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.

Office

Allstate is newest tenant at Bridgewater campus, JLL says

Allstate Insurance Co. has leased an entire 63,000-square-foot building in Bridgewater, the latest in a series of new deals at a four-building office park on Route 22.

Finance & Capital Markets

Investors announces more than $300M in CRE loans

Investors Bank has originated than $308 million in loans in recent weeks, financing more than a dozen transactions involving multifamily and commercial properties.

People

Four young brokers join Colliers N.J. team

Colliers International Group Inc. has added four new professionals to its brokerage teams in Parsippany and Princeton, marking its continued expansion in New Jersey.

Office

NAI Mertz marketing Camden County office space

Brokerage firm NAI Mertz has been tapped to lease a five-building, 33,400-square-foot office park in Berlin.

Finance & Capital Markets

Financing aids conversion of Totowa commercial building

HFF has arranged $12.2 million in construction financing for developers to reposition a light industrial building into a 1,246-unit self-storage facility in Totowa, the firm announced.

Office

Bank renews lease at Denholtz building in Fla.

Denholtz Associates has renewed a nearly 17,000-square-foot lease with a bank at its recently acquired office building in downtown St. Petersburg, Florida, the Matawan-based firm said.

Finance & Capital Markets

Developers sell iconic Panasonic tower in Newark for $165M

SJP Properties and Matrix Development Group have sold Panasonic’s North American headquarters building in Newark to an overseas investor for a reported $165 million, the firms announced Wednesday.

The Rundown

Report: Land sale clears way for new largest park in Hoboken

Hoboken is set to pay $30 million to buy more than six acres in its northwestern end to build the city’s largest park, according to a published report.

Professional Services

NGKF adds Tobiasz project management team

Newmark Grubb Knight Frank has bolstered its project management practice in New Jersey with the addition of a team led by industry veteran Brian Tobiasz, the firm said Wednesday.