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
Bayport Funding closes $5.2 million acquisition, construction loan for Fort Lee rental project

A private developer has closed on $5.2 million in financing in connection with a planned seven-unit apartment building in Fort Lee, its lender announced Thursday.

Residential & Mixed Use
LeFrak quickly hits 50 percent leased milestone at new 385-unit high-rise in Newport

Renters are snapping up apartments at LeFrak’s newest building in Jersey City, a 385-unit high-rise at the northern end of the famed Newport neighborhood.

Residential & Mixed Use
Developer breaks ground on 282-unit condo project in Weehawken’s Port Imperial section

Construction is underway on what will be 282 luxury condominiums in Weehawken, in a rare new addition to the iconic Port Imperial district along the Hudson River.

Government & Public Policy
Judge tosses lawsuit challenging Scotch Plains’ downtown redevelopment plan

A state Superior Court judge has dismissed a lawsuit by professional services firm PS&S that sought to void a redevelopment plan adopted by Scotch Plains, following the town’s decision in 2021 to change developers for a key piece of its downtown.

Industrial
Denville flex industrial building trades for $2.5 million, C&W says

The longtime owner of a roughly 14,000-square-foot flex industrial building in Denville has sold the property, in a newly announced deal by Cushman & Wakefield.

Office
Sanzari signs 5,300 sq. ft. renewal in Teaneck with Maschler family office

A family office has signed a nearly 5,300-square-foot lease renewal at Alfred Sanzari Enterprises’ Glenpointe campus in Teaneck, the landlord announced Wednesday.

Residential & Mixed Use
Reynolds, Slabotsky family office acquire Louisiana apartment complex

Reynolds Asset Management has made another acquisition outside New Jersey, adding a 185-unit apartment complex in Shreveport, Louisiana, in a recent $9.5 million deal.

Retail
Sheldon Gross: Stone fabricator, installer inks 850 sq. ft. renewal in Morristown

A stone fabricator and installer has signed an 850-square-foot lease renewal for its storefront in downtown Morristown, in a deal arranged by Sheldon Gross Realty.

Industrial
Woodmont, Brookfield detail start of 450,000 sq. ft. industrial project in Warren County

Woodmont Industrial Partners and Brookfield Properties have broken ground on a new 450,000-square-foot warehouse facility in Warren County, the firms announced Tuesday.

Residential & Mixed Use
JLL: Buyer (or partner) wanted for 309-unit luxury apartment building in Jersey City

The owner of a four-year-old, 309-unit apartment building in Jersey City is looking to sell or recapitalize the property, according to a brokerage team with JLL.