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
WCRE brokers 1,600 sq. ft. law firm lease in Moorestown

A law firm is set to occupy 1,600 square feet at a newly renovated office building in Moorestown, following a lease arranged by Wolf Commercial Real Estate.

Office
Two-building Morristown campus sells for $35 million, CBRE says

A joint venture has sold a two-building, 230,000-square-foot office campus in Morristown for $35 million, in a transaction arranged by brokers with CBRE.

Finance & Capital Markets
NKF details $97 million loan for Parsippany office sale

A private debt lender provided a $97 million loan for a joint venture’s recent acquisition of the Morris Corporate Center IV campus in Parsippany, Newmark Knight Frank said Thursday.

Office
JLL named leasing agent for Little Falls office complex

JLL has taken over leasing at a well-known, 415,000-square-foot office complex along Route 46.

Events
Student housing, Holtec projects among honorees at USGBC awards gala

The U.S. Green Building Council New Jersey chapter will celebrate six real estate and infrastructure projects at its upcoming awards gala, including a student housing development at Princeton University and a transformative manufacturing campus in Camden.

Professional Services
DMR grows construction admin team

DMR Architects has expanded its construction administration team with three new hires.

Residential & Mixed Use
Jersey City rental tower achieves LEED certification

A recently opened residential high-rise in downtown Jersey City has earned its LEED certification from the U.S. Green Building Council.

Residential & Mixed Use
Kushner closes on $100 million deal for Hackensack apartments

Kushner Cos. has acquired a two-building, 360-unit apartment property in Hackensack for a reported $100 million, marking its latest multifamily purchase in New Jersey in recent years.

Residential & Mixed Use
Paramount plans fall opening for 37-unit Newark rental project

A developer is on track to deliver 37 new luxury apartments in Newark this fall, as part of its adaptive reuse of a historic commercial property in the downtown.

Retail
Blow dry bar leases 1,600 sq. ft. in West Orange

A beauty chain is the newest tenant at a West Orange shopping center after signing a 1,600-square-foot lease at the property, Levin Management Corp. said Wednesday.