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
Scutari, acting governor, signs law to allow self-certification of construction documents

Commercial real estate leaders are cheering a newly enacted state law that will allow architects and engineers to self-certify applications for construction permits and other documents, touting it as another step toward streamlining development and cutting red tape.

Finance & Capital Markets
JLL: Tulfra lands $44 million, five-year loan for new 160-unit rental property in Rochelle Park

Tulfra Real Estate has secured $44 million in financing for its newly built, 160-unit luxury apartment building in Rochelle Park, brokers with JLL announced Thursday.

Retail
FNRP adds 88,000 sq. ft. ShopRite-anchored center in Ocean County

First National Realty Partners has acquired a nearly 88,000-square-foot, grocery-anchored shopping center in the Waretown section of Ocean Township.

Residential & Mixed Use
Walters eyes Q4 delivery, launches affordable housing lottery for 63-unit Chatham project

A new 63-unit, income-restricted apartment property in Chatham is one step closer to opening with the start of an affordable housing lottery at the complex.

Retail
Glassboro carwash, laundry business trades in off-market deal, Vantage Commercial says

A carwash and laundry business near Rowan University in Glassboro has changed hands for an undisclosed sum, in a newly announced deal by Vantage Commercial.

Industrial
New 380,000 sq. ft. cold storage warehouse coming to ex-Novartis site in East Hanover

By Joshua Burd A cold storage developer has announced plans for a new 380,000-square-foot temperature-controlled warehouse at a former piece of the Novartis Corp. campus in East Hanover. The operator, RealCold, said it was partnering with site owners Onyx Equities…

Residential & Mixed Use
Hampshire, Pinnacle join Circle Squared to debut 40-unit Montclair rental property

A joint venture has opened a new 40-unit luxury apartment building in downtown Montclair, one that’s adjacent to an upscale hotel that the partnership unveiled in 2019.

Government & Public Policy
New 550-seat theater for New Jersey Symphony coming to Toll Bros. site in Jersey City

The New Jersey Symphony has found a new permanent home, with plans to occupy a 44,000-square-foot theater within a prominent Tolls Brothers Inc. development in Jersey City.

Residential & Mixed Use
HREV joins SolarKal, Evergreen Energy to reveal rooftop solar at Jersey City’s Birch House

Halpern Real Estate Ventures has unveiled another sustainability feature at a new luxury apartment building in Jersey City, activating a rooftop solar array at the 337-unit property.

Retail
Newark awards $1.2 million to seven city small businesses, supporting growing retail scene

Newark city officials are giving a boost to local businesses, pledging $1.2 million in funding for seven restaurants and organizations as part of a plan to activate its retail corridors.