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
Bennett Realty & Development hires Lenaz as retail leasing specialist

Longtime retail broker Bill Lenaz has joined Bennett Realty & Development, marking the latest addition to the Holmdel-based firm’s fast-growing team.

Retail
LMC inks 1,300 sq. ft. deal to bring martial arts studio to Long Island shopping center

A martial arts studio has leased more than 1,300 square feet at a shopping center in New York’s Suffolk County, in a deal arranged by Levin Management Corp.

Professional Services
Sacramone, former HLW New Jersey leader, joins JLL brokerage team

JLL has bolstered its New Jersey brokerage team with the addition of Kimberly Sacramone, an accomplished workplace expert with more than three decades of industry experience.

Office
Newmark: Woodbridge office park thriving with 143,000 sq. ft. in leasing since late 2022

A private equity firm is reaping the benefits of upgrading a Woodbridge office campus, where it has secured more than 140,000 square feet of leasing activity since late 2022.

Professional Services
Franco, Ganas join Lee & Associates New Jersey as senior vice presidents

Lee & Associates New Jersey has hired seasoned brokers Monica Franco and Claudia Ganas as senior vice presidents in its Edison office.

Office
Law firm buys 6,000 sq. ft. office building in downtown Montclair, NAI Hanson says

A law practice has acquired a newly renovated, 6,000-square-foot office building in downtown Montclair, in a newly announced deal by NAI James E. Hanson.

Deals
Investor acquires 321-unit affordable housing tower in Camden, eyes $104 million rehab plan

Hudson Valley Property Group is planning a major preservation and rehabilitation of Northgate Apartments at 433 North 7th St. in Camden, with plans calling for site infrastructure upgrades, mechanical system replacements and many in-unit bathroom, kitchen and apartment safety improvements.…

Events
Rutgers unveils full lineup for high-profile symposium, case study on distressed assets

The lineup is set for next week’s Rutgers Center for Real Estate symposium on distressed property, where some two dozen industry experts will tackle the issue through the lens of a detailed case study.

Finance & Capital Markets
Reynolds secures $29 million bridge-to-perm loan for 103-unit Orange rental project

Reynolds Asset Management has landed a $28.5 million loan for its newly completed, 103-unit apartment building in Orange, in a deal arranged by JLL.

Residential & Mixed Use
Advance hits 75 percent leased milestone at 399-unit Harrison rental project

Advance Realty Investors has leased 75 percent of The Wyldes, the sprawling 399-unit luxury apartment property in Harrison that hit the market last summer.