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.

Retail
Urban Edge acquires new 87,000 sq. ft. retail center in Watchung for $34 million

Urban Edge Properties has acquired an 87,000-square-foot shopping center in Watchung for $34 million, completing the deal as part of a flurry of recent moves across its portfolio.

Professional Services
Environmental attorney Kettler among newest promotions at Riker Danzig

Riker Danzig LLP has elevated Michael S. Kettler of the firm’s environmental law group, in one of several newly announced promotions on its Morristown-based team.

Finance & Capital Markets
IDB Bank, TAY Investments close $31 million bridge loan for 155-unit Newark rental property

IDB Bank has closed a $31 million bridge loan for a newly completed, 155-unit apartment building in Newark’s Central Ward.

Residential & Mixed Use
Accurate leases more than 70 percent of new 252-unit Bayonne rental building

Accurate is on the verge of another milestone at a new apartment building in Bayonne, where it has leased nearly three-quarters of the property’s 252 available homes.

Events
National Private Lenders Association Conference heading to Miami Beach in early March

The largest private lending conference in the country is coming to South Florida in less than three weeks.

Residential & Mixed Use
Halpern unveils 337-unit Birch House, a major addition to Jersey City’s growing West Side

Leasing is underway at Halpern Real Estate Ventures’ new 337-unit high-end apartment building in Jersey City’s growing West Side neighborhood.

Residential & Mixed Use
Marcus closes sale of 11-unit Union City apartment building for $2 million

A private investor has sold an 11-unit apartment building in Union City for $2 million, in a newly announced deal by Marcus & Millichap.

Deals
Linden: Logistics firm signs 50,000 sq. ft. industrial lease in deal by McBride, BRC

A freight forwarding and logistics firm has leased 50,000 square feet at a warehouse just off Route 1&9 in Linden, brokers with McBride Corporate Real Estate announced.

Industrial
Pickleball club leases 20,000 sq. ft. at new Hillsborough industrial building, Zimmel says

An indoor pickleball club has taken 20,000 square feet at a newly completed industrial building in Hillsborough, according to a brokerage team with Zimmel Associates.

Office
Sanzari, fencing solutions firm ink 4,000 sq. ft. office lease in Elmwood Park

Alfred Sanzari Enterprises has welcomed a fencing solutions company to Elmwood Park Plaza, a 68,000-square-foot office building in the Bergen County borough.