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
Winfield, Christie’s launch leasing at new 26-unit rental project in Morristown

Winfield Properties has taken the wraps off a new 26-unit luxury apartment building in downtown Morristown, with move-ins slated to begin this month.

Policy Page
Getting a building permit in New Jersey is about to get easier

The implications of the newly signed New Jersey Design Professional Self-Certification Act are significant. Depending on a project’s size and complexity, some permit approvals can now be made in a matter of days.

Industrial
Faropoint launches $300 million sale-leaseback fund for industrial buildings

Faropoint, the Hoboken-based industrial real estate investment manager, has launched a $300 million fund targeting sale-leaseback deals in the asset class.

Industrial
Silverman affiliate adds 49,000 sq. ft. flex industrial property in Somerset, C&W says

An affiliate of The Silverman Group has acquired a nearly 50,000-square-foot flex-industrial building in the Somerset section of Franklin, brokers with Cushman & Wakefield announced.

Office
NAI Hanson: New deals, renewals at Parsippany office building total 55,000 sq. ft.

A recycling management firm has leased more than 12,000 square feet at a Parsippany office building, in one of several newly announced deals by NAI James E. Hanson.

Residential & Mixed Use
Prism apartment, retail project in Dunellen earns New Jersey Future Smart Growth Award

Prism Capital Partners has earned one of this year’s New Jersey Future Smart Growth Awards for a redevelopment project that brought new apartments and retail space to a former industrial property in downtown Dunellen.

Industrial
BRC: Logistics firm serving spirits, hospitality sectors leases 1.42-acre site in Newark

A logistics company has leased 1.42 acres of industrial outdoor storage space just north of Newark Liberty International Airport, brokers with Bussel Realty Corp. announced Tuesday.

Industrial
STRO, KRE partner again to acquire 19,000 sq. ft. Tampa warehouse

The STRO Cos. and Kushner Real Estate Group have partnered in another out-of-state deal, acquiring a 19,000-square-foot industrial property in Tampa, Florida.

Finance & Capital Markets
JLL: Namdar eyes 588-unit Journal Square tower with $152 million financing deal

Namdar Group has snagged $152 million in construction financing for a project that will bring nearly 600 new apartments to Jersey City’s booming Journal Square neighborhood.

Industrial
West Caldwell building to become warehouse, storage hub for 85°C Bakery Café, NAIDB says

A global bakery chain has acquired a 30,00-square-foot light industrial building in West Caldwell, in a transaction arranged by NAI DiLeo-Bram & Co.