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
CBRE: First piece of NRIA portfolio trades as Hoboken development site fetches $8.5 million

A private investor has acquired a multifamily development site in Hoboken, marking the first trade involving the portfolio of the disgraced firm National Realty Investment Advisors LLC.

Industrial
Endurance, PCCP sell 342,000 sq. ft. light industrial portfolio in Burlington, Gloucester counties

A joint venture has sold more than 340,000 square feet of industrial space in Delran and Swedesboro after having acquired the buildings at the start of the COVID-19 crisis.

Finance & Capital Markets
Roxbury Mall owner refis 700,000 sq. ft. power center, JLL says

The owner of the 700,0000-square-foot, grocery-anchored Roxbury Mall in Morris County has refinanced the property, according to a debt placement team with JLL.

Professional Services
Rock Brook touts ACEC award for engineering excellence at iconic Natirar estate in Somerset

Engineers with Rock Brook have earned high honors for their role in the transformation of the historic Natirar estate in Somerset County into a luxury resort and hospitality venue.

Retail
Aldo, Dream Pairs join lineup at Urban Edge Properties’ Bergen Town Center

Urban Edge Properties has added two footwear retailers to its tenant mix at Bergen Town Center, its 1 million-square-foot mall property just south of Route 4.

Retail
LMC: Nothing Bundt Cakes takes 2,500 sq. ft. at Howell shopping center

The nation’s largest specialty cake company is coming to Howell after leasing space at a Route 9 shopping center, in a newly announced deal by Levin Management Corp.

Community
Sanzari Family Foundation details $50,000 in fall grant funding for nonprofits, health care

The Alfred N. Sanzari Family Foundation has awarded 12 new grants totaling $50,000 that will support a series of community-focused programs throughout northern New Jersey.

Office
McKinsey plans move to Newark, eyeing new home for hundreds of New Jersey employees

Global consulting firm McKinsey & Co. has found a new home in New Jersey, in downtown Newark, where it will bring together some 700 employees currently spread across two offices.

People
Woodmont’s Zlotnick to assume EVP role in Florida, as firm promotes Miller to COO

Lewis Zlotnick, Woodmont Properties’ longtime president, is shifting to a new role as executive vice president of the firm’s growing Florida division, in a move that comes alongside a key promotion on its executive team.

Professional Services
Longtime New Jersey land use, redevelopment attorney Mazawey moves to K&L Gates

Prominent land use and real estate attorney Jennifer Mazawey has joined K&L Gates LLP as a partner in the global law firm’s Newark office.