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
New 120,000 sq. ft. retail project bringing expanded ShopRite to Hillsborough, RIPCO says

A new ShopRite is coming to Hillsborough as part of a 120,000-square-foot development that’s slated to break ground early next year, according to a leasing team with RIPCO Real Estate.

Finance & Capital Markets
Northmarq sources $13 million loan for 49-unit North Arlington apartment building

The owner of a two-year-old, 49-unit apartment building in North Arlington has closed on $13 million in financing for the asset, in a newly announced deal by Northmarq.

Residential & Mixed Use
J&L touts sustainability, wellness features at new 403-unit Ironbound apartment building

J&L Cos. has unveiled a series of features at its new 403-unit luxury apartment building in Newark that it says will promote a healthier, more eco-friendly environment for residents while amplifying a citywide push for sustainability.

Retail
Stir fry, salad chain honeygrow inks lease at new Old Bridge retail development

Fast-casual restaurant stir fry and salad chain honeygrow has signed a lease at a new development in Old Bridge, where it will join a host of other retail tenants and more than 1,000 homes under construction along Route 9.

Events
Alfred Sanzari Enterprises hosts more than 550 at Glenpointe, marks 78 years in real estate

Alfred Sanzari Enterprises is celebrating nearly eight decades in commercial real estate, a legacy that was on display recently as the firm welcomed a crowd of hundreds to its flagship campus Glenpointe campus in Teaneck.

Finance & Capital Markets
First Bank, Malvern secure approvals to complete $150 million merger

First Bank has secured a series of state and federal regulatory approvals to acquire Malvern Bancorp Inc., with plans to complete the previously announced deal in the coming weeks.

Industrial
Industrial vacancy drifts upward in New Jersey amid new construction, ‘normalized’ demand

Vacancy in New Jersey’s booming industrial market has ticked upward, thanks to a flurry of new construction and a return to what experts describe as normalized demand levels.

Professional Services
Bowman taps Sylvester as vice president of New Jersey operations, eyeing continued growth

Bowman Consulting Group Ltd. has hired industry veteran and brownfield development expert Michael Sylvester as its vice president of New Jersey operations.

Residential & Mixed Use
Cervelli named property manager of new 18-unit apartment building in Jersey City

The owner of a new 18-unit apartment building in Jersey City has hired Cervelli Real Estate & Property Management to spearhead its operation of the property.

Finance & Capital Markets
Spencer adds Garip as vice president, commercial and industrial lending relationship manager

Spencer Savings Bank has welcomed a new vice president and commercial and industrial lending relationship manager to its Elmwood Park-based team.