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.

Retail
Triple Five secures $1.67 billion construction loan for American Dream project

The developer of the American Dream project in the Meadowlands has closed on $1.67 billion in private financing, allowing it to “aggressively move forward” with construction after months of delays at the notoriously stalled retail and entertainment complex.

Event Coverage
United Way unveils annual Impact Award, as keynote speaker honors the ‘scrapper’

A human resources executive with UPS on Friday urged many of the state’s top developers and industry professionals to consider the “scrapper” when making hiring decisions, citing their self-reliance, perseverance and ability to solve problems.

Residential & Mixed Use
Gebroe-Hammer: East Orange luxury high-rise fetches $11.25 million

A veteran East Orange investor has acquired a 44-unit luxury apartment building in the city, in an $11.25 million deal brokered by Gebroe-Hammer Associates.

Professional Services
Site selection, incentives advisory firm opens West Coast office

Biggins Lacy Shapiro & Co. LLC, the Princeton-based location advisory firm, is expanding westward with the opening of a new office in the San Francisco Bay Area.

Office
Route 3 office building trades for $2.5 million, Marcus & Millichap says

A private investor has paid nearly $2.5 million for a 21,600-square foot office building along Route 3 in Clifton, according to brokers with Marcus & Millichap.

Office
Upgrades complete at 415K sq. ft. Little Falls office building

The owner of a well-known office building in northern New Jersey has completed its multimillion-dollar renovation of the property, Colliers International Group Inc. said Thursday.

Retail
Developers tout plans for new Morris County wholesale club, retail center

A joint venture will develop a new shopping center anchored by a wholesale club at a busy intersection in Hanover, the firms announced Thursday.

Industrial
Developer adds to Fairfield industrial portfolio

Saddleback Real Estate Developers has added to its fast-growing industrial portfolio with the acquisition of a 23,200-square-foot building in Fairfield.

Industrial
NAI Hanson brokers lease for cabinet maker in Carlstadt

A cabinet maker will occupy 13,000 square feet at a Bergen County industrial building, following a transaction negotiated by NAI James E. Hanson.

Industrial
Adult day care operator finds space in Bergen County

The operator of an adult day care center has leased a 12,000-square-foot building in Carlstadt, according to brokers with Team Resources.