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.

People
Woodmont bolsters construction team ahead of 300-unit Hopewell rental project

Woodmont Properties has made two additions to its construction team as it moves ahead with new developments, including a planned 300-unit multifamily property in Mercer County.

Finance & Capital Markets
G.S. Wilcox inks $15 million loan for 350,000 sq. ft. Fairfield flex campus

The owner of a 350,000-square-foot flex campus in Fairfield has closed on $15 million in financing for the property, in a deal arranged by G.S. Wilcox & Co.

Retail
Investor adds 26,000 sq. ft. Clinton shopping center for $6.2 million, Marcus says

A private investor has acquired a Walgreens-anchored shopping center in Hunterdon County for nearly $6.2 million, brokers with Marcus & Millichap announced Monday.

Retail
H Mart opens at American Dream after lease brokered by Goldstein Group, Chaus Realty

A new H Mart has opened its doors at American Dream, occupying nearly 40,000 square feet inside the massive retail and entertainment complex in East Rutherford.

Professional Services
Broker joins Zoltek Commercial Real Estate Services as senior associate

Zoltek Commercial Real Estate Services has announced the hiring of a new senior associate.

Government & Public Policy
Murphy calls for five-year phaseout of liquor license cap, tax credit for existing holders

Gov. Phil Murphy has revealed new details of a proposal to update the state’s decades-old liquor licensing program, seeking to balance new economic growth with the interests of existing operators.

Professional Services
Godun named first-ever director for sustainability at Ware Malcomb

Ware Malcomb has tapped one of its top architects in the region as its director for sustainability, a newly created position for the international design firm.

People
JLL’s Quinn promoted to director with New Jersey debt advisory team

A member of JLL’s debt advisory team in New Jersey is now a director after a recent promotion, one of several moves by the Morristown-based capital markets group.

Office
C&W: Faropoint takes 19,000 sq. ft. at Hoboken’s Waterfront Corporate Center

Real estate investment firm Faropoint will have a new home in Hoboken after leasing nearly 19,000 square feet at the Waterfront Corporate Center complex.

Retail
Produce market fills final vacancy at Burlington shopping center, Vantage Commercial says

A produce market has taken the lone vacancy at a busy Burlington shopping center, in a newly announced deal by Vantage Commercial.