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
Kislak: Developer sells new boutique rental building in Jersey City for $625,000 per unit

Legacy Development Group has sold a new 31-unit luxury apartment building in Jersey City for $20 million — a per-unit price of $625,000 — in a deal arranged by The Kislak Co. Inc.

Residential & Mixed Use
Value Cos. completes first round of energy upgrades at North Jersey rental properties

Value Cos. Inc. has completed the first phase of energy efficiency upgrades at five North Jersey apartment properties, providing major benefits to residents of nearly 1,000 units.

Health Care
West Orange medical office building trades for $2.5 million, NAI Hanson says

An investor has sold a 10,000-square-foot medical office building in West Orange for $2.5 million, brokers with NAI James E. Hanson announced Thursday.

Retail
JLL: 98,000 sq. ft. East Hanover retail property on the market for sale

A real estate investment trust is seeking a buyer for more than 98,000 square feet of retail space on Route 10 in East Hanover, having retained JLL to market the property.

Hospitality & Tourism
Hotels Unlimited unveils new-look Hilton Garden Inn Lakewood after $5 million refresh

Hotels Unlimited Inc. has reopened its Hilton Garden Inn Lakewood, following a $5 million renovation of the 110-room hotel on Route 70.

Residential & Mixed Use
LEG buys 170-unit Long Branch rental property with $122 million equity, debt deal

Lincoln Equities Group has acquired a new 170-unit luxury multifamily property in Long Branch with the help of $121.5 million in equity and financing secured by Walker & Dunlop and as part of an investment sale arranged by Cushman & Wakefield.

Residential & Mixed Use
Panepinto tops out 605-unit high-rise in Journal Square, eyeing spring 2026 debut

Panepinto Properties has reached a key construction milestone for a new 605-unit luxury apartment tower in Journal Square, the revitalized commercial district in Jersey City.

Retail
Longtime owner sells 24,000 sq. ft. Glen Rock retail center in deal arranged by C&W

Brentwood Realty has acquired more than 24,000 square feet of retail space in Glen Rock, in a newly announced deal by Cushman & Wakefield.

Finance & Capital Markets
G.S. Wilcox sources $18 million loan for 123,000 sq. ft. retail property near Philadelphia

The owner of a freestanding supermarket property outside Philadelphia has landed more than $18 million in financing, in a transaction arranged by G.S. Wilcox & Co.

Industrial
Vitamin distributor leases 5,000 sq. ft. at Garwood industrial building, BRC says

A national vitamin distributor has taken more than 5,000 square feet of industrial space in Garwood, according to a brokerage team with Bussel Realty Corp.