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.

Event Coverage
NAIOP honors leaders in advocacy, industry service at annual awards dinner

On the eve of Election Day, the state’s top commercial real estate association took a night to highlight some of it recent legislative triumphs — and the members behind those victories.

Residential & Mixed Use
Linden rental property sells for $8.15 million, Kislak says

The developer of a 48-unit apartment building in Linden has sold the property for more than $8 million, in a transaction brokered by The Kislak Co. Inc.

Finance & Capital Markets
HFF brokers $17.4 million acquisition loan for Toms River retail center

A joint venture has closed on a Toms River shopping center with the help of $17.4 million in acquisition financing from an area bank, brokerage firm HFF said Monday.

Retail
Woodbridge strip center fetches $1.35 million, Marcus & Millichap says

A private investor has paid $1.35 million for a 5,850-square-foot strip center in Woodbridge.

Finance & Capital Markets
Gold Coast condo project secures $71.6 million construction loan

The developer of a high-end, 14-story condominium tower in Cliffside Park has closed on a $71.6 million construction loan, as it marches ahead toward a planned opening date next year.

Office
JZA+D reveals upgrades at 120,000 sq. ft. Princeton office building (PHOTOS)

An architecture firm has unveiled its newly completed redesign of a building in the Carnegie Center office campus, following two years of renovations at the 120,000-square-foot property.

Retail
Ripco: Farmers market lease brings Saddle Brook retail center to full occupancy

A farmers market will be the latest addition to a 220,000-square-foot shopping center in Bergen County, according to brokers with Ripco Real Estate who arranged the transaction.

Residential & Mixed Use
Fields launches leasing at new 255-unit rental building in Jersey City (PHOTOS)

A developer is set to debut a new 255-unit luxury apartment building in the Paulus Hook section of Jersey City, touting an infusion of rental units in a neighborhood dominated by brownstones.

Office
NAI Hanson brokers office condo sale in Clifton

A medical office user has acquired nearly 11,000 square feet of condominium space in a Clifton, following a deal arranged by brokers with NAI James E. Hanson.

Policy Page
A regulatory framework for our new administration

As our next governor focuses on making our state more affordable for both businesses and residents, it would make sense to ramp up efforts to cut red tape by eliminating ineffective rules and empowering qualified private-sector professionals to handle more administrative work, technical reviews and project approvals.