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.

Industrial
JLL: Urban Edge sells 1.2 million sq. ft. East Hanover industrial portfolio for $218 million

Urban Edge Properties has sold a seven-building, 1.22 million-square-foot light industrial portfolio in East Hanover for nearly $218 million, brokers with JLL announced Thursday.

Industrial
Crow Holdings, local officials mark debut of 1.2 million sq. ft. logistics park in Carteret

Carteret’s newest industrial campus was on full display this week as Crow Holdings Development unveiled a three-building, 1.2 million-square-foot development just off the New Jersey Turnpike.

Office
Blau & Berg inks 6,100 sq. ft. office sale in Millburn

More than 6,000 square feet of office space along a key thoroughfare in Millburn has changed hands, in a newly announced deal by The Blau & Berg Co.

Retail
Onyx, Baraka welcome Uncle Willie’s Wings to The Junction at Gateway Center

A popular local wing spot has opened its doors at the new-look restaurant row inside Newark’s sprawling Gateway office complex.

Top News
Michael Kaplan, prominent New Jersey developer and longtime Kaplans Cos. leader, dies at 83

Michael Kaplan, a Holocaust survivor who became a prolific New Jersey homebuilder and the second-generation leader of the Kaplan Cos., died Wednesday at age 83.

Residential & Mixed Use
Generational owner sells 22-unit West New York apartment building, Gebroe-Hammer says

The longtime owner of a 22-unit apartment building in West New York has sold the property for nearly $4 million, according to a broker with Gebroe-Hammer Associates.

Residential & Mixed Use
Developer launches leasing at 170-unit upscale rental property in Long Branch

Leasing is underway at a new 170-unit luxury apartment property in Long Branch, in a new addition to the city’s fast-growing stock of upscale housing along its coastline.

Industrial
Blau & Berg: Tenant leases nine-acre outdoor storage site in Wayne for Amazon delivery vans

A shipping company has leased a nine-acre trucking facility near the eastern edge of Wayne, in a newly announced deal by The Blau & Berg Co.

Office
Birch Group, Jefferies ink 60,000 sq. ft. renewal at 101 Hudson in Jersey City, CBRE says

Financial services firm Jefferies has renewed its 60,000-square-foot lease at a well-known Jersey City office tower, in the largest of several newly announced deals by CBRE.

Finance & Capital Markets
Affinius Capital lends $102 million for 700,000 sq. ft. Burlington industrial project

Affinius Capital LLC has closed a $102 million construction loan for a 700,000-square-foot industrial project at the western edge of Burlington County, just outside Philadelphia.