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.

Professional Services
Hanrahan, longtime Clarke Caton Hintz architect, named AIA fellow

Clarke Caton Hintz Principal Michael J. Hanrahan has reached a new milestone in his 30-year design career, rising to the ranks of fellowship with the American Institute of Architects.

Finance & Capital Markets
PCCP provides $162 million construction loan for 345-unit Hoboken Urby project

Commercial real estate finance firm PCCP has closed a $162 million senior construction loan in connection with the planned 16-story, 345-unit Urby apartment building in Hoboken.

Office
Leverage Cos. opens new headquarters in downtown Newark (SLIDESHOW)

Leverage Cos. has a new home in Newark, where it was founded just six years ago, marking another milestone for the fast-growing real estate and financial services firm.

People
FNRP taps Kellams as director of leasing

Jeff Kellams has joined First National Realty Partners as director of leasing, in the latest key addition to the Red Bank-based private equity firm.

Food & Beverage
Bojangles, iconic Southern restaurant chain, plans 35 new franchise locations in New Jersey

Southern-style restaurant chain Bojangles is planning at least 35 new locations in New Jersey as part of a recently announced push to expand in and around New York City.

Office
Cosmetic dental practice takes 2,500 sq. ft. in Watchung, Sheldon Gross says

A specialty dental practice has leased more than 2,500 square feet at a Watchung office building, in a newly announced deal by Sheldon Gross Realty.

Government & Public Policy
Perth Amboy, East Orange projects among five to receive EDA gap financing grants

Plans for a new 23-unit apartment building in Perth Amboy are moving ahead with the help of a grant approved last week by the state Economic Development Authority.

Industrial
Crow Holdings eyes third Philly project after acquiring site for 104,000 sq. ft. warehouse

Crow Holdings Development has acquired a parcel in Philadelphia with full approvals in place for nearly 104,000 square feet of new high-end logistics space.

Photos
NJAA welcomes industry leaders for annual golf outing (SLIDESHOW)

The New Jersey Apartment Association hosted its Annual Golf Outing earlier this month, drawing top executives, service providers and other leaders from the state’s multifamily sector.

Residential & Mixed Use
Walters unveils 70-unit third phase of affordable housing development in Lacey Township

Walters has added to its vast housing portfolio in Ocean County after marking the completion of another 70 income-restricted apartments in Lacey Township.