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.

Professional Services
New sales associate joins NAI Hanson

NAI James E. Hanson has expanded its brokerage team in Parsippany with the hiring of a new sales associate.

Office
Zimmel touts 45,300 sq. ft. in leases at Raritan Center

A global insurance firm has leased 35,000 square feet at an Edison office building, in one of four recent transactions announced by brokerage firm Zimmel Associates.

Government & Public Policy
Connell Foley real estate attorney serving on Murphy transition team

A top real estate attorney at Connell Foley is among those advising the transition team of Gov.-elect Phil Murphy, who will be sworn in next month.

Office
P3 Properties acquires Morris Corporate Center III in Parsippany

A real estate investment firm has added to its growing office portfolio in the state, acquiring a piece of the well-known Morris Corporate Center campus in Parsippany.

Finance & Capital Markets
Direct private lender’s principals tout $3 billion milestone

Kennedy Funding Financial has surpassed the $3 billion mark in loans closed over more than 30 years in business, touting a history of taking on difficult properties and challenging applications.

Professional Services
Avison Young adds to brokerage team in Morristown

Real estate services firm Avison Young has hired a new associate in its Morristown office.

Editor’s Note
Editor’s note: After a busy year, a look at what’s to come

Ask anybody in the real estate business and they’ll most likely agree: Being busy is a good thing. We couldn’t agree more as a publication that covers this industry and thrives on all of the deal making, construction activity and other bits of news that help us bring you a monthly magazine and a daily newsletter. The market has been so busy that I’m not quite sure where the time has gone, yet here we are as we prepare to close out the first year of Real Estate NJ.

Events
CREW NJ inducts new president, board of directors (SLIDESHOW)

A new slate of leaders have taken the reins at Commercial Real Estate Women of New Jersey, the state’s top association for connecting and advancing professional women across the industry.

Residential & Mixed Use
KRE partners with home hospitality app at Journal Squared, other Jersey City buildings

KRE Group has partnered with a mobile platform to provide home hospitality services at more than 2,000 apartments in Jersey City, starting with its high-profile Journal Squared project.

Deals
Gebroe-Hammer touts $7.6 million apartment sale in Warren County

Ravenscroft Apartments at 26 Fairview Ave. in Phillipsburg — Courtesy: Gebroe-Hammer Associates By Joshua Burd A private investor has acquired a 76-unit apartment complex in Warren County, in a $7.6 million transaction arranged by Gebroe-Hammer Associates. The multifamily brokerage said…