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.

Food & Beverage
Keepers restaurant opens in Harrison, bringing all-day dining destination to Riverbend District

Principals of Advance Realty Investors and Episcope Hospitality joined Harrison Mayor James Fife, town officials and community leaders on June 17 to mark the grand opening of Keepers, a new all-day restaurant located at the base of The Wyldes apartment…

Residential & Mixed Use
Eight-unit apartment building in Union City trades for $1.2 million, Cervelli says

An investor has acquired an eight-unit apartment building in Union City for $1.2 million, according to a brokerage team with Cervelli Real Estate & Property Management.

Finance & Capital Markets
Kennedy Funding inks $1.6 million loan to bring much-needed housing to Maine’s South Coast

Kennedy Funding has closed a $1.633 million loan to the developer of what will be 13 single-family homes in southern Maine, the Englewood-based lender announced Friday.

Residential & Mixed Use
Kushner breaks ground on 280-unit rental project at ex-Westminster Hotel site in Livingston

Kushner has broken ground on its redevelopment of the former Westminster Hotel in Livingston, where it’s planning two new apartment buildings with a combined 280 units.

Residential & Mixed Use
Sagard eyes value-add renovation plan after buying 116-unit Morris Plains rental property

Sagard Real Estate has acquired a 116-unit apartment property in Morris Plains, with plans to renovate more than three-quarters of the homes while updating amenities and common spaces.

Industrial
Dermody, retail brand Quince ink 105,000 sq. ft. lease in Carneys Point, Lee & Associates says

A direct-to-consumer retailer has found its first logistics facility, leasing 105,000 square feet of new industrial space in the Salem County township of Carneys Point.

Residential & Mixed Use
NAI Hanson: Hackensack portfolio with eight apartments, two retail units sold for $1.8 million

A private investor has acquired two mixed-use buildings in downtown Hackensack for a combined $1.8 million, in a newly announced deal by NAI James E. Hanson.

Residential & Mixed Use
Canoe Brook debuts 220-unit luxury rental property in Warren, filling a key housing need

Canoe Brook Development has unveiled a collection of 220 luxury apartments in Warren, delivering the township’s first large-scale rental property to a site just off Interstate 78.

Education
Students tour new Russo, Hero Development projects to cap off ULI’s UrbanPlan program in East Brunswick, East Orange schools

The developers of new apartment buildings in New Brunswick, East Brunswick and East Orange welcomed students to the properties recently as part of an Urban Land Institute program that exposes high schoolers to commercial real estate planning and construction.

Industrial
NAIDB named leasing broker for East Brunswick, Union Township industrial buildings

The owner of a 21,000-square-foot industrial building in East Brunswick has tapped NAI DiLeo-Bram & Co. as its leasing team, in one of two new assignments for the real estate services firm.