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
K-Beauty Ave. joining Urban Edge’s Bergen Town Center in Paramus

Urban Edge Properties has added a Korean cosmetics business as a tenant at Bergen Town Center, the real estate investment trust announced Monday.

Office
Riker Danzig moving to Madison, plans to leave longtime headquarters in Morristown in 2025

Riker Danzig LLP is leaving its longtime home in downtown Morristown, with plans to open a modern, technology-rich headquarters at Madison’s Giralda Farms campus.

Residential & Mixed Use
TAY Investments, Jersey City officials kick off 202-unit West Side rental project

TAY Investments has broken ground on a project that will add more than 200 apartments and commercial space to Jersey City’s fast-growing West Side neighborhood.

Professional Services
PREMIER’s Hoermann retires as senior vice president, director of construction in Northeast

PREMIER Design + Build Group has announced the retirement of Karl Hoermann, its senior vice president and director of construction for the Northeast division.

Finance & Capital Markets
JLL: Nuveen closes $115 million refi for New Jersey, New York self-storage portfolio

Nuveen Real Estate has provided a $115 million loan to refinance a portfolio of nine self-storage facilities across the tristate region, brokers with JLL announced Friday.

Deals
NAIDB: Investor buys 3,600 sq. ft. retail property in downtown Red Bank

A private investor has acquired a well-known, 3,600-square-foot retail property in downtown Red Bank, in a newly announced deal by NAI DiLeo-Bram & Co.

Finance & Capital Markets
Asset Based Lending opens Cherry Hill office as second headquarters

Privately held Asset Based Lending has expanded its presence in New Jersey with the opening of an office in Cherry Hill, part of a wave of growth in several key U.S. markets.

Residential & Mixed Use
Hampshire adds to Hackensack rental portfolio with debut of 271-unit project (SLIDESHOW)

The Hampshire Cos. has opened the doors to a new 271-unit luxury apartment building in Hackensack, marking the latest addition to its fast-growing rental portfolio in the city.

Finance & Capital Markets
JLL: BLP inks $10.3 million construction loan for 76,000 sq. ft. Somerset warehouse project

Bridge Logistics Properties has obtained $10.3 million in construction financing for more than 76,000 square feet of new speculative warehouse space in the Somerset section of Franklin.

Industrial
Velocity taps Redican as CFO, Mortimer as senior vice president for asset management

Velocity Venture Partners has appointed William Redican as chief financial officer and Michael Mortimer as senior vice president for asset management, the company announced.