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
Developer: New 44-story rental tower in Jersey City nearly complete

A developer is on the verge of completing a new 45-story residential tower in Jersey City, as it prepares to begin leasing for the building’s nearly 450 high-end apartments.

Residential & Mixed Use
Editor’s note: A new kind of New Jersey real estate

As you might imagine, I’m usually the one asking the questions when it comes to commercial real estate. But occasionally people will flip the script and ask me what I’m seeing in the market. My response is almost never about…

Residential & Mixed Use
Acquisition clears the way for Denholtz to begin mixed-use Red Bank project

Denholtz Associates has acquired the final piece of a site in Red Bank that will soon become home to renovated office space and 45 new luxury apartments just steps from a train station.

The Rundown
Straub looks to reopen former Revel casino by June 15, report says

The former Revel casino hotel in Atlantic City — Courtesy: Governor’s Office/Tim Larsen By Real Estate NJ Glenn Straub, the owner of the former Revel casino in Atlantic City, said he now plans to reopen the shuttered property in less…

Industrial
Moving and storage business coming to Newark from NYC

NAI James E. Hanson has arranged the sale of a Newark industrial building to a moving and storage business that is relocating to the city from the Bronx.

Professional Services
Broker promoted, named shareholder at Blau & Berg

The Blau & Berg Co. has promoted one of its longtime members to principal and senior director.

Industrial
BRC: Brooklyn firm relocating after buying Carteret industrial building

A manufacturer that is moving operations from Brooklyn has purchased a 55,560-square-foot industrial building in Carteret, in a $5.1 million sale brokered by Bussel Realty Corp.

Residential & Mixed Use
New Gold Coast condo tower rising in Bergen County

A developer has taken the wraps off a new condominium tower in Cliffside Park, a sleek 14-story building that will ultimately deliver 200 luxury homes to the Gold Coast.

Industrial
Transwestern: Port activity, rent growth continue for N.J. industrial sector

The swell of cargo volume at the Port of New York and New Jersey has fueled the Garden State’s lowest industrial vacancy in more than 15 years, according to Transwestern, as rents continue to rise and leasing activity continues at a torrid pace.

Finance & Capital Markets
Wilcox brokers 15-year loan for new Morristown office building

G.S. Wilcox & Co. has arranged $16.5 million in financing for a new 44,000-square-foot office building in Morristown developed by The Hampshire Cos., the mortgage banker said Monday.