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.

Retail
Fennelly: Retail condo sale, three leases among newest deals at Plainsboro Village Center

A wellness studio has acquired a nearly 5,000-square-foot retail condominium in downtown Plainsboro for $1.23 million, a broker with Fennelly Associates announced Thursday.

Retail
Route 73 strip center changes hands among private investors, Vantage Commercial says

A private investor has purchased a nearly 15,000-square-foot strip mall along Route 73 in Burlington County, in a newly announced deal by Vantage Commercial.

Finance & Capital Markets
Kennedy Funding closes latest land loan to help spur hotel project in Washington State

Kennedy Funding has closed a $1.28 million land loan to a developer hoping to bring a hotel to a growing residential and tourism area in Washington State.

Top News
Then and now: Crow Holdings’ Jaeger, former Olympic swimmer and medalist, explains how competing at the highest level prepared him for a career in real estate development

Connor Jaeger, a two-time Olympic swimmer and silver medalist who grew up in Fair Haven, is now a development associate with Crow Holdings Development’s Montclair-based team. — Photos courtesy: Connor Jaeger/Crow Holdings By Joshua Burd You likely won’t hear Connor…

Hospitality & Tourism
Marriott Saddle Brook debuts first piece of $15 million renovation (SLIDESHOW)

The owner of the 244-room Marriott Saddle Brook has unveiled the first phase of a $15 million renovation of the historic hotel, a familiar sight to motorists in northern New Jersey.

Professional Services
CSG’s Valeri joins Toft as environmental group chair, with Plumb rising to practice lead

Chiesa Shahinian & Giantomasi PC has tapped John G. Valeri Jr. as the newest chair of its environmental law group, placing him at the helm of the practice alongside Dennis M. Toft.

Industrial
JLL tapped to sell three-building, 262,000 sq. ft. industrial portfolio in Rockland County

The owner of nearly 262,000 square feet of warehouse and light industrial space just north of Bergen County is seeking a buyer for the portfolio, in a newly announced offering by JLL.

Retail
LMC: Tropical Smoothie Café leases 1,700 sq. ft. at North Brunswick retail center

Tropical Smoothie Café has taken 1,700 square feet for a new location along Route 1 in Middlesex County, according to a leasing team with Levin Management Corp.

Industrial
Shalek brothers, identical twins, making their mark in low-coverage industrial, with ground-up development on the horizon

Identical twins Eric and Scott Shalek are building a portfolio of low-coverage and outdoor industrial storage sites in New Jersey after launching Ridgecut Road in early 2022, with plans to begin their first ground-up warehouse project later this year.

Top News
Panepinto, Incheon City sign MOU to execute $5.1 billion development in South Korea

Panepinto Properties is embarking on another major project in South Korea, having agreed to spearhead a $5.1 billion mixed-use development near Seoul-Incheon International Airport.