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.

Deals
HFF: Hartz refinances 13-piece industrial portfolio for $162M

Brokerage firm HFF has secured a $162 million loan to help Hartz Mountain Industries refinance a 13-building, 2.67 million-square foot industrial portfolio in northern New Jersey.

Finance & Capital Markets
Jersey City HUD building recapitalizes with $95M loan

A Boston-based mortgage banking firm has closed a $95 million loan to recapitalize a Jersey City apartment complex and allow it to continue to offer federally subsidized affordable housing.

Personalities
Scarinci Hollenbeck makes new hires in real estate group

Two commercial real estate attorneys and their team have joined Scarinci Hollenbeck, the firm announced Thursday.

The Rundown
Report: Council approves tax breaks for NJCU developments

Officials in Jersey City have approved tax abatements for three mixed-use buildings by a private developer at New Jersey City University’s main campus, a published report said Thursday.

Top News
CBRE brokers $24M bridge loan for ex-MetLife building

The Provident Bank has provided a $24 million loan for a developer to refinance a vacant office building in Hanover, under a transaction arranged by CBRE.

Industrial
Developer plans sprawling industrial park after $12M land sale in South Jersey

Cushman & Wakefield has brokered the sale of a sprawling 415-acre development tract in Gloucester County, where the buyer plans to build a 3 million-square-foot industrial park.

Residential & Mixed Use
Senior housing complex in Monroe trades for $19M

An investment group has paid $19.2 million for a 100-unit luxury rental building in Monroe Township, Gebroe-Hammer Associates announced Wednesday.

Office
Berger acquires 18-story Newark office tower

A Newark property owner has added a well-known office tower to its portfolio in the city, following a deal arranged by brokers with HFF.

Industrial
New deals, renewals keep Heller portfolio fully leased

Heller Industrial Parks inked more than 50 transactions across its vast industrial footprint last year, accounting for some 5 million square feet in leasing activity and keeping the firm’s occupancy at 100 percent heading into 2017.

Industrial
Tenants quick to grab new industrial space in N.J., report finds

If there’s any doubt about the demand for new industrial space in New Jersey, look no further than the response to speculatively built warehouse and distribution projects in 2016.