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.

Industrial
Marcus: Auto repair shop completes $3 million sale-leaseback in Green Brook

An auto repair business has sold and leased back a nearly 12,000-square-foot industrial property in Green Brook, brokers with Marcus & Millichap announced last week.

Professional Services
BLS & Co.’s Bosman earns coveted CRE credential from The Counselors of Real Estate

Tracey Hyatt Bosman, a longtime site selection professional with Biggins Lacy Shapiro & Co., has obtained the prestigious Counselor of Real Estate credential.

Retail
French, Scandinavian crepe eatery leases 1,900 sq. ft. at Middlesex retail center, CBRE says

A crepe restaurant has taken nearly 1,900 square feet at a grocery-anchored shopping center in Middlesex Borough, in a newly announced deal by CBRE.

Residential & Mixed Use
Construction begins on $400 million, 670-unit rental project in Jersey City’s SoHo West

The Albanese Organization, BXP and CrossHarbor Capital Partners have broken ground on a 670-unit multifamily project in Jersey City’s fast-growing SoHo West neighborhood.

Office
JLL: Heart health startup launches East Coast office, leases 21,000 sq. ft. outside Princeton

A biotech firm has planted a flag on the East Coast after taking more than 21,000 square feet of office space outside Princeton, in a newly announced deal by JLL.

Residential & Mixed Use
MIG Real Estate: New apartments, retail space coming to Newark’s iconic Griffith Building

A real estate firm is bringing new life to Newark’s historic Griffith Building, with plans to deliver new apartments and two floors of retail space to the downtown property.

Food & Beverage
Keepers restaurant opens in Harrison, bringing all-day dining destination to Riverbend District

Principals of Advance Realty Investors and Episcope Hospitality joined Harrison Mayor James Fife, town officials and community leaders on June 17 to mark the grand opening of Keepers, a new all-day restaurant located at the base of The Wyldes apartment…

Residential & Mixed Use
Eight-unit apartment building in Union City trades for $1.2 million, Cervelli says

An investor has acquired an eight-unit apartment building in Union City for $1.2 million, according to a brokerage team with Cervelli Real Estate & Property Management.

Finance & Capital Markets
Kennedy Funding inks $1.6 million loan to bring much-needed housing to Maine’s South Coast

Kennedy Funding has closed a $1.633 million loan to the developer of what will be 13 single-family homes in southern Maine, the Englewood-based lender announced Friday.

Residential & Mixed Use
Kushner breaks ground on 280-unit rental project at ex-Westminster Hotel site in Livingston

Kushner has broken ground on its redevelopment of the former Westminster Hotel in Livingston, where it’s planning two new apartment buildings with a combined 280 units.