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
JLL: Buyer wanted for Edgewater property with 62 apartments, Whole Foods-anchored retail

An upscale retail and residential property in Edgewater is on the market for sale, boasting a tenant roster that’s anchored by Whole Foods and 64 market-rate apartments.

Residential & Mixed Use
Pennrose, officials break ground on new affordable senior housing in New Brunswick

Pennrose has started construction on a project that will bring 66 new age-restricted, affordable housing units to downtown New Brunswick with the help of state and city funding sources.

People
Sanzari adds veteran property manager Lyberatos as vice president

Mike Lyberatos has joined Alfred Sanzari Enterprises as vice president and director of property management, the Hackensack-based real estate firm announced Wednesday.

Retail
Kislak: Flemington strip center sells for first time in 30+ years, fetching $2.3 million

A longtime owner has sold a nearly 10,000-square-foot strip center in Flemington for $2.25 million, in a deal arranged by Kislak Commercial Real Estate Services Inc.

Retail
Bennett Realty touts momentum at midyear after series of restaurant, retail deals in first half

Nearly a dozen restaurants, medical practices and other retail users are expanding in the region amid a flurry of newly announced leases by Bennett Realty & Development.

Featured
Shaping the future: Top CRE policy priorities for New Jersey’s next governor

Dan Kennedy is CEO of NAIOP New Jersey By Dan Kennedy As New Jersey prepares to elect its next governor, NAIOP NJ, the commercial real estate development association, has published a comprehensive roadmap for economic revitalization and sustainable development for…

Retail
Albanese joins RIPCO as managing director focused on pad site sales, development

RIPCO Real Estate has made another key hire in the region, tapping industry veteran Jeffrey Albanese as a managing director in its Elmwood Park office.

Office
Jersey Shore office, retail properties trade in deals totaling $5.4 million, CBRE says

The owners of some 15,000 square feet of office and retail space in southern New Jersey have sold the two-property portfolio for a combined $5.35 million, brokers with CBRE announced.

Industrial
PPP: Maker of air filtration products buys 32,000 sq. ft. facility in Hopewell

A global manufacturer has acquired a 32,000-square-foot flex industrial building in Hopewell, in a newly announced deal by Princeton Property Partners.

Finance & Capital Markets
Kennedy Funding inks land loan for Suffern residential parcels

Kennedy Funding has closed a new land loan in connection with a nearly six-acre residential development site in Suffern, New York, just north of the New Jersey state line.