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.

People
REDCOM taps construction accounting veteran Sanchez as controller

REDCOM has hired Carlos Sanchez Jr. as its controller, the Westfield-based engineering, architecture and construction firm announced last week.

Top News
Larken Associates touts 943,000 sq. ft. in new commercial leases, renewals in 2023

Larken Associates has started 2024 with near full occupancy after a year in which it completed more than 420 commercial real estate transactions comprising nearly 943,000 square feet.

Finance & Capital Markets
Northwind closes $70 million construction loan to 209-unit Journal Square rental project

A developer has landed a $70 million construction loan to complete a new 209-unit apartment tower in Jersey City’s resurgent Journal Square section.

People
Devli adds Lebron, Tejada to spearhead development team

Devli Real Estate has hired Edwin Lebron and Jefferson Tejada to lead development initiatives for its Wallington-based team.

Office
JLL: Dodge Foundation takes 9,200 sq. ft. at Fidelco’s new-look 550 Broad in Newark

The nonprofit Geraldine R. Dodge Foundation has leased nearly 9,200 square feet at a well-known office building in downtown Newark, in a newly announced deal by JLL.

Retail
Bennett Realty & Development hires Lenaz as retail leasing specialist

Longtime retail broker Bill Lenaz has joined Bennett Realty & Development, marking the latest addition to the Holmdel-based firm’s fast-growing team.

Retail
LMC inks 1,300 sq. ft. deal to bring martial arts studio to Long Island shopping center

A martial arts studio has leased more than 1,300 square feet at a shopping center in New York’s Suffolk County, in a deal arranged by Levin Management Corp.

Professional Services
Sacramone, former HLW New Jersey leader, joins JLL brokerage team

JLL has bolstered its New Jersey brokerage team with the addition of Kimberly Sacramone, an accomplished workplace expert with more than three decades of industry experience.

Office
Newmark: Woodbridge office park thriving with 143,000 sq. ft. in leasing since late 2022

A private equity firm is reaping the benefits of upgrading a Woodbridge office campus, where it has secured more than 140,000 square feet of leasing activity since late 2022.

Professional Services
Franco, Ganas join Lee & Associates New Jersey as senior vice presidents

Lee & Associates New Jersey has hired seasoned brokers Monica Franco and Claudia Ganas as senior vice presidents in its Edison office.