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.

Professional Services
DMR taps Kapoor as CEO and president, as Rosenberg moves to chairman role

DMR Architects has named a new CEO and president for the first time in its 32-year history, with industry veteran Pradeep Kapoor taking the reins from founder Lloyd A. Rosenberg.

Residential & Mixed Use
Hudson Atlantic closes sale of 16-unit Jersey City apartment building for $2.35 million

A private investor has acquired a 16-unit apartment building in Jersey City’s historic Bergen-Lafayette section, in a newly announced deal by Hudson Atlantic Realty.

Office
Fennelly, Keyser partner in $2.3 million office sale in Hamilton

A cooperative that serves independent appliance dealers has acquired a nearly 9,800-square-foot office building in Hamilton for $2.3 million, brokers with Fennelly Associates announced.

Health Care & Education
Larken, pediatric therapy center sign 5,400 sq. ft. medical office deal in Lawrenceville

Larken Associates has signed a new medical office lease in Lawrenceville with a practice that serves children and young adults with autism spectrum disorder.

Industrial
Moving business takes 7,200 sq. ft. in West Caldwell office, industrial deal, Sheldon Gross says

A moving company has found a new home after leasing more than 7,000 square feet of office and warehouse space in West Caldwell, in a deal arranged by Sheldon Gross Realty.

Office
DRA, Onyx sell 288,000 sq. ft. Paramus office building to First Mile Properties

DRA Advisors and Onyx Equities have sold a nearly 288,000-square-foot office building in Paramus, in a newly announced deal by Cushman & Wakefield.

Residential & Mixed Use
KRE Group unveils, launches leasing at 285-unit rental property in Marlboro

Kushner Real Estate Group has launched leasing at a sprawling collection of 285 apartments in Marlboro, the latest addition to its portfolio of luxury garden-style properties.

Residential & Mixed Use
Morristown tract slated for 29-unit multifamily project fetches $6.8 million, Kislak says

A development site in Morristown that will be home to 29 townhome-style apartments has traded for $6.8 million, according to a brokerage team with The Kislak Co. Inc.

People
STRO promotes Ferris to senior director of leasing, acquisitions

The STRO Cos. has promoted Elliot Ferris to senior director of leasing and acquisitions.

Finance & Capital Markets
Unity Bank closes construction loan for Hunterdon assisted living, memory care project

A developer has snagged a multimillion-dollar construction loan for a 122-unit assisted living and memory care residential facility in Clinton Town.