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.

Residential & Mixed Use
Marcus lists fully approved, 51-unit senior housing parcel in Jersey City for $4 million

A development site with approvals for a 51‑unit, age‑restricted apartment building has hit the market in Jersey City, in a newly announced listing by Marcus & Millichap.

Professional Services
JLL’s Gentry named vice chairman, leasing advisory, for New York tristate region

JLL has promoted Angela Gentry to vice chairman, leasing advisory, for the New York tristate region, the commercial real estate services firm announced Thursday.

Residential & Mixed Use
Developers near completion of 477-unit ‘West Side Square’ project in Jersey City

A collection of nearly 500 luxury rentals is taking shape just outside Jersey City’s Journal Square district, with preleasing underway and residents set to arrive as soon as this summer.

Retail
JLL: Buyer wanted for 61,000 sq. ft. retail center at master-planned Basking Ridge community

The owner of a retail center at the heart of an affluent, master-planned housing development in Somerset County has tapped JLL to sell the property.

Finance & Capital Markets
Drew Capital sources $16 million construction loan for Giga Holdings rental project in Newark

Giga Holdings has scored a $16.25 million construction loan for a 77-unit multifamily project in Newark’s University Heights neighborhood, in a newly announced deal by Drew Capital.

Residential & Mixed Use
RHO Residential, with growing leadership team, taps Sheth as chief operating officer

Salil Sheth has joined RHO Residential as its chief operating officer, bringing extensive experience in real estate operations and development.

Government & Public Policy
EDA, SOSA launch business accelerator, support space in Jersey City for international companies eyeing growth in U.S

State officials have unveiled a new coworking and support space in Jersey City that will serve as a hub for global companies seeking to establish and scale their operations in the United States.

Events
NJAA expo opens with enhanced education, revamped schedule to meet member demand

The New Jersey Apartment Association Conference & Expo has returned to Atlantic City, where it’s expected to draw thousands for three days of networking, education and presentations with a revamped schedule and an ever-growing trade show floor.

Industrial
CBRE: Dover industrial user unveils facility, sells adjacent development site for $6.9 million

A distributor of metal tubes and pipes has sold a development site in Dover after completing its new headquarters facility on adjacent land, brokers with CBRE announced this week.

Retail
JLL: Fitness chains combine for 31,000 sq. ft. in new leases in Paramus, Passaic

Two fitness chains are expanding in northern New Jersey, reflecting what a JLL brokerage team said is continued demand from operators seeking high-visibility, convenience-driven locations.