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
Three-building, 26-unit apartment portfolio in Irvington fetches $3.3 million, Marcus says

A private investment firm has sold a three-building, 26-unit apartment portfolio in Irvington for nearly $3.3 million, brokers with Marcus & Millichap announced Tuesday.

Retail
Urban Edge brings Atlantic Health to Manalapan retail center with 18,000 sq. ft. deal

Urban Edge Properties has signed two new deals with Atlantic Health System, including a lease for an 18,000-square-foot facility at a large shopping center in Manalapan.

Deals
Goldstein Group inks sale of freestanding retail assets in Bergen, Rockland counties

A private business has acquired the site of a freestanding former liquor store in Upper Saddle River, in one of two newly announced deals by The Goldstein Group.

Residential & Mixed Use
TFE unveils 60-unit first phase of new townhome project near downtown Somerville

TFE Properties has debuted the first piece of a development that will bring nearly 175 new townhome-style apartments to a site that’s minutes from downtown Somerville.

Finance & Capital Markets
Capodagli, SCALE ink $75 million bridge loan for 294-unit Little Ferry rental project

Capodagli Property Co. has closed on a $75 million bridge loan with SCALE Lending that will support its delivery of nearly 300 new apartments in Little Ferry.

Professional Services
CBRE’s Conaway rises to managing director for greater Philadelphia

CBRE has promoted Kelly Conaway to managing director for the greater Philadelphia region, a territory that includes downtown and suburban Philadelphia, Delaware, southern New Jersey, the Lehigh Valley and Central Pennsylvania.

Industrial
STRO adds 77,000 sq. ft. small-bay warehouse in Fairfield

The STRO Cos. has acquired a nearly 77,000-square-foot industrial building near Route 46 in Fairfield, adding to its portfolio of small-bay warehouse space in the region.

Industrial
Blau & Berg: Brookfield signs lease for 36-door terminal on 4.2 acres in Jersey City

Brookfield Properties has secured a tenant for more than 19,000 square feet of industrial space on 4.2 acres in Jersey City, in a newly announced deal by The Blau & Berg Co.

Industrial
Vehicle logistics venture takes five-acre industrial outdoor storage site in Hamilton, BRC says

An automotive logistics platform has leased five acres of industrial outdoor storage space in Hamilton, brokers with Bussel Realty Corp. announced Monday.

Professional Services
Binswanger taps Hipschman, longtime CBRE New Jersey market leader, as CEO

Longtime CBRE New Jersey market leader Jeff Hipschman has joined Binswanger as its CEO, becoming the first non-family member to lead the real estate services firm in its 93-year history.