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.

Hospitality & Tourism
First new hotel in decades coming to downtown Montclair

The Pinnacles Cos., in a joint venture with The Hampshire Cos. and investment partner Circle Squared Alternative Investments, broke ground recently on downtown Montclair’s first new full-service hotel in decades.

Professional Services
Luzzi finds new role with Kimmerle Group

Kimmerle Group, an architectural and interior design company offering real estate planning and development services, has announced that Patrick J. Luzzi of Randolph has joined the firm as managing director.

Events
Panel: Embracing new workplace is key to success for landlords

How do you engage people who don’t want their father’s workplace? Many developers and office landlords are still trying to figure that out, but a panel of real estate experts were on hand recently to offer their thoughts. Speaking at a NAIOP New Jersey seminar, industry leaders tackled issues such as co-working, sustainability and employee retention.

Deals
Berger Organization grows office portfolio in downtown Newark

The Berger Organization has acquired a 33,000-square-foot building in downtown Newark that it will renovate and market as a sister property to an adjacent office tower, the firm announced.

Top News
Land purchase could signal expansion for Bayer in Hanover

Bayer Healthcare has acquired 86 acres of undeveloped land alongside its East Coast headquarters in Hanover, in a sign the pharmaceutical giant may be primed to expand its footprint at the three-year-old campus.

People
NAIOP N.J. hires Giaquinto as chapter admin

By Real Estate NJ Patricia Giaquinto has joined NAIOP New Jersey as chapter administrator and executive assistant, said Michael McGuinness, CEO of the commercial real estate development group’s New Jersey chapter. Giaquinto, a Somerset resident, will manage office operations and…

Deals
Rockefeller lands $70M construction loan for AVE Florham Park

The Rockefeller Group has secured $70 million in financing on behalf of its joint-venture partnership with Korman Communities for the construction of AVE Florham Park, a flexible-stay community in Florham Park.

Professional Services
Advance picks Minatelli to head asset management

Advance Realty announced that it has hired Jared Minatelli as director of asset management.

Deals
Grocery-anchored retail center in Lyndhurst secures new financing

By Real Estate NJ HFF has arranged a $31 million refinancing for Veterans Square, a 136,928-square-foot grocery-anchored retail center in Lyndhurst. HFF represented the borrower, The Hampshire Cos., in securing a fixed-rate loan from Nationwide Real Estate Investments. The four-building…

Deals
HFF brokers sale of Parsippany office building

By Real Estate NJ Mack-Cali Realty Corp. has sold a 100,000-square-foot office building at 600 Parsippany Road in Parsippany, brokerage firm HFF announced. In a news release, HFF said it represented Mack-Cali in the sale to a joint venture of…