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
Hoboken property with 10 rentals, ground-floor retail fetches $6.1 million, Marcus says

A private investor has acquired 13 apartments and two retail spaces in downtown Hoboken, in a $6.1 million deal arranged by Marcus & Millichap.

Office
Resource Realty: Roxbury office building trades for $1.8 million after reaching full occupancy

An investor has sold a fully leased, 8,000-square-foot corporate and medical office building in Morris County, in one of three recent deals by Resource Realty of Northern New Jersey.

Industrial
P & I Global Tire Solutions takes 15,000 sq. ft. in Linden, in BRC-brokered deal

A tire recycling company has found a new home after leasing a nearly 15,000-square-foot industrial building in Linden, brokers with Bussel Realty Corp. announced Monday.

Finance & Capital Markets
Bravo Property Trust lends $46 million for 128-unit Bayonne rental project

A developer has secured a $46 million construction loan to complete a 10-story, 128-unit luxury apartment building in one of Bayonne’s key thoroughfares.

Residential & Mixed Use
Marcus: Investor buys Somerville property with 10 apartments, retail space for $4.2 million

An investor has acquired a nearly 18,000-square-foot mixed-use building in downtown Somerville for $4.2 million, in a newly announced deal by Marcus & Millichap.

Finance & Capital Markets
Fernmoor snags $29 million bridge loan to refi 144-unit rental project in Winslow, CBRE says

A homebuilder has landed a $29 million bridge loan for a 144-unit multifamily property in suburban Camden County, according to a debt placement team with CBRE.

Industrial
NAI Hanson inks sale of 11,000 sq. ft. industrial flex building in Irvington

A new business is coming to a nearly 11,000-square-foot industrial building in Irvington after a recent sale of the property, in a deal arranged by NAI James E. Hanson.

Professional Services
Construction veteran Cortese joins Structure Tone as senior project manager

Structure Tone has hired Michael Cortese as a senior project manager with its New Jersey team.

Residential & Mixed Use
LCOR buys Jersey City development site from Veris Residential, eyes new high-rise project

LCOR Inc. has secured a nearly two-acre development site in downtown Jersey City, acquiring the parcel from Veris Residential Inc. in a $54 million deal arranged by JLL.

Industrial
Carrier Enterprise takes 78,000 sq. ft. at new Piscataway industrial building, LMC says

HVAC distributor Carrier Enterprise has leased a newly completed, 78,000-square-foot industrial building in Piscataway to become the latest user at the township’s Rutgers Industrial Center.