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.

Finance & Capital Markets
JLL: Matrix secures $93 million loan for 782,000 sq. ft. industrial project in Mount Olive

A venture led by Matrix Development Group has landed $93 million in financing for a project that will bring more than 780,000 square feet of new industrial space to Mount Olive.

Residential & Mixed Use
Cervelli: Investor buys 28-unit West New York rental property for $4 million

A private investor has purchased a 28-unit apartment building in West New York for $3.95 million, in a deal arranged by Cervelli Real Estate and Property Management.

Professional Services
Spasov joins Community Builders as construction manager, partner

Community Builders, a new employee-owned construction firm based in Morristown, has hired Niko Spasov as a construction manager and partner.

Industrial
Seagis inks Exit 12 industrial leases totaling 32,000 sq. ft., BRC says

Seagis Property Group has secured a new tenant for a 26,000-square-foot industrial building in Woodbridge, in one of two newly announced deals by Bussel Realty Corp.

Hospitality & Tourism
Sanzari kicks off multimillion-dollar plan to modernize Glenpointe Marriott

Alfred Sanzari Enterprises has launched a multimillion-dollar update of the Glenpointe Marriott, a key piece of its flagship campus in Teaneck and the site of several major industry events throughout the year.

Professional Services
Full circle: Architecture students, led by former MHS intern, visits firm for in-depth tour

MHS Architecture recently opened its doors to the next generation, welcoming some two dozen students to its Hoboken office for an in-depth look at the profession and the role of design in real estate development.

Retail
Irgang adds seven tenants to Millville power center, bringing it to near full occupancy

A busy shopping center in Millville is nearing full occupancy after a series of recent leases by Irgang Group, an investment firm that acquired the property in late 2021.

Retail
Jersey City’s ‘Atlas,’ new tower in Bergen-Lafayette, more than 50 percent leased

A new 169-unit apartment tower in Jersey City is more than 50 percent leased, its developers said, touting renters’ continued interest in the resurgent Bergen-Lafayette neighborhood.

Health Care & Education
Health, wellness practice leases 1,100 sq. ft. in North Brunswick, Fennelly says

A specialty health and wellness practice has taken more than 1,100 square feet at a medical office and retail property in North Brunswick, brokers with Fennelly Associates announced.

Finance & Capital Markets
Silver Arch lends $33 million for two-acre site on Florida’s ‘Billionaire Bunker’

Silver Arch Capital Partners has closed a nearly $33 million loan in connection with a two-acre lot in the man-made island in South Florida sometimes described as Billionaire Bunker.