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
Edward Jones, T-Mobile coming to Larken’s Village at Hawk Pointe in Warren County

Larken Associates is welcoming two new retail tenants to a mixed-use property in Warren County, having secured leases with Edward Jones and T-Mobile.

Retail
Kislak brokers sale of 156,000 sq. ft. retail center in Harrisburg for $4.6 million

The longtime owner of a shopping center in Harrisburg, Pennsylvania, has sold the property for $4.6 million, in a deal arranged by The Kislak Co. Inc.

Residential & Mixed Use
Hudson Capital Properties sells 288-unit North Bergen rental community, CBRE says

Hudson Capital Properties has sold a six-building, 288-unit apartment property in North Bergen, in a newly announced deal by CBRE.

Government & Public Policy
Gutierrez-Scaccetti to NAIOP: Warehouse fee would fund much-needed truck traffic planning

Business groups have lined up against Gov. Phil Murphy’s proposal to charge a fee on warehouses for each truck they receive, but a top state official said the levy is needed to address a chronic lack of traffic planning around new industrial developments.

Residential & Mixed Use
BNE launches leasing at 400 rentals in West Orange, bringing new life to ex-office property

BNE Real Estate Group has taken the wraps off more than 400 luxury apartments as part of a sprawling redevelopment project in West Orange.

Residential & Mixed Use
HVPG details newly completed, $71 million rehab of Jersey City senior housing property

Hudson Valley Property Group has completed a $71 million acquisition, preservation and renovation project at a 283-unit senior housing tower in Jersey City’s Journal Square neighborhood.

Professional Services
Alban Construction promotes Shaw to senior project manager

Alban Construction LLC has elevated Tim Shaw to senior project manager, the Newark-based firm announced.

Professional Services
Veteran health care real estate broker Kretowicz joins WCRE as executive vice president

Wolf Commercial Real Estate has bolstered its presence in health care with the addition of veteran broker and industry specialist Kim Kretowicz.

Government & Public Policy
Bill to create new affordable housing framework clears state Senate, heads to Murphy’s desk

The next chapter of affordable housing in New Jersey is now in Gov. Phil Murphy’s hands, following the state Senate’s passage of a bill to revamp how officials calculate and enforce each town’s obligations under the landmark Mount Laurel doctrine.

Professional Services
MSW adds Capasso, Forrest as construction law and litigation group co-chairs

Murphy Schiller & Wilkes LLP has named two new partners in key roles, adding Anthony D. Capasso and R. Brant Forrest as co-chairs of its construction law and litigation practice groups.