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

Developer completes adaptive reuse of historic Helmetta snuff mill

A development firm has unveiled a long-awaited project in the tiny borough of Helmetta, where it has transformed a historic snuff mill building into luxury loft apartments and townhomes.

Retail

Goldstein Group: Tire dealer expanding in Monmouth County

Mavis Discount Tire has inked a long-term lease along Route 9 in Monmouth County, The Goldstein Group announced Monday after representing the landlord in the deal.

Office

Tenants wanted for Passaic County incubator space, broker says

The broker for a 29,000-square-foot office building in Pompton Lakes is marketing its potential as an ideal incubator space in the borough’s downtown redevelopment zone.

Finance & Capital Markets

Wilcox closes $56M loan for industrial portfolio

G.S. Wilcox & Co. has arranged a $56 million for a client to refinance a six-building industrial portfolio in Bergen and Middlesex counties, the firm announced Monday.

Editor’s Note

Life after COAH

Covering real estate had never crossed my mind when I came out of school and started as a metro reporter in Middlesex County. But it wasn’t long before I found myself at council meetings and planning board hearings, listening to developers make their pitch to a town.

Office

Advance: Bridgewater life sciences campus now 80 percent leased

The commercial space at a sprawling redevelopment site in Bridgewater is now 80 percent leased, following two new deals and growth by existing tenants in the life sciences sector.

Residential & Mixed Use

JV reportedly pays $181M for N.J. affordable housing portfolio

A joint venture is acquiring a 1,009-unit affordable housing portfolio, spanning seven towns in New Jersey, with the help of a $144 million Fannie Mae loan arranged by an out-of-state firm.

JC Penney IDs stores slated for closure (see the full list)

Image courtesy: JC Penney By Joshua Burd One JC Penney store in southern New Jersey will be among nearly 140 that are slated to close nationwide as the retailer looks to combat drops in sales and maintain profitability. A list…

Residential & Mixed Use

Developers cut the ribbon on new Journal Square tower

After opening for leasing earlier this month, the developers of Journal Squared have officially unveiled the first residential tower in their transformative mixed-use project in Jersey City.

Residential & Mixed Use

Another leasing milestone for Bloomfield rental building

One of Essex County’s newest luxury apartment projects has reached another leasing milestone, passing the 80 percent mark about six months after opening its doors.