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
NAIDB promotes Gerace, DiLeo to associate vice president

NAI DiLeo-Bram & Co. has promoted brokers Kyle Gerace and Robert V. DiLeo to associate vice president, touting their role in growing the firm’s footprint and transaction volume.

Industrial
Blau & Berg: Two tenants combine for 7,400 sq. ft. in Newark industrial flex deals

The owner of an industrial flex portfolio in Newark has secured two new tenants for the buildings, in a set of leases totaling nearly 7,400 square feet.

Residential & Mixed Use
Hornrock: Leasing underway at second phase of Ivy and Green in Hackensack

Hornrock Properties has taken the wraps off another 168 luxury apartments in Hackensack, the second piece of its popular Ivy and Green project on the city’s eastern edge.

Finance & Capital Markets
Creation, J.P. Morgan land $64 million construction loan for 121,000 sq. ft. Newark warehouse project

A joint venture is set to begin construction on more than 120,000 square feet of new industrial space in Newark after securing a $64 million construction loan for the project.

Industrial
Prologis fills Port Reading building with 607,000 sq. ft. lease with logistics firm

Prologis Inc. has leased more than 600,000 square feet in Woodbridge to a warehousing and logistics firm, in what was one of New Jersey’s largest industrial deals to start the year.

Government & Public Policy
Perth Amboy, Viridian kick off demolition for $110 million, mixed-use ‘Gateway’ project

Officials in Perth Amboy are marking the start of a long-awaited redevelopment along the city’s waterfront, seeking to transform nearly 45 acres of contaminated, blighted property with a mix of pad-ready sites, warehouse space and open space for residents.

Events
United Way reveals commercial, industrial award finalists for annual real estate luncheon

United Way of Northern New Jersey has unveiled the finalists for its commercial real estate awards next month, part of a program that will mark its 25th year of partnering with industry executives for the organization’s largest annual fundraiser.

Office
LPC: SeaCube Container leases 15,000 sq. ft. at Montvale office building

A company that buys and leases refrigerated shipping containers has taken more than 15,000 square feet of office space in Montvale, in a deal arranged by Lincoln Property Co.

Residential & Mixed Use
Denholtz, LMG launch preleasing at 167-unit rental project outside Charlotte

Preleasing is underway at a 167-unit luxury apartment building near Charlotte where Denholtz Properties has partnered with the boutique developer Lansing Melbourne Group.

Finance & Capital Markets
Kennedy Funding inks $2.7 million loan for mixed-use project near Tacoma, Washington

Kennedy Funding has closed a $2.7 million loan in connection with a mixed-use project that will bring nearly 600 new multifamily units to a suburb outside Tacoma, Washington.