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.

Top News
Jeffrey Wiener, former Kislak president and leading N.J. multifamily broker, dies at 75

Jeffrey Wiener, a revered, highly successful broker who spent nearly five decades with The Kislak Co. Inc., including 17 years as its president, has died after a long illness. He was 75.

Office
Newmark: Hackensack Meridian leases 50,000 sq. ft. at Red Bank’s new-look River Centre

Hackensack Meridian Health has taken 50,000 square feet at a revitalized office campus in Red Bank, topping a list of newly announced deals by the property’s leasing team.

Finance & Capital Markets
Cannon Hill, Hampshire land $20 million refi for 82-unit Hackensack rental project

Cannon Hill Capital Partners and The Hampshire Cos. have closed on a $20.1 million refinance for a luxury apartment building in Hackensack, brokers with Cushman & Wakefield announced.

Retail
Mediterranean restaurant adds fourth location with new lease in Somerville, Deluccia says

A restaurant operator is expanding to downtown Somerville, where it’s leasing 6,300 square feet by way of a deal arranged by Deluccia Commercial Group.

Finance & Capital Markets
Luxury senior housing project in Nutley scores $29 million construction loan, JLL says

A developer has secured a nearly $30 million construction loan for an 85-unit, age-restricted residential project in Nutley, brokers with JLL announced Thursday.

Industrial
Crow Holdings, BroadRange ink 480,000 sq. ft. deal to lease up new Carteret logistics campus

Crow Holdings Development has secured a full-building, 480,000-square-foot lease in Carteret to bring a new 1.2 million-square-foot industrial campus to full occupancy.

Office
Law firm Davison Eastman takes 14,000 sq. ft. in new Freehold office deal, JLL says

A law firm is changing addresses in Freehold after agreeing to lease nearly 14,000 square feet at an adjacent building along Route 33, according to a brokerage team with JLL.

Residential & Mixed Use
Kislak: West Long Branch parcel slated for high-end homes fetches $5.8 million

A development site that could bring new multimillion-dollar homes to West Long Branch has changed hands for $5.8 million, brokers with The Kislak Co. Inc. announced Wednesday.

Industrial
BRC fills 16,000 sq. ft. Garwood industrial building with two new leases

The owner of a 16,000-square-foot industrial building in Garwood has secured two tenants for the property, in a set of newly announced deals by Bussel Realty Corp.

Office
Gellman Images moves to Wall Township, eyeing continued growth at Jersey Shore

Gellman Images has found a new home in Monmouth County, announcing a move to Wall Township with visions of continued growth at the Jersey Shore.