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.

Finance & Capital Markets
Wilcox touts financing for two N.J. industrial properties

G.S. Wilcox & Co. has secured more than $12 million in financing for developers involved in two recent transactions in Passaic and Somerset counties, the firm announced.

Retail
Developers, city officials mark grand reopening of historic Hahne’s building in Newark

It was around 2013 when developers first pitched the idea of creating a dynamic, mixed-use destination at the iconic former Hahne & Co. department store in downtown Newark. But it’s fair to say that, for thousands of city residents, the project was 30 years in the making.

Retail
South Orange retail center welcomes fitness chain

A gym operator has leased 12,000 square feet at a retail center in the heart of downtown South Orange, The Goldstein Group said Monday.

Retail
Marcus & Millichap brokers $6M retail sale in Atlantic County

A nearly 50,000-square-foot shopping center in Atlantic County has a new owner, following a deal brokered by Marcus & Millichap.

Government & Public Policy
Brady retiring from PlanSmart NJ

Ann Brady, the executive director of PlanSmart NJ, will retire this spring after 25 years with the organization.

Office
HFF: Mack-Cali selling 1.26M sq. ft. flex portfolio in South Jersey

Mack-Cali Realty Corp. is seeking a buyer for another large piece of its real estate footprint — a group of more than two dozen office and flex buildings in Burlington County.

Hospitality & Tourism
Spa complex opens at former Edgewater factory site

A new high-end, 240,000-square-foot spa has opened its doors in Edgewater, completing the redevelopment of another piece of the former Alcoa factory site along the Hudson River.

Office
Cherry Hill office park welcomes new health care tenant

An addiction treatment center has leased nearly 4,500 square feet at a Cherry Hill office building, Wolf Commercial Real Estate said Friday.

Office
SOLD: Mack-Cali’s 1.26M sq. ft. flex portfolio in South Jersey

5  Terri Lane in Burlington Township — Courtesy: HFF Below is the full list of office and flex properties in Burlington County that HFF is marketing on behalf of Mack-Cali Realty Corp.

Government & Public Policy
As expansion cycle winds down, economist still sees upside in real estate market

The U.S. economy is nearing the end of its current expansion cycle, but there are still reasons for optimism about the commercial real estate market in New Jersey and nationally.