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.

Finance & Capital Markets

Wilcox closes $16M loan for Hartz acquisition

Hartz Mountain Industries has expanded its out-of-state portfolio, acquiring 12 industrial buildings in Atlanta with nearly $16 million in financing arranged by G.S. Wilcox & Co.

Hospitality & Tourism

Hard Rock, N.J. real estate families to buy and reopen Trump Taj Mahal for $300M

Investor Carl Icahn has agreed to sell the shuttered Trump Taj Mahal casino to Hard Rock International and two New Jersey real estate families, the buyers said, under a $300 million plan to acquire, renovate and reopen the Atlantic City gaming hall.

Office

KPMG kicks off work at new Montvale tech center

Accounting and consulting giant KPMG has marked the start of construction at a new technology center in Montvale, an 81,000-square-foot extension of its longtime footprint in the borough.

Retail

Brunelli: Asian grocery chain seeking to expand

R.J. Brunelli & Co. LLC, has been named the exclusive broker to help serve an Asian grocery retailer’s expansion plans New Jersey, New York and Pennsylvania, the firm said.

Professional Services

Veteran Big Pharma engineer joins PS&S

A longtime Hoffman-LaRoche engineering manager in New Jersey has found a new home at PS&S, the Warren-based engineering and architecture firm.

Residential & Mixed Use

Boutique Gold Coast apartment building fetches $3.1M, Marcus & Millichap says

An eight-unit apartment building in North Bergen has a new owner, Marcus & Millichap said Wednesday after brokering the sale of the newly built property.

Retail

Ripco: Italian specialty food chain expands into Morris County

A seller of homemade ravioli and specialty products has opened a new location in Florham Park, following a deal brokered by agents with Ripco Real Estate.

Office

Law firm opens new 42K sq. ft. Morristown office building

Fox Rothschild has opened its sleek new office building in downtown Morristown, completing a long-awaited move that will raise the law firm’s profile in a vibrant business district.

Industrial

High-end event space opens at 2M sq. ft. Kearny redevelopment

A project that calls for redeveloping a historic, 2 million-square-foot former shipyard in Kearny has attracted a Manhattan-based operator that will open a high-end event space at the property.