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.

Community
Local leaders, donors break ground on new Bergen County history museum

Construction is underway on a new museum that will showcase Bergen County’s storied history, part of a multiphase project that could also include a pavilion and expanded exhibit spaces.

Finance & Capital Markets
S3 Capital lends $255 million for first phase of long-awaited, 1,200-unit Edgewater project

The Maxal Group has closed on a $255 million construction loan for a planned 25-story, 381-unit apartment tower at a long-vacant and well-known parcel along the Hudson River in Edgewater.

Government & Public Policy
Ciattarelli, Sherrill touch on housing affordability in addresses to NJ Realtors, NJBA

New Jersey’s two gubernatorial hopefuls hit on familiar but critical issues last week as they spoke directly to more than 300 professionals involved in building and selling homes in the state.

Government & Public Policy
HMFA to sell up to $500 million in state tax credits to fund affordable, workforce housing

The New Jersey Housing and Mortgage Finance Agency is launching a new tax credit program meant to spur hundreds of millions in private investment in new workforce and affordable housing production across the state.

Industrial
Tulfra unveils 797-unit Public Storage project in Jersey City

Tulfra Real Estate has taken the wraps off a new 797-unit self-storage facility in Jersey City, marking the first phase of a project at the edge of Liberty State Park.

Industrial
AY: Alcamo fills Lawrence warehouse after 111,000 sq. ft. lease with apparel company

A developer has landed a second tenant to bring nearly 262,000 square feet of new industrial space in Lawrence Township to full occupancy, brokers with Avison Young said Thursday.

Food & Beverage
Kushner inks deal with Felice to bring Italian eatery’s first N.J. location to Monmouth Square

Felice, a well-known Italian restaurant and wine bar, is coming to the new-look Monmouth Square property in Eatontown under a newly announced lease with Kushner.

Finance & Capital Markets
Bergman scores $23 million to refi 219,000 sq. ft. Rochelle Park office building, C&W says

Bergman Real Estate Group has secured a $22.5 million loan to refinance a nearly 219,000-square-foot office building in Rochelle Park, in a deal arranged by Cushman & Wakefield.

Professional Services
RRNNJ marks 35 years of client partnerships, market leadership

Commercial real estate leaders came together last week as Resource Realty of Northern New Jersey celebrated its 35th anniversary and the clients that have helped it reach the milestone.

Finance & Capital Markets
Kennedy Funding closes loan to update Central Florida senior housing

A senior housing community in Central Florida is set to be renovated with the help of a newly completed loan by Englewood-based Kennedy Funding.