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
Namdar Group lands $32 million loan for multiple Journal Square projects, HKS says

A new project by Namdar Group would bring 1,151 apartments, 5,000 square feet of retail space and 26,000 square feet of office space to a 47-story tower on Lott Street in Jersey City. — Rendering courtesy: HKS Real Estate Advisors

Industrial
Blau & Berg: US Logistics Group expands by 48,000 sq. ft. at Elizabeth industrial property

A global freight forwarder is now a full-building tenant at an Elizabeth industrial property, having added more than 48,000 square feet under a deal arranged by The Blau & Berg Co.

Professional Services
Kislak recognizes top deals, performances of 2024 at annual sales awards

The Kislak Co. Inc. is celebrating four of its brokers for their achievements in 2024, touting their roles in the firm’s $500 million in overall sale and lease transactions for the year.

Retail
TFE acquires 7,000 sq. ft. former bank building in East Windsor

TFE Properties has expanded its holdings in its hometown of East Windsor, acquiring a 7,000-square-foot former bank building on a key corridor in the township.

Retail
Goldstein Group, Equity Retail broker trade of Wells Fargo branch in Gloucester County

The site of a Wells Fargo bank branch in Gloucester County has changed hands for an undisclosed price, brokers with The Goldstein Group announced Monday.

Government & Public Policy
Perth Amboy approves Kushner plan for 602 rentals, public amenities along city’s waterfront

Kushner and city officials in Perth Amboy have taken a key step in a plan to bring more than 600 apartments and retail space to a nearly 16-acre stretch along the Arthur Kill waterfront.

Industrial
Blau & Berg: East West Hauling signs 49,000 sq. ft. lease at Harrison truck terminal

A logistics and transportation firm has leased more than 49,000 square feet at a trucking terminal in Harrison, in a newly announced deal by The Blau & Berg Co.

Finance & Capital Markets
BankUnited inks $50 million in loans for KPR shopping center deals in Voorhees, Monroe

BankUnited Inc. has closed on two loans totaling nearly $50 million to allow KPR Centers to acquire a New Jersey shopping center and refinance a second in the borrower’s portfolio.

Finance & Capital Markets
Office-to-residential project with 40 units in Newark refis for $11 million, Eastern Union says

A developer has secured nearly $11 million in financing for a project that will convert an office building in Newark into 40 apartments, tenant amenities and commercial space.

Top News
Remembering Justin Gingeleskie, KRE Group’s longtime director of leasing, ‘a kind person and a true gentleman’

KRE Group and the Kushner family are mourning the loss of Justin Gingeleskie, its longtime director of leasing and a highly respected member of the state’s commercial real estate industry.