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.

Government & Public Policy
HMFA to sell up to $500 million in state tax credits to fund affordable, workforce housing

The New Jersey Housing and Mortgage Finance Agency is launching a new tax credit program meant to spur hundreds of millions in private investment in new workforce and affordable housing production across the state.

Industrial
Tulfra unveils 797-unit Public Storage project in Jersey City

Tulfra Real Estate has taken the wraps off a new 797-unit self-storage facility in Jersey City, marking the first phase of a project at the edge of Liberty State Park.

Industrial
AY: Alcamo fills Lawrence warehouse after 111,000 sq. ft. lease with apparel company

A developer has landed a second tenant to bring nearly 262,000 square feet of new industrial space in Lawrence Township to full occupancy, brokers with Avison Young said Thursday.

Food & Beverage
Kushner inks deal with Felice to bring Italian eatery’s first N.J. location to Monmouth Square

Felice, a well-known Italian restaurant and wine bar, is coming to the new-look Monmouth Square property in Eatontown under a newly announced lease with Kushner.

Finance & Capital Markets
Bergman scores $23 million to refi 219,000 sq. ft. Rochelle Park office building, C&W says

Bergman Real Estate Group has secured a $22.5 million loan to refinance a nearly 219,000-square-foot office building in Rochelle Park, in a deal arranged by Cushman & Wakefield.

Professional Services
RRNNJ marks 35 years of client partnerships, market leadership

Commercial real estate leaders came together last week as Resource Realty of Northern New Jersey celebrated its 35th anniversary and the clients that have helped it reach the milestone.

Finance & Capital Markets
Kennedy Funding closes loan to update Central Florida senior housing

A senior housing community in Central Florida is set to be renovated with the help of a newly completed loan by Englewood-based Kennedy Funding.

Professional Services
Gilbane taps Anderson as new business leader of New Jersey office

Gilbane Building Co. has a new leader in its New Jersey office after promoting John E. Anderson III, a veteran project manager and member of its team for more than a decade.

Finance & Capital Markets
JLL: Developers land permanent financing for 67-unit Ho-Ho-Kus rental project

A joint venture has closed on permanent financing for a newly completed, 67-unit luxury apartment property in Ho-Ho-Kus, brokers with JLL announced Wednesday

Retail
Prism adds Chase, Chipotle to growing retail mix at ON3 campus

Prism Capital Partners has signed new leases to bring Chase and Chipotle to its ON3 campus in Clifton and Nutley, expanding its retail mix after the arrival of Starbucks late last year.