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.

Retail
Brunelli: Five new Dollar Tree stores coming to N.J.

National retailer Dollar Tree has added five new locations in New Jersey, following a series of leases arranged by R.J. Brunelli & Co. LLC.

Retail
Mack-Cali announces lease with fitness chain in Hanover

Mack-Cali Realty Corp. has signed a 40,000-square-foot lease with a national fitness operator at a shopping center near one of its flagship office parks in Morris County.

Industrial
Elizabeth industrial portfolio trades for $13.2 million

Bussel Realty Corp. has brokered the sale of a 115,078-square-foot industrial portfolio in Elizabeth, one of several recent deals announced by the firm on Monday.

The Rundown
Report: Icahn acquires mortgage for another Atlantic City hotel

Billionaire investor Carl Icahn has made another real estate move in Atlantic City, reportedly purchasing the debt to the nongaming Boardwalk hotel known as The Chelsea.

Retail
Triple Five secures $1.67 billion construction loan for American Dream project

The developer of the American Dream project in the Meadowlands has closed on $1.67 billion in private financing, allowing it to “aggressively move forward” with construction after months of delays at the notoriously stalled retail and entertainment complex.

Event Coverage
United Way unveils annual Impact Award, as keynote speaker honors the ‘scrapper’

A human resources executive with UPS on Friday urged many of the state’s top developers and industry professionals to consider the “scrapper” when making hiring decisions, citing their self-reliance, perseverance and ability to solve problems.

Residential & Mixed Use
Gebroe-Hammer: East Orange luxury high-rise fetches $11.25 million

A veteran East Orange investor has acquired a 44-unit luxury apartment building in the city, in an $11.25 million deal brokered by Gebroe-Hammer Associates.

Professional Services
Site selection, incentives advisory firm opens West Coast office

Biggins Lacy Shapiro & Co. LLC, the Princeton-based location advisory firm, is expanding westward with the opening of a new office in the San Francisco Bay Area.

Office
Route 3 office building trades for $2.5 million, Marcus & Millichap says

A private investor has paid nearly $2.5 million for a 21,600-square foot office building along Route 3 in Clifton, according to brokers with Marcus & Millichap.

Office
Upgrades complete at 415K sq. ft. Little Falls office building

The owner of a well-known office building in northern New Jersey has completed its multimillion-dollar renovation of the property, Colliers International Group Inc. said Thursday.