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
McManimon Scotland adds Shahid, Stern to deepen commercial real estate, bankruptcy teams

Falak Shahid has joined McManimon Scotland & Baumann LLC as an associate with its commercial real estate practice, one of two new additions to the Roseland-based firm.

Professional Services
Broadway Hot and Honey Chicken taps Tokarski Millemann to design new N.J. locations

Broadway Hot and Honey Chicken is adding new franchise locations in New Jersey with help of a design team with Tokarski Millemann Architects.

Residential & Mixed Use
HREV’s Birch House in Jersey City hits 70 percent leased

Halpern Real Estate Ventures has leased more than two-thirds of its new 337-unit high-end apartment property on Jersey City’s West Side, the developer announced this week.

Office
Insurance services firm right-sizes footprint with new Florham Park lease, Garibaldi Group says

A health care services company has found a new home in New Jersey, taking space at a Florham Park office building as part of a lease arranged by The Garibaldi Group.

Residential & Mixed Use
Lennar plans fall launch for four new developments with more than 500 homes combined

Lennar is set to debut four new developments in New Jersey, with offerings that will include everything from townhomes in Morris County to single-family dwellings in South Jersey.

Residential & Mixed Use
Larken eyes debut of 120-unit multifamily property in western Warren County

Larken Associates has all but completed a new 120-unit multifamily property in Warren County, just off Interstate 78 and less than a mile from the Pennsylvania border.

Retail
Grocery Outlet takes 19,000 sq. ft. at Gloucester County shopping center, Equity Retail says

A discount supermarket chain has leased nearly 19,000 square feet at a Gloucester County retail property, according to a team with Equity Retail Brokers.

Residential & Mixed Use
Kislak closes $3.5 million sale of 18-unit Long Branch apartment complex

An investor has purchased an 18-unit garden apartment complex in Long Branch for $3.5 million, in a newly announced deal by The Kislak Co. Inc.

Finance & Capital Markets
Developer of mixed-use project outside Orlando inks $4 million loan with Kennedy Funding

Kennedy Funding has closed nearly $4 million in financing to the would-be developer of a mixed-use project outside Orlando.

Residential & Mixed Use
Dunellen planning board OKs 50-unit rental project downtown, Taylor Architecture says

A developer has secured a key approval for a project that would bring 50 new apartments and commercial space to Dunellen’s growing downtown.