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.

Finance & Capital Markets
Direct private lender’s principals tout $3 billion milestone

Kennedy Funding Financial has surpassed the $3 billion mark in loans closed over more than 30 years in business, touting a history of taking on difficult properties and challenging applications.

Professional Services
Avison Young adds to brokerage team in Morristown

Real estate services firm Avison Young has hired a new associate in its Morristown office.

Editor’s Note
Editor’s note: After a busy year, a look at what’s to come

Ask anybody in the real estate business and they’ll most likely agree: Being busy is a good thing. We couldn’t agree more as a publication that covers this industry and thrives on all of the deal making, construction activity and other bits of news that help us bring you a monthly magazine and a daily newsletter. The market has been so busy that I’m not quite sure where the time has gone, yet here we are as we prepare to close out the first year of Real Estate NJ.

Events
CREW NJ inducts new president, board of directors (SLIDESHOW)

A new slate of leaders have taken the reins at Commercial Real Estate Women of New Jersey, the state’s top association for connecting and advancing professional women across the industry.

Residential & Mixed Use
KRE partners with home hospitality app at Journal Squared, other Jersey City buildings

KRE Group has partnered with a mobile platform to provide home hospitality services at more than 2,000 apartments in Jersey City, starting with its high-profile Journal Squared project.

Deals
Gebroe-Hammer touts $7.6 million apartment sale in Warren County

Ravenscroft Apartments at 26 Fairview Ave. in Phillipsburg — Courtesy: Gebroe-Hammer Associates By Joshua Burd A private investor has acquired a 76-unit apartment complex in Warren County, in a $7.6 million transaction arranged by Gebroe-Hammer Associates. The multifamily brokerage said…

Retail
Jiu-jitsu academy inks 2,600 sq. ft. lease in Hackensack, NAI Hanson says

A martial arts academy is relocating and expanding within Hackensack, following a 2,600-square-foot lease brokered by NAI James E. Hanson.

Industrial
New Jersey port district poised for continued dominance, Transwestern says

Two decades’ worth of infrastructure upgrades are paying dividends for New Jersey’s booming port region, supporting a surge in cargo volume that is poised to sustain the growth in the state’s industrial market.

Office
Berger: Upgrades coming to 19-story office tower

Berger Organization has unveiled plans to renovate a well-known, 450,000-square-foot office tower in downtown Newark after acquiring the building earlier this year.

Residential & Mixed Use
CBRE touts $19.3 million in Essex County multifamily sales

More than 230 apartment have changed hands in Essex County as part of nine multifamily investment sales brokered this year by CBRE.