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.

Professional Services
REDCOM hires development veteran as first CFO

A new chief financial officer has joined the executive team of REDCOM Design & Construction LLC, the Westfield-based firm said Tuesday.

Retail
LMC: Wireless carrier inks lease at Mercer shopping center

T-Mobile has leased 2,600 square feet at a 175,400-square-foot shopping center in Hamilton, according to brokers with Levin Management Corp.

Finance & Capital Markets
Meridian arranges $26.6M refinance for Sayreville rental project

A developer is refinancing a newly built apartment complex in Middlesex County with the help of a $26.6 million loan brokered by Meridian Capital Group, the firm said Monday.

Government & Public Policy
Report: Brewing company moving to Atlantic City

A brewing company will relocate to Atlantic City from southeastern Pennsylvania with the help of nearly $1.1 million in tax credits from the state Economic Development Authority.

Industrial
CBRE: Hartz tenant expands in Secaucus

Hartz Mountain Industries has leased more than 200,000 square feet in Secaucus to an audiovisual and media services company, one of three recent deals announced by CBRE Group.

Residential & Mixed Use
Gebroe-Hammer touts nearly $30M in Essex County trades

More than 300 apartments have changed hands in eastern Essex County under two recent portfolio sales brokered by Gebroe-Hammer Associates, the firm said Monday.

Professional Services
Longtime retail broker joins Colliers

Colliers International Group Inc. has added to its brokerage team in New Jersey with the hiring of a 27-year retail industry veteran.

Government & Public Policy
All business: A decade later, Woodbridge mayor still has economic development at the top of his agenda

Since taking office in late 2006, Woodbridge Mayor John McCormac has emerged as one of the most development-friendly and pro-business mayors in all of New Jersey. He and his economic development team can boast a record that includes two new power plants, millions of square feet of warehouse space and dozens of new retailers, banks and eateries that have opened during that time.

Government & Public Policy
McCormac: Sharing the benefits of redevelopment with school district is ‘common sense’

Woodbridge Mayor John McCormac is proud of the fact that, for all of the administration’s payment in lieu of taxes agreements with developers over the past decade, not one project has impacted the school system.

But Town Hall is still making sure that the school system is benefiting.

Professional Services
AY names three new principals from N.J. project management team

Avison Young has promoted three members of its project management team to the level of principal in its New Jersey office, the real estate services firm announced Friday.