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

Russo, River Development set to unveil 211,000 sq. ft. spec industrial building in Kearny

Russo Development and River Development are nearing the completion of more than 211,000 square feet of new logistics space just off Interstate 280 in Kearny.

Finance & Capital Markets

Progress Capital sources $30 million construction loan for 155-unit Jersey City rental project

A developer has snagged a $30 million construction loan for a 155-unit multifamily project in Jersey City’s West Side neighborhood, in a deal arranged by Progress Capital.

Events

Newark Summit to highlight opportunity, innovation as city’s development boom continues

Dozens of business and civic leaders will take the stage in early December for the inaugural Newark Summit, where they’ll discuss the wave of investment and placemaking initiatives in the state’s largest city, in an event that is slated to draw more than 750 attendees.

Office

A.Y. Strauss takes 11,000 sq. ft. at Eastman-owned campus in Livingston, CBRE says

Boutique law firm A.Y. Strauss has leased nearly 11,000 square feet of office space in Livingston, brokers with CBRE announced Monday.

Professional Services

DeSimone Consulting Engineering acquires Decipher, U.K.-based construction consultancy

DeSimone Consulting Engineering, a Manhattan-based firm whose work includes multiple New Jersey projects, has acquired the construction consultancy known as Decipher.

Government & Public Policy

EDA approves $20 million in Aspire tax credits for senior housing projects in Essex, Gloucester

The state has approved another $20 million in tax credits under the Aspire program, clearing the way for developers to build or renovate a combined 164 apartments for seniors in Essex and Gloucester counties.

Retail

KPR Centers sells grocery-anchored complex in Camden County, Marcus says

Investment firm KPR Centers has sold a nearly 103,000-square-foot, grocery-anchored shopping center in Gloucester Township, in a deal arranged by Marcus & Millichap.

Events

Blue Water Wave honors real estate, business leaders at first-ever Wave Awards (SLIDESHOW)

A group of business leaders gathered in West Orange last week to celebrate their peers, as Blue Water Wave held its first-ever awards ceremony for excellence in real estate and other sectors.

Hospitality & Tourism

Hotels Unlimited debuts renovated 178-key hotel in Tinton Falls (SLIDESHOW)

Hotels Unlimited Inc. has completed a major renovation of the 178-key DoubleTree Tinton Falls in Monmouth County, the firm announced last week.

Hackensack business group launches new-look website for downtown

Business leaders in downtown Hackensack have launched a new website aimed at promoting efforts to revitalize the commercial district.