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.

People
Hanback named head of development at Rockefeller Group

Rockefeller Group has tapped Executive Vice President Brandi Hanback as the sole leader of its U.S. development platform and a pipeline that totals more than 17 million square feet.

Office
JLL: Buyer wanted for Parsippany office building with ‘significant upside’ from redevelopment

Another office building in Parsippany is on the market for sale for potential redevelopment or repositioning, in a newly announced offering by JLL’s New Jersey capital markets team.

Industrial
Camber adds Interlicchio, Lipka to strengthen acquisitions unit

Camber Real Estate Partners has bolstered its in-house acquisitions team with the addition of Kevin Interlicchio and Connor Lipka.

Professional Services
MHS Architecture promotes Buldo to chief operating officer

MHS Architecture has elevated Michael Buldo to chief operating officer, citing his ongoing leadership and his past contributions to the Hoboken-based firm.

Industrial
Sagard Real Estate adds newly updated, 65,000 sq. ft. warehouse in South Brunswick

Sagard Real Estate has acquired a nearly 65,000-square-foot industrial building in South Brunswick, with plans to upgrade the property beyond a series of improvements completed just last year.

Retail
7 Brew Coffee eyes new store in Clark with lease at key intersection, Atlantic Coastal says

A coffee chain is expanding in central New Jersey after leasing a vacant bank property in Clark, in a deal arranged by Atlantic Coastal Real Estate and RIPCO Real Estate.

Professional Services
Alban Group promotes Shaw to vice president, Bunker to senior construction manager

The Alban Group has promoted Tim Shaw to vice president and Jake Bunker to senior construction manager, the Newark-based firm announced this week.

Finance & Capital Markets
Marcus: Buyer snags $174 million debt, equity deal for 348-unit Port Imperial rental property

An apartment owner has closed on $174 million in financing and joint venture equity to acquire a 348-unit property in West New York, in a deal arranged by Marcus & Millichap.

Residential & Mixed Use
Investor buys new 77-unit Somerset apartment building for $24 million, Hudson Atlantic says

A private investor has acquired a 77-unit luxury apartment building in the Somerset section of Franklin for more than $24 million, in a newly announced deal by Hudson Atlantic.

Finance & Capital Markets
CBRE: Recycling firm inks $19 million refi for new 124,000 sq. ft. Passaic facility

The owner of a new 124,000-square-foot recycling facility in Passaic has secured an $18.6 million loan for the property, brokers with CBRE announced Tuesday.