following a lease arranged by NAI James E. Hanson.

Finance & Capital Markets
Progress sources $4.65 million bridge loan for mixed-use project

Progress Capital Advisors has arranged $4.65 million in financing for a client’s 814,000-square-foot, mixed-use development about 35 miles outside New Jersey.

Office
Sanzari taps JLL to manage Teaneck campus, a first for the developer

Alfred Sanzari Enterprises has teamed with JLL to lease and manage its flagship Glenpointe complex in Teaneck — the first such partnership for the developer in its 73-year history.