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.

Residential & Mixed Use

Cervelli: Leasing launches at new boutique Jersey City apartment building

Leasing is underway at a new 18-unit apartment building in Jersey City’s burgeoning McGinley Square section, where a developer is offering both loft-style and modern luxury rentals.

Retail

Just Salad expands in New Jersey with 2,300 sq. ft. lease in Paramus, Goldstein Group says

Fast casual chain Just Salad has found a new location on Route 17 after taking more than 2,300 square feet in Paramus, brokers with The Goldstein Group announced Monday.

Community

Mc Gowan Builders CEO gifts $25,000 to Meadowlands Y, prepares to conclude board service

Mc Gowan Builders CEO Patrick Mc Gowan has made another sizable gift to the Meadowlands Area YMCA, donating $25,000 to the organization as he prepares to step down from its board.

Remembering Jim Garibaldi, longtime CEO of fourth-generation brokerage firm

James J. Garibaldi, a prominent commercial real estate broker in New Jersey who spent 23 years as CEO of The Garibaldi Group in Chatham, has died at age 72.

Finance & Capital Markets

Ridgecut, Marcus Partners ink $9 million refi for South Plainfield industrial parcel, C&W says

A joint venture has secured nearly $9 million in financing for an industrial outdoor storage property in South Plainfield, in a deal arranged by Cushman & Wakefield.

Professional Services

JLL taps ex-Savills Studley chief Colacino as president for tristate brokerage

JLL has welcomed veteran commercial real estate executive Michael Colacino as its president for tristate brokerage.

Retail

LMC survey: Retailers show measured optimism, expect modest growth this holiday season

Retailers are cautiously optimistic about this year’s holiday shopping season, with many expecting modest growth and that sales would peak before Thanksgiving and Black Friday.

Industrial

Petrucci breaks ground on 107,000 sq. ft. industrial building off I-295 in Salem County

J.G. Petrucci Co. Inc. has broken ground on its latest industrial project in South Jersey, a 107,000-square-foot facility just north of Interstate 295 in Salem County.

Finance & Capital Markets

JLL sources $50 million loan for new 177-unit Clark rental property

The developer of a newly built, 177-unit luxury apartment property in Clark has secured nearly $50 million in financing for the asset, in a deal arranged by JLL.

Industrial

NAI Hanson: Magnetic materials company signs 13,000 sq. ft. renewal in Mahwah

A firm that specializes in magnetic materials has renewed its lease in Mahwah, where it occupies more than 13,000 square feet of industrial flex space near Route 17.