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
Cervelli: North Bergen mixed-use building changes hands as tenant buys property

A tenant at a nearly 4,000-square-foot mixed-use building in North Bergen has acquired the property, in a newly announced deal by Cervelli Real Estate.

Food & Beverage
Onyx: The Gyro Project opens in Newark, joining growing restaurant row at Gateway Center

A fast-casual Greek restaurant has opened its doors at The Junction at Gateway Center in Newark, bringing another option to workers and visitors at the downtown office complex.

Residential & Mixed Use
Fidelco, Diversified sell 393-unit Union rental property for $132 million, JLL says

Fidelco Realty Group and Diversified Properties have sold a newly developed, 393-unit luxury apartment complex in Union Township for nearly $132 million, in a deal arranged by JLL.

Professional Services
Resource Realty of Northern New Jersey eyes continued growth as it marks 35th anniversary

Resource Realty of Northern New Jersey is marking 35 years in business while staying focused on the future, with a growing leadership team and an expanding geographic footprint.

Technology
EDA, Nokia Bell Labs to open new hub for commercializing research at New Brunswick’s HELIX campus

A new facility focused on commercializing scientific research is coming to the HELIX — the acclaimed campus under construction in downtown New Brunswick — under a partnership announced this week by state officials and Nokia Bell Labs, a future tenant at the site.

Office
JLL: Pharma, life sciences tenants still loom large in New Jersey after an active 2024

Life sciences companies accounted for nearly a third of all leases signed in New Jersey last year, showing the industry’s continued role in the state’s changing commercial real estate market.

Hospitality & Tourism
Ironstate, Pegasus unveil renovated hotel in Harrison, marking property’s 10-year anniversary

The developers of an extended-stay hotel in Harrison — a key piece of the town’s redevelopment efforts — have marked its 10-year anniversary while debuting a multimillion-dollar renovation.

Finance & Capital Markets
Silver Arch closes $14.5 million bridge loan for Brooklyn condominium units

Silver Arch Capital Partners has completed a $14.5 million bridge loan to the developer of a condominium property in Brooklyn’s Williamsburg section.

Industrial
Heller, warehouse services firm ink 410,000 sq. ft. renewal in Edison

Heller Industrial Parks has signed a nearly 410,000-square-foot lease renewal in Edison with a provider of warehousing and distribution services, in a deal arranged by The Blau & Berg Co.

Health Care
JLL: Sunrise Senior Living sells four-year-old, 88-unit facility in Franklin Lakes

Sunrise Senior Living has sold an 88-unit assisted living and memory care facility in Franklin Lakes after debuting the property in 2021, brokers with JLL announced Tuesday.