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
Work underway at 63-unit rental project in Jersey City, Fields says

Fields Construction Co. has started work at the site of what will be a five-story, 63-unit apartment building on the western edge of Jersey City.

Finance & Capital Markets
Wilcox touts $19 million in financing for Morristown office building acquisition

G.S. Wilcox & Co. has arranged a $19 million loan for a developer’s recent acquisition of a well-known office building in downtown Morristown, the mortgage banking firm said Thursday.

Retail
Weiss Realty brokers sale of Newark retail building

A nearly 12,000-square-foot retail property in Newark is under new ownership following a sale arranged by Weiss Realty.

Office
Transwestern scores again with BOMA award at Parsippany office building

A management team led by Transwestern has earned the highest honor from the New Jersey chapter of the Building Owners and Managers Association, thanks to its work at a well-known Parsippany office building.

Residential & Mixed Use
Newark stadium redevelopment, other projects on display at NRBP forum

A developer hopes to break ground by some time next year on a project that would bring thousands of apartments to the site of the former Newark Bears baseball stadium, in one of several plans that are now taking shape around the city’s Washington Park neighborhood.

Residential & Mixed Use
See new renderings of the New Brunswick Performing Arts Center (SLIDESHOW)

New Brunswick Development Corp. has unveiled new renderings of the residential high-rise and theater space that will anchor the highly anticipated New Brunswick Performing Arts Center.

Office
Design firm recommits to Sanzari building in Hasbrouck Heights

An architecture firm has renewed its nearly 10,000-square-foot lease at a Hasbrouck Heights office building, landlord Alfred Sanzari Enterprises announced Wednesday.

Residential & Mixed Use
Leasing heats up at new Journal Square rental building

Ahead of a grand opening later this month, the developers of a new 240-unit apartment building in Jersey City have welcomed their first tenants and taken steps to ramp up their leasing effort.

Professional Services
USGBC NJ names new executive director

The U.S. Green Building Council’s New Jersey Chapter has hired a veteran nonprofit and government leader to serve as its new executive director.

Retail
NAIOP panel highlights the rise of experiential retail, opportunities for new investment

For all the talk about the decline of brick-and-mortar retail, a panel of experts said Tuesday that the asset class is anything but an endangered species in commercial real estate. It is simply one that is changing.