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
DXD Capital unveils new 761-unit Public Storage facility in Toms River

Private equity investor DXD Capital has taken the wraps off a new climate-controlled, 761-unit self-storage building in Toms River.

Residential & Mixed Use
Cervelli: Updated six-unit rental building in Jersey City Heights trades for $1.3 million

A private entity has acquired a newly renovated, six-unit apartment building in Jersey City for $1.3 million, in a deal arranged by Cervelli Real Estate and Property Management.

Finance & Capital Markets
JLL: Petrucci lands JV equity, Provident construction loan for Bucks County warehouse project

J.G. Petrucci Co. Inc. has secured joint venture equity and construction financing for a 330,000-square-foot industrial project in Pennsylvania’s Bucks County, brokers with JLL announced.

Finance & Capital Markets
Developer lands $47 million CMBS loan for new 140-unit rental property in Paramus

The developer of a new 140-unit apartment complex in Paramus has closed on nearly $47 million in financing, in a deal arranged by HKS Real Estate Advisors.

Residential & Mixed Use
Stillman breaks ground on 132-unit oceanfront condo project in Long Branch

Construction is underway on a long-awaited project that will bring another 132 luxury condominiums to Long Branch’s fast-growing shoreline.

Office
Newmark: REIT sells net-leased, 87,000 sq. ft. office building in Mount Laurel

A real estate investment trust has sold a Mount Laurel office building that spans more than 87,000 square feet and is home to a single tenant, brokers with Newmark announced.

Professional Services
Bridgewater-based R&J promotes Johnson to account director

R&J Strategic Communications has promoted Dan Johnson, who has spent nearly a decade with the Bridgewater-based firm and is a key member of its commercial real estate practice.

Office
Fitness, wellness center leases 4,000 sq. ft. at Hamilton flex building, Fennelly says

A health and fitness business has taken 4,000 square feet at a commercial property in Hamilton, in a newly announced deal by Fennelly Associates.

Technology
Dialed up

It seems rare to have an asset class whose inventory has largely stood still for a decade or more, yet that’s been the story for the data center market here in New Jersey, as developers and users have flocked to…

Residential & Mixed Use
Clarion, MRP detail 500-unit residential phase at ex-Burlington Center Mall site

Construction is set to begin on 500 new apartments that will mark another key piece of a plan to redevelop the long-vacant Burlington Center Mall property in Burlington Township.