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
MORDEVCO breaks ground on 334-unit rental project at key site in downtown Linden

Construction is underway on a new mixed-use project that will bring 334 apartments to downtown Linden, in what will be another addition to the city’s luxury housing stock.

Retail
P3 Properties sells Galloway retail center for $13.7 million, C&W says

P3 Properties has sold a nearly 107,000-square-foot retail property in the Atlantic County township of Galloway, brokers with Cushman & Wakefield announced Friday.

Government & Public Policy
EDA eyes $10 million grant program to support small businesses buying liquor licenses

State officials are developing a new grant program that would help small businesses defray the cost of a liquor license purchased under a landmark law enacted earlier this year.

Retail
TFE adds three-building, 93,000 sq. ft. retail property in Fair Lawn, in JLL-brokered deal

TFE Properties has expanded to Bergen County with its purchase of nearly 93,000 square feet of retail space on a 6.3-acre site in Fair Lawn, in a deal arranged by JLL.

Office
WCRE: Cherry Hill office building sold in deal with end-user

A private user has purchased a 20,000-square-foot office building in Cherry Hill, in a newly announced deal by Wolf Commercial Real Estate.

Government & Public Policy
Scutari, acting governor, signs law to allow self-certification of construction documents

Commercial real estate leaders are cheering a newly enacted state law that will allow architects and engineers to self-certify applications for construction permits and other documents, touting it as another step toward streamlining development and cutting red tape.

Finance & Capital Markets
JLL: Tulfra lands $44 million, five-year loan for new 160-unit rental property in Rochelle Park

Tulfra Real Estate has secured $44 million in financing for its newly built, 160-unit luxury apartment building in Rochelle Park, brokers with JLL announced Thursday.

Retail
FNRP adds 88,000 sq. ft. ShopRite-anchored center in Ocean County

First National Realty Partners has acquired a nearly 88,000-square-foot, grocery-anchored shopping center in the Waretown section of Ocean Township.

Residential & Mixed Use
Walters eyes Q4 delivery, launches affordable housing lottery for 63-unit Chatham project

A new 63-unit, income-restricted apartment property in Chatham is one step closer to opening with the start of an affordable housing lottery at the complex.

Retail
Glassboro carwash, laundry business trades in off-market deal, Vantage Commercial says

A carwash and laundry business near Rowan University in Glassboro has changed hands for an undisclosed sum, in a newly announced deal by Vantage Commercial.