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.

Office
CPN details latest Princeton-area deals involving education, health care users

Two commercial condominiums in the Skillman section of Montgomery have changed hands for a combined $610,000, in a set of deals arranged by Commercial Property Network Inc.

Finance & Capital Markets
Russo lands $162 million loan for new 534-unit ‘Vermella’ rental project in New Brunswick

Russo Development has closed on $162 million in financing for its new 534-unit high-end multifamily development in New Brunswick, brokers with JLL announced Friday.

Residential & Mixed Use
Affordable housing, strip mall in Livingston change hands in deals arranged by Kislak

A private investor has purchased a 51-unit affordable housing complex in Livingston for $4.5 million, in one of two newly announced deals by The Kislak Co. Inc.

Government & Public Policy
EDA approves $68 million Aspire award to rehab 196-unit Trenton affordable housing tower

An affordable housing investor is to set to rehabilitate an apartment tower in Trenton with the help of a nearly $68 million tax credit award from the state Economic Development Authority.

Retail
Kamson inks two leases to fill retail space at mixed-use Teaneck project, JLL says

The Kamson Corp. has added two retail tenants at a mixed-use development in Teaneck, filling nearly 8,400 square feet in a set of newly announced deals by JLL.

Education
Newmark Assoc.: Chabad buys 35,000 sq. ft. Florham Park property in multimillion-dollar deal

Chabad of SE Morris County has acquired a 35,000-square-foot building in Florham Park, according to a brokerage team with Newmark Associates Commercial Real Estate.

Community
Spring Lake Hope Foundation gala luncheon returns to Indian Trail Club on Oct. 23

The Spring Lake Hope Foundation’s Ninth Annual Gala Luncheon is set for Oct. 23, when the nonprofit will rally supporters to help the families of children with rare health conditions.

Industrial
Seagis completes ground-up 167,000 sq. ft. industrial project in Teterboro

Seagis Property Group has taken the wraps off nearly 167,000 square feet of new warehouse space in Teterboro that the developer is marketing alongside brokers with CBRE.

People
Sigman to retire as LCOR executive vice president, principal at year-end

David A. Sigman, a longtime LCOR executive and a key figure in the developer’s growth in the New York metropolitan region in recent decades, is stepping down at year-end.

Industrial
BRC: Apparel company takes 52,000 sq. ft. in Linden industrial sublease

A clothing company has found a new home in Linden after agreeing to sublease 52,000 square feet of industrial space, brokers with Bussel Realty Corp. announced Thursday.