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.

Retail
Net leased Fla. eatery sells for $1.8M, Marcus & Millichap says

Brokers with Marcus & Millichap’s New Jersey office have arranged the sale of a 3,861-square foot Burger King in Central Florida, the firm announced Tuesday.

Office
How 300 Kimball set the tone in suburban office redevelopment (PHOTOS)

A decision by State Farm Insurance to vacate 300 Kimball Drive in Parsippany was not just an opportunity for Transwestern’s New Jersey team in 2012. It provided a roadmap for other landlords, investors and brokers to create new value within the state’s glut of suburban office stock.

Residential & Mixed Use
HFF: Hoboken apartment complex fetched nearly $80M

Only weeks after opening its new luxury rental community in northwest Hoboken, Advance Realty has expanded its footprint in the area with the acquisition of a neighboring complex.

Finance & Capital Markets
C&W: 8A industrial sale drew ‘deep investor pool’

The owner of a 324,540-square-foot warehouse in Monroe has sold the property, Cushman & Wakefield announced, in a rare industrial investment sale in the Exit 8A submarket.

The Rundown
Report: Developer unveils plan for 650-acre Central Jersey site

A developer has floated plans to redevelop a 653-acre former chemical research complex in West Windsor, with a proposal that outlines some 2,000 residential units and mixed commercial space.

People
New senior leasing agent joins LMC

Levin Management Corp. has added a 10-year retail leasing veteran to its team.

Residential & Mixed Use
First building takes shape at Ocean County rental project

A developer is nearing completion of the first building in its latest income-restricted apartment community at the Jersey Shore.

Retail
7-Eleven sells South Jersey store, Goldstein Group says

Convenience store chain 7-Eleven has sold a Camden County location to an investment group, in a deal brokered by The Goldstein Group.

Events
Greenbaum among CRE leaders to be honored at NAIOP gala

Arthur M. Greenbaum, a titan of New Jersey real estate law, will receive a lifetime achievement award and headline the list of honorees at NAIOP New Jersey’s annual gala this spring.

People
Multifamily brokerage announces promotions

Gebroe-Hammer Associates has promoted three of its top-producing brokers and one administrative professional to new executive management positions, the firm announced.