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
Newark Alliance unites three city organizations to expand key growth initiatives

Three of Newark’s key economic development organizations have come together in a move to further their missions while streamlining their efforts to enhance the state’s largest city.

Residential & Mixed Use
Developer buys would-be residential site in Union City for $2.6 million, Marcus says

A residential development site in Union City has changed hands for more than $2.6 million, according to a brokerage team with Marcus & Millichap.

Residential & Mixed Use
Developers break ground on 230-unit Watchung rental project just west of Route 22

A joint venture has closed on the site of a planned six-building, $104 million project that will bring 230 luxury apartments to Watchung, where construction is now underway.

Industrial
Longtime broker, development executive Beyda joins Newmark after five years with Woodmont

Newmark has made a key addition to its New Jersey brokerage team, hiring Steven Beyda as an executive managing director with its Industrial Advisory Group.

Finance & Capital Markets
Kaplan snags $36 million construction loan for 142-unit Sayreville rental project, JLL says

Kaplan Cos. has secured a $36 million construction loan for a planned six-building, 142-unit multifamily project in Sayreville, in a newly announced deal by JLL.

Residential & Mixed Use
Berkadia lists fully approved development site for 172 luxury rentals in Fort Lee

A private family office is looking to sell a Fort Lee development site with approvals in place for a 172-unit luxury residential project, tapping Berkadia as its listing team for the property.

Industrial
Truck repair shop takes 5,200 sq. ft. in Bound Brook industrial deal, Sheldon Gross says

A commercial truck repair business has leased nearly 5,200 square feet of industrial space in Bound Brook, according to a brokerage team with Sheldon Gross Realty.

Residential & Mixed Use
Veerman: Family sells 24-unit Bayonne rental property for $4.4 million

The longtime owners of a 24-unit apartment building in Bayonne have sold the property for $4.4 million, according to a brokerage team with Veerman Asset Management.

Residential & Mixed Use
Sage: Woodmont sells 120-unit Warren County rental property for $43 million

Woodmont Properties has reaped nearly $43 million from its sale of a new 120-unit luxury rental community outside Hackettstown, brokers with Sage Investment Real Estate Advisors said.

Office
Glenpointe office campus nears full occupancy after strong multiyear leasing campaign

Alfred Sanzari Enterprises is nearing a milestone at its landmark Glenpointe campus in Teaneck, announcing Monday that its 670,000 square feet of office space is almost fully leased.