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.

Finance & Capital Markets

Private equity firm Northwind lends $35 million to upgrade 216-unit Newark apartment tower

By Joshua Burd The owner of a 216-unit apartment tower in Newark has snagged $35 million in financing for a major renovation of the building, in a deal originated by Northwind Group. Based in Manhattan, the real estate private equity…

Retail

Bergman, Capstone acquire 88,000 sq. ft. Cherry Hill retail center for $16.1 million

Bergman Real Estate Group and Capstone Realty Group USA have acquired a nearly 88,000-square-foot retail property in Cherry Hill for $16.1 million, the firms announced.

New homeless shelter opens in Jersey City under plan for new Claremont apartment tower

The new St. Lucy’s Shelter has opened its doors at 612 Grove St. in Jersey City, following a project by Arc Building Partners in conjunction with the Archdiocese of Newark. — Courtesy: ARC By Joshua Burd Arc Building Partners has…

Office

Silverman Group sells 18,000 sq. ft. medical office building in Florham Park, C&W says

The Silverman Group has shed another Morris County office building with its sale of an 18,000-square-foot property in Florham Park, in a deal arranged by Cushman & Wakefield.

Retail

European-style coffee shop opens at Accurate’s new ‘Citizen Linden’ apartment building

Development firm Accurate has welcomed a coffee shop to the base of its new 234-unit luxury apartment building in Linden.

Community

Lee & Associates N.J. donates backpacks, school supplies to United Way of Passaic County

Brokers and staff with Lee & Associates New Jersey came together this month to support an annual school supply drive by the United Way of Passaic County.

Professional Services

DIGroup marks National Minority Enterprise Development Week

DIGroup Architecture is reinforcing its commitment to diversity both internally and externally, as the New Brunswick-based firm marks National Minority Enterprise Development Week.

Residential & Mixed Use

Panepinto, adding to five-decade legacy in Jersey City, breaks ground on 605-unit high-rise

Panepinto Properties has broken ground on a 53-story residential tower in Jersey City, with plans to add more than 600 apartments to the burgeoning Journal Square neighborhood as its hails its latest investment during nearly five decades in the municipality.

Government & Public Policy

Developer lands $90 million Aspire tax credit award for 350-unit Newark rental project

A developer has secured a $90 million tax credit award for its plan to build a 14-story, 350-unit apartment building just south of Newark’s Broad Street station.

Finance & Capital Markets

Lenders Capital closes $29.5 million in financing for deals in New Jersey, Florida

The owner of an industrial property in Hamilton has refinanced the asset for $18.4 million, in one of two deals announced by Lenders Capital Realty Services.