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.

Health Care & Education

Princeton medical office condo changes hands, WCRE says

Wolf Commercial Real Estate has brokered the sale of a 3,600-square-foot medical office condominium in Princeton, the firm said Friday.

Sponsored Content

JLL: E-commerce impacts New Jersey labor costs

With e-commerce fulfillment increasingly becoming one of the strongest drivers of industrial real estate, the need for warehouse labor has also increased dramatically. This trend, combined with a decreasing unemployment rate, has forced up labor costs for many e-commerce operations.

RXR, Mack-Cali close on $368M office portfolio sale, HFF says

RXR Realty has completed the $368 million sale of six office buildings in Short Hills and Madison to Mack-Cali Realty Corp., according to HFF, in a high-profile trade involving one of the state’s most high-end suburban submarkets.

EDA approves $245M tax credit for new Camden office tower

State officials have awarded nearly $245 million in tax credits to spur a trio of prominent South Jersey companies to move to Camden as part of the city’s sweeping waterfront redevelopment.

Residential & Mixed Use

Montclair OKs joint venture’s new rental project

Developers have received approvals to develop 46 upscale rental homes as part of a new boutique multifamily project in downtown Montclair, the joint venture said Thursday.

Finance & Capital Markets

Valley touts $650M in recent CRE loan volume

Commercial real estate lending continues to be a major driver for Valley National Bank, with the company having recorded some $650 million in new loans in the fourth quarter of last year.

LMC inks 1,900 sq. ft. deal for Jersey Shore burrito chain

A made-to-order burrito chain is continuing its expansion at the Jersey Shore with the opening of a new location in Howell, according to Levin Management Corp.

JLL: Essex County flex building sells for $4.15M

A one-story, 35,945-square-foot industrial and flex building in Fairfield has changed hands for $4.15 million, according to brokers with JLL.

Marcus & Millichap: Bergen County industrial building sells for $1.6M

A private investor has paid more than $1.6 million to acquire a 23,154-square-foot industrial property in Garfield, Marcus & Millichap said Thursday.

Accordia acquires two industrial buildings, plans another

More than a decade after its founding, a Fairfield-based real estate firm has entered the industrial market with two recent acquisitions and its plans for a new speculative warehouse project.