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
Hartz, Panepinto set to unveil new Journal Square project

A new 240-unit luxury rental building in the Journal Square section of Jersey City, built by two longtime Hudson County developers, is set to kick off leasing later this month.

Professional Services
With ‘unprecedented’ activity, Bussel expands brokerage team

New Jersey’s booming industrial market has pushed Bussel Realty Corp. to add to its brokerage team with two new hires, the Edison-based real estate services firm said Wednesday.

Industrial
Industrial owner makes two acquisitions in Essex County

A development firm led by two industry veterans has acquired two new warehouse properties just off Route 46 in Fairfield, the company announced Wednesday.

Finance & Capital Markets
Newark high-rise gets $43M refinance

A mortgage banking and investment firm has brokered a nearly $43 million refinancing loan for a well-known high-rise apartment building in Newark, the company announced.

Industrial
Wakefern mulls new 930K sq. ft. warehouse in Central Jersey

Wakefern Food Corp. could be in line to expand its vast footprint in New Jersey, having told state officials that it was considering a massive new warehouse facility in Perth Amboy.

Retail
Report: RadioShack to close 20 N.J. stores

RadioShack will shutter 20 stores in New Jersey amid more than 550 closures across its portfolio, according to published reports.

People
Windels Marx real estate attorney named partner in N.J.

By Joshua Burd Windels Marx LLP has promoted one of its commercial real estate attorneys to partner in its New Brunswick office, the law firm announced Tuesday. The attorney, Patrick Deyhle, has been with the firm since shortly after graduating…

Office
Colliers: New amenities coming to Somerset County office campus

The owner of a Bedminster office complex has hired Colliers International to oversee leasing at the property, as it kicks off a round of improvements focused on new tenant amenities.

Retail
Morris County retail center fetches $3 million

271 Route 46 West in Mine Hill — Marcus & Millichap By Joshua Burd A private investor has sold a 16,000-square-foot retail property along Route 46 in Morris County, according to brokers with Marcus & Millichap’s New Jersey office. Brian…

Current Issue
The federal housing policy mess: Dispelling myths about mortgage subsidies

By Morris A. Davis Since the 1930s, the federal government has actively promoted homeownership as a policy goal. Despite good intentions, our public policy in place after 80-plus years of rules and regulations is not well thought out and poorly…