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.

Retail
Irgang adds seven tenants to Millville power center, bringing it to near full occupancy

A busy shopping center in Millville is nearing full occupancy after a series of recent leases by Irgang Group, an investment firm that acquired the property in late 2021.

Retail
Jersey City’s ‘Atlas,’ new tower in Bergen-Lafayette, more than 50 percent leased

A new 169-unit apartment tower in Jersey City is more than 50 percent leased, its developers said, touting renters’ continued interest in the resurgent Bergen-Lafayette neighborhood.

Health Care & Education
Health, wellness practice leases 1,100 sq. ft. in North Brunswick, Fennelly says

A specialty health and wellness practice has taken more than 1,100 square feet at a medical office and retail property in North Brunswick, brokers with Fennelly Associates announced.

Finance & Capital Markets
Silver Arch lends $33 million for two-acre site on Florida’s ‘Billionaire Bunker’

Silver Arch Capital Partners has closed a nearly $33 million loan in connection with a two-acre lot in the man-made island in South Florida sometimes described as Billionaire Bunker.

Government & Public Policy
Woodmont named conditional redeveloper for key parcel in downtown Haddonfield

Local officials in Haddonfield have named Woodmont Properties as the conditional redeveloper of an 8.2-acre parcel at the edge of the borough’s popular downtown.

Professional Services
Dinallo joins JLL’s New Jersey team as senior vice president

JLL has strengthened its real estate services platform in New Jersey with the addition of Nick Dinallo, an experienced development executive.

Top News
Crockett succeeds Cain as executive director of Jersey City’s Exchange Place Alliance

The Exchange Place Alliance in Jersey City has named a new executive director, tapping former Mack-Cali Realty Corp. executive Deidre Crockett for the role.

Retail
Moorestown Mall adding 13 new shops, restaurants totaling 51,000 sq. ft.

Moorestown Mall has welcomed the township’s first new liquor store in a century, one of several businesses that have opened at the revamped property in recent months.

Events
NAIOP celebrates the best in New Jersey commercial real estate, drawing 800 for 37th annual awards gala

The annual reception and networking extravaganza drew more than 800 industry leaders, as the chapter honored a series of key real estate players and transformative deals in New Jersey.

Residential & Mixed Use
Hampshire sells newly completed, 85-unit luxury rental property in Morristown

The Hampshire Cos. has sold an 85-unit apartment building in Morristown that it unveiled last year at a site near NJ Transit rail service and just west of Interstate 287.