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.

CBRE arranges $5M refinancing for Asian food distribution center

The owner of a refrigerated warehouse in Jersey City has obtained a $5 million loan to refinance the property, CBRE Group announced Friday.

Retail

Pierson: Jersey Mike’s adds new stores in northern, central N.J.

Jersey Mike’s Subs is continuing its rapid growth in the Garden State, with Pierson Commercial representing the chain in seven new leases in northern and central New Jersey.

Residential & Mixed Use

Chinese builder breaks ground on Jersey City condo complex

The U.S. affiliate of a Chinese construction giant has broken ground on its first project in Jersey City, a 358-unit condominium complex within the city’s waterfront Newport section.

Office

Horizon, two others help stabilize Hopewell office park

The owner of a Hopewell office complex said it has inked three leases totaling more than 200,000 square feet in recent months, anchored by a deal with the state’s largest health insurer.

Office

AT&T office site in Piscataway sold for $6.85M, DiLeo-Bram says

A high-tech manufacturing company has acquired an AT&T Corp. office building in Piscataway, with plans to use the site to develop products for a wide variety of industries.

Government & Public Policy

Wilcox named to elevated posts with development, chamber groups

Gretchen Wilcox, CEO, president and founder of G.S. Wilcox & Co., has been appointed to the national board of a commercial real estate development association and to the executive board of the New Jersey State Chamber of Commerce, the firm announced

Professional Services

McLaren, RSC design new Weehawken pier

A pier that stretches nearly 500 feet into the Hudson River has opened in Weehawken, replacing a structure just north of Hoboken that had been destroyed nearly 15 years ago.

Office

JCP&L leasing 64,000 sq. ft. at Bell Works

Jersey Central Power & Light is the latest company to commit to the sprawling Bell Works campus in Holmdel, signing a lease to move its Central Jersey regional headquarters to the site.

Residential & Mixed Use

Builder touts lease-up of Jersey City redevelopment project

The high-end residential complex in Jersey City known as The Beacon has leased up its sixth and final apartment building, marking the completion of a distinctive, ambitious project that saw developers readapt a sprawling early 20th-century hospital.

Government & Public Policy

Toms River, advocates strike affordable housing deal

A deal between local officials and a housing advocacy group will result in Toms River having the fourth-highest number of new affordable housing units in the state in the coming decade.