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
Malas Development unveils 256-unit Teaneck rental building amid early leasing momentum

Malas Development has taken the wraps off a 256-unit luxury apartment building in Teaneck, with plans for a second phase next door as it transforms what was a large industrial site.

Features
Pickleball users snapping up retail, industrial space as sports craze spreads in New Jersey

A nationwide post-pandemic fitness trend is also a real estate trend in New Jersey, as indoor pickleball facilities fill available spaces throughout the state.

Residential & Mixed Use
Developer taps Kislak as sales broker for new 24-unit apartment building in Jersey City

The developer of a new 24-unit apartment building in Jersey City is looking to sell the property, in a newly announced offering by The Kislak Co. Inc.

Finance & Capital Markets
BHI provides $35 million construction loan for 202-unit TAY Investments project in Jersey City

TAY Investments has secured a $35 million construction loan from BHI to build a new 202-unit apartment building in Jersey City’s West Side neighborhood.

Government & Public Policy
EDA approves $104 million Aspire award for Nokia Bell Labs tower in New Brunswick

The developers of what will be nearly 370,000 square feet of lab and office space in New Brunswick, the future home of Nokia Bell Labs, could break ground next month after securing a 10-year, $103.9 million tax credit award under the state’s Aspire program.

Industrial
Logistics users take space in Bridgewater, Lakewood in RRNNJ deals totaling 122,000 sq. ft.

A logistics and fulfillment firm has leased 102,000 square feet of industrial space in Bridgewater, in one of two newly announced deals by Resource Realty of Northern New Jersey.

Industrial
PREMIER Design + Build Group taps Hart as executive V.P. to lead East Coast growth

PREMIER Design + Build Group has hired longtime constructive industry executive Jason Hart to help lead and accelerate its growth on the East Coast.

Industrial
Greenbaum Rowe joins Circulate NJ as latest member of logistics industry coalition

The business coalition known as Circulate NJ has welcomed another member, announcing the addition of powerhouse law firm Greenbaum, Rowe, Smith & Davis LLP.

Industrial
CBRE: EQT buys Salem County parcels approved for 707,000 sq. ft. logistics park

A developer has sold nearly 50 acres in Salem County with approvals in place for more than 707,000 square feet of new ground-up industrial space, brokers with CBRE announced.

Hospitality & Tourism
Renovated 84-key hotel in Flemington changes hands in Berkadia-brokered deal

JDK Management Co. has sold a recently renovated, 84-key hotel in Flemington, in a newly announced deal by Berkadia.