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.

Residential & Mixed Use
Vango breaks ground on 86-unit luxury rental project in East Rutherford

Vango Development is set to expand its footprint in Bergen County after breaking ground on a new 86-unit luxury apartment building in East Rutherford, the firm announced Monday.

Finance & Capital Markets
STRO refis 115,000 sq. ft. Wyckoff industrial building for $14.5 million, JLL says

The STRO Cos. has closed on a $14.5 million loan to refinance more than 115,000 square feet of industrial space in Wyckoff, brokers with JLL announced Monday.

Office
CBRE: LeFrak, insurance firm ink 34,000 sq. ft. deal to lead new office leases at Newport

An insurance firm has taken nearly 34,000 square feet of office space in Jersey City’s Newport district, in the largest of five newly announced leases in the area by brokers with CBRE.

Retail
JRM completes buildout of high-end TimeVallée watch boutique at American Dream (SLIDESHOW)

Luxury watch retailer TimeVallée has opened a new store at American Dream in East Rutherford, its first North American location, after a buildout by JRM Construction Management.

Retail
Bojangles opens on Piscataway’s Stelton Road after Goldstein Group transaction

Restaurant chain Bojangles has opened along a major commercial corridor in Piscataway as part of a previously announced deal brokered by The Goldstein Group.

Residential & Mixed Use
Black Bear, Bettina join Echevarria for $125 million development venture in Hudson County

Investors have acquired three multifamily development sites in Hudson County as part of a new venture that plans to spend up to $125 million on new apartment projects in the region.

Events
Ten finalists vying for NAIOP N.J. Deal of the Year honors, as chapter hits 90 percent sold mark for must-attend gala

Nearly a dozen transactions and projects will take center stage next week as contenders for NAIOP New Jersey’s Deal of the Year awards, as the organization prepares for what’s poised to be another sellout for its annual Commercial Real Estate Awards Gala.

Office
JLL stays on as leasing agent after Signature buys 464,000 sq. ft. Secaucus office building

Signature Acquisitions has retained JLL as the leasing team at 500 Plaza Drive in Secaucus after its recent acquisition of the 464,000-square-foot office building.

Finance & Capital Markets
Kennedy Funding inks $1.7 million land loan to support 69-unit townhome project near Dallas

Kennedy Funding has closed on a $1.66 million land loan to a developer seeking to build 69 townhomes outside Dallas, the Englewood-based firm announced last week.

Top News
Paterson’s Art Factory, long eyed for adaptive reuse potential, back on the market for sale after acquisition by Procida

The historic Art Factory complex in Paterson is on the market for sale, as investors and city officials seek a buyer to help achieve a long-awaited redevelopment plan for the site.