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.

Industrial
CoreOne adds to South Jersey portfolio with 2.2-acre industrial parcel in Pennsauken

CoreOne Industrial LLC has acquired a vacant industrial outdoor property in Pennsauken that it’s now set to renovate as part of a plan to secure a new tenant.

Industrial
Seagis inks two leases to fill new 178,000 sq. ft. warehouse development in Newark

Seagis Property Group has leased up a newly delivered warehouse facility along Route 21 in Newark after completing two deals totaling nearly 180,000 square feet.

Finance & Capital Markets
Madison Realty, Taurasi ink $97 million construction loan for Hoboken condo project

A developer has snagged a $97 million construction loan for its plan to create 110 upscale, loft-style condominiums at what’s currently an industrial building in southwest Hoboken.

Office
Home improvement firm leases 4,300 sq. ft. in Bridgewater office deal, Deluccia says

A home improvement business has taken nearly 4,300 square feet at a Bridgewater office building, in a newly announced deal by Deluccia Commercial Group.

Retail
LMC: Italian eatery opens inside 2,100 sq. ft. at Newark’s Springfield Avenue Marketplace

A new pizzeria and Italian restaurant has opened its doors at Newark’s Springfield Avenue Marketplace, according to a leasing team with Levin Management Corp.

Government & Public Policy
Morristown, Silverman Group reach $5.5 million settlement in lawsuit over scuttled Deloitte deal

Morristown will pay $5.5 million to settle a lawsuit with the Silverman Group after the developer alleged the mayor thwarted a deal to bring Deloitte LLP to one of its properties, instead steering the accounting giant to its eventual home at the M Station campus.

Industrial
Kenilworth, Somerset industrial leases among newest deals by NAI DiLeo-Bram

A fabric manufacturer has leased 42,000 square feet of industrial space in Kenilworth, in one of two newly announced deals by NAI DiLeo-Bram & Co.

Government & Public Policy
New affordable, supportive housing taking shape near hospitals with help of HMFA program

The first projects have arrived under a state program aimed at creating affordable and supportive housing near hospitals — providing shelter and other services while reducing the burden on local health care institutions — as officials eye continued growth for the program.

Residential & Mixed Use
Value Cos. welcomes Mirman as executive vice president

Matthew Mirman has joined Value Cos. as an executive vice president, with a focus on business development and strategic planning for the Clifton-based apartment owner.

Residential & Mixed Use
RHO Residential marks five years since founding, touting record growth year for North Jersey property management business

Property management firm RHO Residential is seeing its best year of growth as it marks the fifth anniversary of its founding, as it looks to execute leasing at five new North Jersey apartment properties totaling more than 600 units by midyear.