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.

Fitness operator inks lease at Franklin retail center

Crunch Fitness has signed a long-term lease for 23,000 square feet at the Rutgers Plaza shopping center in Franklin, the Goldstein Group said Monday.

New Jersey’s top office leases of 2016 (so far), according to JLL

New Jersey has had no shortage of high-profile office leases through the first three quarters of 2016. And they’ve come in all corners of the state — from the Hudson waterfront to bucolic suburban campuses in Morris and Somerset counties.

With that mind, researchers with JLL have compiled the Top 10 office leases year to date in the Garden State.

Woodmont execs detail developer’s transformation

If the first 40 years of Woodmont Properties were about becoming an institution in New Jersey’s real estate sector, the last 10 have been about ushering in a new era for the Fairfield-based firm. Look no further than the developer’s multifamily portfolio.

76ers open new practice facility, team HQ in Camden

The Philadelphia 76ers have unveiled their new state-of-the-art, 125,000-square-foot practice facility near the Camden waterfront.

Hospitality & Tourism

Developer acquires, plans upgrades at W. Windsor hotel

A developer has acquired its second Princeton-area hotel, with plans to reinvest in the property and position it as a key piece of the Carnegie Center business campus.

On the waterfront, Mack-Cali prepares to plant its new flag

Mack-Cali Realty Corp. is refocusing on its 4.3 million square feet of office space in Jersey City — a valuable asset that the company has vowed to focus on as it charts a course to the future.

Panasonic extends, expands HQ lease in downtown Newark

Panasonic Corp. of North America has extended and renewed its lease for a total of 337.552 square feet at its three-year-old Newark headquarters.

Finance & Capital Markets

Gebroe-Hammer brokers multifamily sales in Bergen County

Brokers with Gebroe-Hammer Associates have had a busy stretch in Bergen County recently, arranging more than $70 million in multifamily investment sales.

BNE unveils new Bloomfield apartment building

BNE Real Estate Group has taken the wraps off its new 140-unit, luxury apartment building in downtown Bloomfield.

Avison Young hires new marketing coordinator in N.J.

Amanda M. Franko has joined Avison Young as a marketing coordinator in the company’s New Jersey office, the commercial real estate services firm said.