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
Developer sells 36-unit Old Bridge rental property for $12 million, CBRE says

EOM Realty has sold a newly built 36-unit apartment building in Old Bridge for more than $12 million, brokers with CBRE announced Tuesday.

Finance & Capital Markets
Cronheim: Bedrin snags $33 million refi for Hawthorne apartment, retail project

The developer of 118 luxury apartment units and retail space in Hawthorne has secured a nearly $33 million loan to refinance the project, in a deal arranged by Cronheim Mortgage.

Residential & Mixed Use
Cervelli: Buyer wanted for Palisades development site in Union City

A development site with views of Hoboken and the Manhattan skyline is on the market for sale in Union City, according to a team with Cervelli Real Estate & Property Management.

Roundtable
Tell us about a new design or construction trend that you’re seeing in the industrial sector.

Tell us about a new design or construction trend that you’re seeing in the industrial sector. We assembled a panel of industry experts to tackle this month’s question.

Finance & Capital Markets
Life insurer provides $85 million loan for 297-unit Overlook Flats in Jersey City, Wilcox says

The developer of a new 297-unit apartment building in Jersey City has landed $85 million in financing for the property, in a newly announced deal by G.S. Wilcox & Co.

Finance & Capital Markets
Data center capital markets experts Morris, Putnam join Cresa to launch advisory platform

Cresa is launching a capital markets and advisory platform for data centers after adding the well-known brokerage team of Michael Morris, Sumner Putnam and Matt Deutsch.

Retail
Goldstein Group: Rug dealer Wool & Loom takes 12,000 sq. ft. on Route 17 in Paramus

A luxury rug retailer has leased more than 12,000 square feet at a freestanding building in Paramus, according to a brokerage team with The Goldstein Group.

Education
Petrucci expands education portfolio with acquisition of North Bergen school building

J.G. Petrucci Co. Inc. has acquired a 34,000-square-foot school building in North Bergen as part of a push to expand its footprint in the education sector.

Office
Christie’s: Florida-based personal injury law firm leases 5,400 sq. ft. in River Edge

A personal injury law firm has taken more than 5,400 square feet at a River Edge office building, in a newly announced deal by Christie’s Commercial Real Estate.

Residential & Mixed Use
Developer looks to sell new 199-unit luxury rental building in Bloomfield, JLL says

The developer of a new 199-unit luxury apartment building in downtown Bloomfield is seeking a buyer for the property, in a newly announced offering by JLL.