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.

People
Meno joins Levin Management Corp. as controller

Levin Management Corp. has added a veteran finance and accounting professional as a controller on its North Plainfield-based team.

Retail
Accurate, DeVimy unveil ground-up 140,000 sq. ft. retail project in Morris Township

A joint venture has taken the wraps off a 140,000-square-foot retail center in Morris Township, delivering a new, ground-up space that will house more than two dozen businesses.

Industrial
Crow Holdings unveils new three-building, 1.2 million sq. ft. industrial campus in Carteret

Crow Holdings Development has completed a new three-building, 1.2 million-square-foot industrial campus just off the New Jersey Turnpike in Carteret.

Industrial
JLL: Buyer wanted for seven-building, 1.2 million sq. ft. industrial portfolio in East Hanover

The owner of more than 1.2 million square feet of industrial space in East Hanover is seeking a buyer for the seven-building portfolio, according to brokers with JLL.

Finance & Capital Markets
Reynolds, Walker & Dunlop secure $6.7 million refi for new Bound Brook apartments

Reynolds Asset Management has refinanced a new 28-unit luxury apartment building in Bound Brook, securing a Fannie Mae loan for more than $6.7 million through Walker & Dunlop.

Top News
‘Turnkey’ school building in Fanwood on the market for sale or lease, Lee & Associates says

The site of a 36,000-square-foot school building in Fanwood is on the market for sale or lease, in a newly announced offering by Lee & Associates New Jersey.

Health Care & Education
Dentist expands footprint with new lease in Somerville, Deluccia says

A dental practice is expanding in Somerset County after signing a 10-year lease in Somerville, in a newly announced deal by Deluccia Commercial Group.

Events
Supportive housing program Cohome honors Hampshire, Vitolo while celebrating ADA

Members of the state’s commercial real estate industry were among the honorees at a recent gala hosted by Cohome, a program that creates housing opportunities for adults with disabilities.

Industrial
IDI promotes Breaux to chief strategy officer, east region executive vice president

IDI Logistics’ top executive on the East Coast is now the firm’s chief strategy officer after being promoted by the Atlanta-based industrial developer.

Office
Zimmel: Torsiello sells 65,000 sq. ft. Somerset office building for $5 million

An affiliate of The Torsiello Organization has sold a nearly 65,000-square-foot office building in Franklin’s Somerset section, brokers with Zimmel Associates announced Tuesday.