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
Ripco tapped to market retail space at historic West Orange redevelopment

Brokers with Ripco Real Estate are leading the effort to attract retail tenants to a long-awaited mixed-use development currently under construction in West Orange.

Finance & Capital Markets
Meridian: Senior housing complex trades with the help of $15.3 million loan

Meridian Capital Group has arranged $15.3 million in financing for a client to acquire a 159-unit senior housing complex in Essex County, the firm said Wednesday.

Retail
Marcus & Millichap brokers $1 million mixed-use sale at Jersey Shore

A private partnership has sold an 8,500-square-foot mixed-use building in Long Branch for just over $1 million, according to brokers with Marcus & Millichap.

Government & Public Policy
Christie: Raised Bayonne Bridge will open to larger ships by June 30 (VIDEO)

Supersized cargo ships will be able to pass under a newly raised Bayonne Bridge in order to reach Port Newark-Elizabeth as soon as June 30, marking a milestone in a $1.6 billion infrastructure project seen as critical to the state’s industrial real estate market.

Industrial
NAI Hanson brokers 23K sq. ft. Fairfield industrial sale

A building that’s home to a food processing equipment manufacturer in Fairfield is under new ownership, following an industrial sale brokered by NAI James E. Hanson.

Professional Services
Mertz earns top NAI Global distinction for third straight year

NAI Mertz President Scott Mertz has been recognized as a top producer within the NAI Global network of commercial real estate professionals, the brokerage and real estate services firm said.

Retail
Hudson County retail building trades for nearly $1.9 million

A private investor has acquired a 3,500-square foot net-leased retail property in West New York as part of a deal brokered by Marcus & Millichap’s northern New Jersey office.

Retail
The next step for Bell Works: With office space nearly full, retail takes center stage at landmark project

With at least 6,000 daily office workers set to occupy the building by next year, the effort to bring a distinctive mix of retailers, services and dining options to Bell Works is now well underway. That mix includes everything from a florist and a beauty salon to a 24-hour health club and an urgent care center, offerings that will serve both office tenants at the building and residents from the surrounding communities.

Office
HFF brokers sale of Route 22 office building

Investors have acquired a 95,620-square-foot office building in Somerset County that is fully leased to a national bank and a regional health care provider, according to HFF.

Industrial
CBRE marketing industrial properties in Bergen, Middlesex counties

Brokers with CBRE Group Inc. have been hired to market four separate industrial properties totaling more than 500,000 square feet in northern and central New Jersey.