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.

Hospitality & Tourism
The New Jersey Hall of Fame opens 10,000 sq. ft. learning center at American Dream

The New Jersey Hall of Fame has unveiled its new 10,000-square-foot Entertainment and Learning Center at American Dream in East Rutherford, providing a permanent home for inductees and a new addition to the sprawling retail and experience destination.

Finance & Capital Markets
Elberon lands $11 million loan for 223,000 sq. ft. Elizabeth warehouse, Wilcox says

Elberon Development Group has closed on $11 million in financing for a 223,000-square-foot warehouse in Elizabeth, in a deal arranged by G.S. Wilcox & Co.

Residential & Mixed Use
Halpern welcomes first residents to 337-unit Birch House on Jersey City’s West Side

The first renters have arrived at one of the highest-profile new luxury apartment buildings in Jersey City’s fast-growing West Side neighborhood.

Retail
Zoltek: Restaurant wanted for 8,400 sq. ft. pad site on Route 1 in West Windsor

A pad site near a recently opened, upscale hotel in West Windsor is on the market to prospective restaurant operators, according to a team with Zoltek Commercial Real Estate Services.

Finance & Capital Markets
Colony Hills, Balfour Beatty buy 296-unit Mount Laurel rental complex for $80 million

A joint venture has acquired a 14-building, 296-unit apartment complex in Mount Laurel for $79 million, according to brokers involved in the deal and a related financing transaction.

Office
JLL: ‘Premier’ office buildings still shining in New Jersey with lower vacancy, higher rents than other Class A properties

Only a third of northern and central New Jersey’s top office buildings are less than 10 years old or have been significantly improved within that span — but their owners are reaping the benefits.

Top News
Indictment against Norcross, allies details alleged pattern of extortion, political pressure behind Camden’s highest-profile development projects

A series of land deals, developers and high-profile construction projects along Camden’s waterfront are now in the spotlight after New Jersey’s attorney general announced a bombshell indictment against South Jersey power broker George Norcross and five others.

Finance & Capital Markets
Colony Hills, Balfour Beatty buy 296-unit Mount Laurel rental complex from NYL for $80 million

A joint venture has acquired a 14-building, 296-unit apartment complex in Mount Laurel for $79 million, according to brokers involved in the deal and a related financing transaction.

Government & Public Policy
Advocacy groups: Funding NJ Transit is critical to state’s economic, environmental future

As the state wrestles over a solution to address NJ Transit’s fiscal cliff, we must not lose sight of the importance of funding public transportation. For years, NJ Transit has made New Jersey a more equitable, environmentally friendly and economically competitive place to live. Our leaders must include a dedicated funding source for NJ Transit operations in the FY 2025 budget. Supporting NJ Transit ensures that hundreds of thousands of transit-dependent riders access jobs, schools and health care, which supports employers and the regional economy. 

Events
Bell Works to host annual Career Day featuring sprawling property’s office, retail tenants

The Bell Works campus in Holmdel is hosting a career fair featuring many of the tenants at the 2 million-square-foot property, having drawn some 2,000 attendees for a similar event last year.