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
Levin promotes Ciaravino to director of operations

Levin Management Corp. has elevated Denise Ciaravino to director of operations, citing her leadership and longstanding contributions to the firm’s property management department.

Industrial
Food distributor buys 7,000 sq. ft. Howell facility in deal arranged by Sheldon Gross

A specialty food distributor has acquired a 7,000-square-foot flex property in Howell for $2.125 million, in a newly announced deal by Sheldon Gross Realty.

Industrial
Crow Holdings lands third tenant in Carteret with 146,000 sq. ft. lease with 3PL firm

Crow Holdings Development has lured another global logistics firm to its new industrial campus in Carteret, having signed a 146,000-square-foot lease with China-based YunExpress.

Residential & Mixed Use
Hartz debuts 218-unit rental project as final piece of iconic Lincoln Harbor district in Weehawken (SLIDESHOW)

Hartz Mountain Industries is marking a milestone at its landmark Lincoln Harbor neighborhood in Weehawken, unveiling a new 218-unit apartment building on what was the district’s final development parcel.

Residential & Mixed Use
Hudson Atlantic: Camden County rental property sold after income restrictions expire

A private investor has acquired a 284-unit senior housing property in the Camden County borough of Barrington, in a newly announced deal by Hudson Atlantic Realty.

Industrial
Alterra expands footprint with two industrial outdoor storage deals in Gloucester County

Alterra IOS has acquired two industrial outdoor storage properties in Gloucester County, adding roughly seven acres to its growing portfolio in the asset class.

People
Saxum’s Lizza earns promotion to development director

Saxum Real Estate has promoted David Lizza to development director, touting his role in some of the firm’s largest industrial projects in key markets.

Finance & Capital Markets
G.S. Wilcox closes $25 million loan for 296-unit Charlotte rental property

G.S. Wilcox & Co. has arranged nearly $25.3 million in financing for a 296-unit multifamily property in North Carolina, the Morristown-based mortgage banker announced recently.

Office
Real estate, law firms among newest tenants at revamped West Orange office building

The owner of a repositioned office building in West Orange has secured seven new tenants with nearly 74,000 square feet of leasing activity, brokers with JLL announced.

Top News
IPRG: Buyer wanted for iconic Bendix Diner property on Route 17 in Hasbrouck Heights

The owner of a landmark diner in Hasbrouck Heights has tapped IPRG to sell the Route 17 property, providing an opportunity for a new operator or potential redevelopment of the site.