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.

Owners Council Roundtable: Besides the capital markets, what is a major challenge that the industry still faces?

We posed the question to members of our 2024 Owners Council. Here’s what they had to say.

Residential & Mixed Use

Developer wins zoning board approval for 20-unit ‘gateway’ project in Berkeley Heights

Officials in Berkeley Heights have granted a key approval to a project that would bring 20 apartments and ground-floor commercial space to a major corridor in the township.

Professional Services

U.S. Title Solutions expands operations into New York, Pennsylvania

U.S. Title Solutions is looking to accelerate its growth outside New Jersey, announcing its expansion into New York and Pennsylvania in response to increasing client demand.

Events

Walters wins five awards, including top management accolade, at annual NJAA gala

Affordable housing developer Walters has been riding high in recent weeks after taking home five awards at an annual gala hosted by the New Jersey Apartment Association.

Government & Public Policy

Trenton to acquire vacant hotel with $4 million grant, one of 12 approved under EDA program

State officials have approved a $4 million grant to help the City of Trenton acquire a vacant hotel property that’s slated to be redeveloped under a proposed mixed-used project.

Finance & Capital Markets

BHI closes $39 million construction loan to EPIRE for 75-unit Jersey City condo project

A developer has secured a nearly $39 million construction loan from BHI for a new nine-story, 75-unit condominium building in Jersey City’s Hamilton Park section.

Industrial

Denholtz debuts 101,000 sq. ft. facility in Freehold, its latest industrial flex building

Denholtz Properties has completed the latest piece of its growing light industrial portfolio, unveiling a nearly 101,000-square-foot property just north of Route 33 in Freehold.

Deals

Pompton Plains, Paramus retail properties trade in deals arranged by Goldstein Group

By Joshua Burd The longtime owner of a 30,000-square-foot strip center in Pompton Plains has sold the property, in one of two newly announced deals by The Goldstein Group. The buyer, Prime Equity, paid an undisclosed price for Fireside Plaza…

Professional Services

REDCOM joins ACME Nissan to unveil new-look dealership space in South Brunswick

An auto dealership in South Brunswick has a fresh look after a recent brand upgrade and renovation spearheaded by REDCOM Design & Construction.

Retail

LMC: Retailers expect solid holiday sales, eyeing new ways to attract inflation-weary shoppers

A healthy consumer is fueling measured optimism among brick-and-mortar retailers as they prepare for the holiday shopping season to begin in earnest.