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.

Government & Public Policy
Coming together: Real estate, environmental leaders see continued partnership as New Jersey’s landmark community solar program expands

State regulators have renewed their support for a landmark program that has created not only new revenue streams for warehouse owners and solar developers, but a source of common ground for the business and environmental communities.

Health Care
BGO, Anchor Health buy 41,000 sq. ft. Montclair medical office building for $17.9 million

A joint venture has acquired a nearly 41,000-square-foot medical office building and an adjacent parking garage in downtown Montclair for $17.9 million, in a deal arranged by CBRE.

Industrial
Seasoned broker Wernick joins Branch Industrial as senior director

Boutique real estate advisory firm Branch Industrial has expanded its team with the addition of Jeremy Wernick as a senior director.

Finance & Capital Markets
JLL inks $50 million financing deal for Burlington County rental property

The owner of a 275-unit multifamily property in the Burlington County township of Westampton has snagged $50 million in financing, in a newly announced deal by JLL.

Deals
Basking Ridge office leases among latest Chilmark deals in northern, central New Jersey

The owner of a nearly 116,000-square-foot office campus in Somerset County has inked four leases as part of a string of recent transactions by Chilmark Real Estate Services.

Retail
Stretching, athletic recovery facility takes 1,400 sq. ft. in Bridgewater, BRC says

A health and wellness concept is expanding with a newly signed lease at a Bridgewater shopping center, brokers with Bussel Realty Corp. announced Wednesday.

Residential & Mixed Use
The Silverman way: Developer’s latest project in Jersey City follows decades of engagement with residents, commercial tenants to help build Hamilton Park ‘ecosystem’

A new apartment building with commercial and coworking space is SILVERMAN’s latest addition to Jersey City’s Hamilton Park district, where it has spent four decades as a developer and investor with a highly visible, hands-on style and high level of engagement that has created an ecosystem where many residents live and work.

Office
JLL: Princeton-area office building nearly full after 20,000 sq. ft. deal with Essential Properties

Essential Properties Realty Trust is on the move in the Princeton submarket after taking nearly 20,000 square feet of office space in West Windsor, brokers with JLL announced.

Government & Public Policy
Newark Land Bank breaks ground on first residential project under pioneering program

A developer has broken ground on a new home in Newark as part of the city’s pioneering land bank program that leverages blighted properties to help expand housing opportunities.

Residential & Mixed Use
Buyer wanted for Madison apartment complex, Berkadia says

The longtime owner of a 34-unit apartment complex in Madison is looking to sell the property, where brokers are touting an opportunity to add value through ongoing renovations.