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.

Hospitality & Tourism
Silver Arch closes $30.4 million loan for hotel project

A private lender based in Hackensack has arranged more than $30 million in financing for a client to acquire and reposition a hotel on Manhattan’s West Side, the firm announced.

Office
C&W: Former Chubb HQ in Warren is ‘an unparalleled opportunity’ for office users

Cushman & Wakefield has been tapped to market the 535,000-square-foot former Chubb Insurance headquarters in Warren, now one of the largest blocks of available space in New Jersey.

Office
Brokers descend on The Green at Florham Park for open house (PHOTOS)

Many of the state’s top office brokers turned out last week for an up-close look at a sleek new flexible stay community in Florham Park and the site of a new corporate office building that could soon rise alongside it.

The Rundown
Report: Long-awaited residential tower coming to Bergen County

A new 13-story apartment and commercial building in Cliffside Park is slated to open its doors this summer after more than a decade of delays, according to a published report.

Industrial
WCRE: Fitness, ninja training coming to Mount Laurel flex building

The operator of an indoor fitness and recreation park will occupy half of a 26,000-square-foot flex building in Mount Laurel, following a lease brokered by Wolf Commercial Real Estate.

Health Care & Education
Devco, Rutgers unveil bronze Scarlet Knight statue in New Brunswick (VIDEO)

The popular mixed-use development in New Brunswick known as The Yard @ College Avenue just got a bit more popular thanks to its newest addition — an eight-foot-tall bronze statue of a Rutgers University Scarlet Knight.

Residential & Mixed Use
Ironstate, Mack-Cali launch leasing at new 69-story rental tower on Jersey City waterfront (PHOTOS)

Developers are off to a fast start at what is currently the tallest residential building in New Jersey, the distinctive waterfront tower known as Jersey City Urby.

Hospitality & Tourism
Report: Deal to convert former Atlantic Club casino to water park falls through

A development group’s plans to redevelop the shuttered Atlantic Club casino as a water park have reportedly fallen through after a large investor pulled its funding from the project.

Industrial
NAI Hanson: Contractor moving to Morris County after flex acquisition

An HVAC contractor has acquired and will relocate to a 27,248-square-foot industrial flex building in Randolph, under a deal arranged by brokers with NAI James E. Hanson.

Retail
Marcus & Millichap brokers sale of net-leased dollar store in Orange

A developer has sold an 8,020-square-foot Family Dollar property in Essex County for just over $2 million, according to Marcus & Millichap.