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
Journal Square development site fetches $6.25 million, eXp Realty says

An active developer has purchased a vacant parcel in Jersey City’s booming Journal Square neighborhood for $6.25 million, according to a brokerage team with eXp Realty.

Education
Center for adults with special needs sells 33,000 sq. ft. building, finds new home in South Jersey

An education user has sold a 33,000-square-foot building in Moorestown and leased a new space just miles away, in a set of transactions arranged by Rose Commercial Real Estate.

Residential & Mixed Use
Walters opens lottery, eyes January move-ins for new affordable housing in Hainesport

Walters has opened the affordable housing lottery for a new 72-unit rental property in the Burlington County township of Hainesport, the developer announced Tuesday.

Education
Industry meets education: Rutgers Center for Real Estate marks 10 years of growth, with more to come as program leaders look to the future

The Rutgers Center for Real Estate is marking its 10th anniversary, providing a chance for the program’s leaders to reflect on its growth and what’s still to come.

Finance & Capital Markets
W&D: Namdar Group lands $220 million bridge loan for 576-unit Journal Square project

Namdar Group has snagged a $220 million bridge loan for a new 576-unit luxury apartment building in Jersey City, brokers with Walker & Dunlop announced Monday.

Top News
Giordano, Halleran & Ciesla mourns loss of real estate, litigation attorney Adam Garcia

Adam Garcia, a shareholder with Giordano, Halleran & Ciesla PC whom the firm recalled as a dedicated and talented real estate attorney, has died at age 37.

Residential & Mixed Use
Axial Partners sells 68-unit Jersey City rental portfolio for $13.8 million, Hudson Atlantic says

A real estate investment firm has sold a two-building, 68-unit apartment portfolio in Jersey City for $13.8 million, in a newly announced deal by Hudson Atlantic Realty.

Professional Services
Gensler promotes Ellis, interior design expert, to director of workplace consulting studio

Gensler has promoted Jennifer Ellis to director with its Strategy Studio, a practice that guides clients through major changes to their organizations and workplaces.

Residential & Mixed Use
Westminster Management lands in top 25 in online reputation ranking for multifamily sector

Westminster Management has earned a place in the top 25 in an annual ranking published by an influential industry group.

Government & Public Policy
East Orange project with 420 rentals, commercial space lands $298 million Aspire award

The next phase of a massive redevelopment in East Orange is one step closer to breaking ground with the help of a nearly $298 million tax credit award under the state’s Aspire program.