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
Clarion, MRP detail 500-unit residential phase at ex-Burlington Center Mall site

Construction is set to begin on 500 new apartments that will mark another key piece of a plan to redevelop the long-vacant Burlington Center Mall property in Burlington Township.

Professional Services
Lindabury adds Bier as partner in banking, real estate groups

Veteran attorney Rick Bier has joined Lindabury, McCormick, Estabrook & Cooper PC as a partner in its banking and financial services and real estate, land use and zoning practice groups.

Retail
Urban Edge leases 4,300 sq. ft. in Watchung for new Ethan Allen store

Furniture chain Ethan Allen has signed a new lease with Urban Edge Properties, with plans to open a store and showroom at a Route 22 shopping center in Watchung.

Office
Accordia named third-party manager of three medical office buildings in Montvale

Accordia has added to its third-party management portfolio with new assignments at a trio of medical office buildings in Montvale.

Residential & Mixed Use
Value Cos. tapped to manage Connecticut rental property, expanding out-of-state footprint

Value Cos. is expanding its footprint in the region with a new management assignment at a 172-unit multifamily property in southeastern Connecticut.

Events
Petrucci welcomes more than 100, honors professionals for annual Leadership Awards Dinner (SLIDESHOW)

J.G. Petrucci Co. Inc. continued an annual tradition recently as it honored brokers, engineers and other professionals involved in its transactions and construction projects in 2023.

Industrial
LEG kicks off 204,000 sq. ft. warehouse project in long-awaited redevelopment in Belleville

Lincoln Equities Group has broken ground on a project that will bring more than 200,000 square feet of high-end warehouse space to Belleville, adding new supply to a growing submarket while revitalizing a blighted and long-contaminated site along Route 21.

Finance & Capital Markets
PEEK, Circle Squared land $21 million financing deal for 102-unit Orange rental project

PEEK Properties and Circle Squared Alternative Investments have snagged $20.5 million in financing for a planned 102-unit multifamily development in Orange, the firms announced.

Professional Services
Corporate acquisitions specialist O’Connor joins Resource Realty of Northern New Jersey

Resource Realty of Northern New Jersey has welcomed Blair O’Connor, a seasoned acquisitions executive, as a vice president in its Parsippany headquarters.

Community
NAI DiLeo-Bram, DiLeo Family Foundation to be honored by State Theatre New Jersey

NAI DiLeo-Bram & Co. and the DiLeo Family Foundation will be among this year’s honorees at an upcoming fundraiser hosted by the State Theatre New Jersey in New Brunswick.