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

New 317-unit Urby tower opens in Journal Square, marking developer’s second in Jersey City

The newest Urby luxury apartment building has arrived in Jersey City with the debut of a 25-story, 317-unit property in the resurgent Journal Square neighborhood.

Finance & Capital Markets

G.S. Wilcox closes loans totaling $32 million for Hoboken, Madison commercial assets

The owner of a commercial property in downtown Hoboken has obtained more than $26 million in financing, in one of two recent transactions by G.S. Wilcox & Co.

Professional Services

Langan acquires Robert Stephen Consulting, eyeing growth in portfolio management

Langan Engineering & Environmental Services has acquired a California-based consulting firm, seeking to strengthen its technology offerings for clients that manage real estate portfolios.

Retail

SRS: Cypress, Stockbridge sell LA Fitness tract for $14 million in latest deal at Linden center

A developer and its partner have sold a newly built, 41,000-square-foot LA Fitness property in Linden for nearly $14.3 million, in a newly announced deal by SRS Real Estate Partners.

Industrial

BRC: Industrial maintenance, supply firm buys 3,100 sq. ft. building in Edison

An industrial maintenance and supply business has acquired a nearly 3,100-square-foot commercial building in Edison, according to a brokerage team with Bussel Realty Corp.

Residential & Mixed Use

Builder set to mark construction milestone for 196-unit rental project in Journal Square

The construction team for nearly 200 new upscale apartments in Jersey City is eyeing a spring 2025 delivery as it prepares to mark a key milestone for the project.

Office

Health care startup Noom moves headquarters to downtown Princeton

Digital health company Noom Inc. has relocated its headquarters to downtown Princeton while also unveiling a new office space in Midtown Manhattan.

Office

CPN completes 22,000 sq. ft. in transactions in Pennington, Princeton area

Commercial Property Network Inc. has announced a flurry of new commercial leases and renewals and a property sale in suburban Mercer County.

Government & Public Policy

State awards program honors Walters senior affordable housing project in Branchburg

The state has recognized Walters for one of the development firm’s newest projects — a 150-unit age- and income- restricted property in the Somerset County borough of Branchburg.

Profeta named to NJIT board of trustees

State officials have appointed Paul V. Profeta, the founder of Paul V. Profeta & Associates and publisher of Real Estate NJ, to New Jersey Institute of Technology’s board of trustees.