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.

Government & Public Policy

EDA approves $74 million tax credit, boosting award for planned 207-unit Newark high-rise

A project that would bring more than 200 new apartments to downtown Newark is moving ahead with expanded support from the state, securing approvals for up to $74 million in Aspire tax credits from the Economic Development Authority.

CBRE: Buyer wanted for Harrison ‘town square’ site with major residential, commercial phases

A major development site in Harrison is on the market for sale with approvals in place for 1,500 residential units, a 200-key hotel and large office and retail components.

Industrial

BRC: Glass company leases 54,000 sq. ft. in Woodbridge in move from New York

A glass company has leased nearly 54,000 square feet of industrial space in the Keasbey section of Woodbridge, in a newly announced deal by Bussel Realty Corp.

Professional Services

McCarter & English adds Lyons as partner in real estate, cannabis groups

McCarter & English has announced the addition of Richard G. Lyons as a partner in its real estate and cannabis practices.

Professional Services

The Garibaldi Group’s Bartolacci formally moves to newly acquired NAI Summit team

Michael Bartolacci, the longtime broker at the helm of The Garibaldi Group’s Lehigh Valley office, is formally transitioning to NAI Summit after the two firms joined forces last month.

Health Care & Education

Onyx welcomes JAG Physical Therapy to The Junction at Gateway Center in Newark

Onyx Equities has welcomed JAG Physical Therapy to Newark’s Gateway Center, marking the latest addition to the revamped retail lineup at the four-building office complex.

Community

Denholtz, Dirscherl join Monmouth Conservation Foundation board

The Monmouth Conservation Foundation has bolstered its board with the addition of Denholtz Properties’ Steven Denholtz and Dan Dirscherl of Ares Management.

Industrial

CBRE: Heller inks 285,000 sq. ft. deal at Exit 8A with global logistics, fulfillment firm

A logistics and distribution firm is consolidating in South Brunswick after recently leasing more than 285,000 square feet of new industrial space, brokers with CBRE said Tuesday.

Hospitality & Tourism

The New Jersey Hall of Fame opens 10,000 sq. ft. learning center at American Dream

The New Jersey Hall of Fame has unveiled its new 10,000-square-foot Entertainment and Learning Center at American Dream in East Rutherford, providing a permanent home for inductees and a new addition to the sprawling retail and experience destination.

Finance & Capital Markets

Elberon lands $11 million loan for 223,000 sq. ft. Elizabeth warehouse, Wilcox says

Elberon Development Group has closed on $11 million in financing for a 223,000-square-foot warehouse in Elizabeth, in a deal arranged by G.S. Wilcox & Co.