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
Randolph, Flanders industrial buildings see 15,000 sq. ft. in leasing activity, RRNNJ says

An industrial user has taken 7,800 square feet at a recently updated building in Randolph, in the largest of three newly announced deals by Resource Realty of Northern New Jersey.

Finance & Capital Markets
G.S. Wilcox: New Jersey firm lands $18.9 million in financing for Southeast retail properties

The owner of two grocery-anchored retail properties outside New Jersey has scored a combined $18.9 million in financing for the assets, in a set of deals arranged by G.S. Wilcox & Co.

Retail
Norman’s Hallmark opens 4,900 sq. ft. Woodbridge store, expanding to coveted retail market

Norman’s Hallmark is marking its latest expansion in the Garden State, debuting a new store at the Cloverleaf Shopping Center in the Avenel section of Woodbridge.

Government & Public Policy
A fitting transition: Tantleff assumes new role as chair of Builders Political Action Committee

Fresh off two terms as chair of the New Jersey Builders Association, Deb Tantleff has taken the reins of the influential Builders Political Action Committee. And while the organizations are distinct and functionally different, it’s undoubtedly a natural transition to a role that hinges on relationships in Trenton and on raising funds to support pro-housing candidates.

Top News
Bridge Industrial rebrands as Kurv Industrial to reflect changing market, operating platform

Bridge Industrial is now Kurv Industrial, a change meant to capture the firm’s evolution and the growth of a platform that includes substantial holdings in New Jersey.

Professional Services
Rock Brook joins Salas O’Brien, marking new chapter for Monroe-based engineering firm

Rock Brook, one of New Jersey’s top engineering firms and a key player in several major asset classes, has joined Salas O’Brien under a merger announced last week.

Finance & Capital Markets
C&W: Sagard, Woodmont snag $56 million loan for 278,000 sq. ft. Rahway industrial project

A joint venture has landed a $56 million construction loan for a project that will bring nearly 278,000 square feet of new high-end warehouse space to Rahway.

Technology
Russo inks 250,000 sq. ft. lease to fill established data center in Carlstadt, Cresa says

Russo Development has secured a new tenant for a nearly 250,000-square-foot data center property in Carlstadt, according to a brokerage team with Cresa.

Industrial
Doors and Spaces’ Whitmer to join developer panel for sold-out ‘Small Bay Summit’ in Atlanta

A new conference series is taking shape with the help of Doors and Spaces Industrial, the Morristown-based firm cofounded by commercial real estate veteran Brian Whitmer.

Industrial
Marcus: Investors buy fully approved site for 1,200-unit self-storage project in Ridgefield

An investment group has acquired a Bergen County development site with approvals in place for more than 1,200 new self-storage units, in a deal arranged by Marcus & Millichap.