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
Blau & Berg inks 6,100 sq. ft. office sale in Millburn

More than 6,000 square feet of office space along a key thoroughfare in Millburn has changed hands, in a newly announced deal by The Blau & Berg Co.

Retail
Onyx, Baraka welcome Uncle Willie’s Wings to The Junction at Gateway Center

A popular local wing spot has opened its doors at the new-look restaurant row inside Newark’s sprawling Gateway office complex.

Top News
Michael Kaplan, prominent New Jersey developer and longtime Kaplans Cos. leader, dies at 83

Michael Kaplan, a Holocaust survivor who became a prolific New Jersey homebuilder and the second-generation leader of the Kaplan Cos., died Wednesday at age 83.

Residential & Mixed Use
Generational owner sells 22-unit West New York apartment building, Gebroe-Hammer says

The longtime owner of a 22-unit apartment building in West New York has sold the property for nearly $4 million, according to a broker with Gebroe-Hammer Associates.

Residential & Mixed Use
Developer launches leasing at 170-unit upscale rental property in Long Branch

Leasing is underway at a new 170-unit luxury apartment property in Long Branch, in a new addition to the city’s fast-growing stock of upscale housing along its coastline.

Industrial
Blau & Berg: Tenant leases nine-acre outdoor storage site in Wayne for Amazon delivery vans

A shipping company has leased a nine-acre trucking facility near the eastern edge of Wayne, in a newly announced deal by The Blau & Berg Co.

Office
Birch Group, Jefferies ink 60,000 sq. ft. renewal at 101 Hudson in Jersey City, CBRE says

Financial services firm Jefferies has renewed its 60,000-square-foot lease at a well-known Jersey City office tower, in the largest of several newly announced deals by CBRE.

Finance & Capital Markets
Affinius Capital lends $102 million for 700,000 sq. ft. Burlington industrial project

Affinius Capital LLC has closed a $102 million construction loan for a 700,000-square-foot industrial project at the western edge of Burlington County, just outside Philadelphia.

Residential & Mixed Use
AvalonBay unveils 221-unit luxury rental property, its second in Princeton

AvalonBay Communities Inc. has completed its new 221-unit multifamily project in Princeton, where it has redeveloped the site of two outdated, obsolete office buildings near Route 206.

Residential & Mixed Use
Family office sells 41-unit Jersey City apartment building for $8 million, CBRE says

A private investment group has purchased a 41-unit apartment building in Jersey City for more than $8 million, according to a brokerage team with CBRE.