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.

Government & Public Policy

Suárez, new DCA chief, pledges continued partnership with NJAA as association opens its annual conference and expo

The New Jersey Apartment Association kicked off its annual conference and expo in Atlantic City with a keynote from Jacquelyn Suárez, the new head of the state’s Department of Community Affairs, who pledged to continue the agency’s strong working relationship with the multifamily industry as it looks to expand housing opportunities across New Jersey.

Finance & Capital Markets

JLL: Matrix secures $93 million loan for 782,000 sq. ft. industrial project in Mount Olive

A venture led by Matrix Development Group has landed $93 million in financing for a project that will bring more than 780,000 square feet of new industrial space to Mount Olive.

Residential & Mixed Use

Cervelli: Investor buys 28-unit West New York rental property for $4 million

A private investor has purchased a 28-unit apartment building in West New York for $3.95 million, in a deal arranged by Cervelli Real Estate and Property Management.

Professional Services

Spasov joins Community Builders as construction manager, partner

Community Builders, a new employee-owned construction firm based in Morristown, has hired Niko Spasov as a construction manager and partner.

Seagis inks Exit 12 industrial leases totaling 32,000 sq. ft., BRC says

Seagis Property Group has secured a new tenant for a 26,000-square-foot industrial building in Woodbridge, in one of two newly announced deals by Bussel Realty Corp.

Hospitality & Tourism

Sanzari kicks off multimillion-dollar plan to modernize Glenpointe Marriott

Alfred Sanzari Enterprises has launched a multimillion-dollar update of the Glenpointe Marriott, a key piece of its flagship campus in Teaneck and the site of several major industry events throughout the year.

Professional Services

Full circle: Architecture students, led by former MHS intern, visits firm for in-depth tour

MHS Architecture recently opened its doors to the next generation, welcoming some two dozen students to its Hoboken office for an in-depth look at the profession and the role of design in real estate development.

Irgang adds seven tenants to Millville power center, bringing it to near full occupancy

A busy shopping center in Millville is nearing full occupancy after a series of recent leases by Irgang Group, an investment firm that acquired the property in late 2021.

Jersey City’s ‘Atlas,’ new tower in Bergen-Lafayette, more than 50 percent leased

A new 169-unit apartment tower in Jersey City is more than 50 percent leased, its developers said, touting renters’ continued interest in the resurgent Bergen-Lafayette neighborhood.

Health Care & Education

Health, wellness practice leases 1,100 sq. ft. in North Brunswick, Fennelly says

A specialty health and wellness practice has taken more than 1,100 square feet at a medical office and retail property in North Brunswick, brokers with Fennelly Associates announced.