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.

Events
NAIOP hall of fame induction to serve as latest honor for Lieb, venerated MDC chairman

L. Robert Lieb, the esteemed chairman of Mountain Development Corp., will mark yet another career milestone on Monday when he joins NAIOP New Jersey’s Hall of Fame.

Office
WCRE: Marlton medical office condo sold to owner of dermatology practice

The owner of a health care practice has acquired a more than 10,000-square-foot medical office condominium in Evesham Township, in a deal arranged by Wolf Commercial Real Estate.

Hospitality & Tourism
JLL: RiverLink Hotels sells 122-room Courtyard by Marriott on Route 46 in Wayne

A hotel developer has sold a 122-room Courtyard by Marriott property at the nexus of three major highways in Wayne, in a newly announced deal by JLL.

Residential & Mixed Use
FM Equities buys 68-unit Orange rental property in $10.8 million deal arranged by Berkadia

Investment firm FM Equities has acquired a 68-unit garden apartment property in Orange for nearly $11 million, according to a listing team with Berkadia.

Government & Public Policy
EDA approves Paramount as ‘studio partner,’ allowing for bonus tax credits at Bayonne campus

Paramount’s new production hub in Bayonne is now eligible for larger awards under New Jersey’s Film and Digital Media Tax Credit program, following a vote Thursday by state officials to designate the company as a so-called studio partner at the campus.

Retail
Local buyer adds 13,000 sq. ft. strip center in Paterson for $5.3 million, Marcus says

A local investor has purchased a nearly 13,000-square-foot strip center in Paterson for $5.25 million, brokers with Marcus & Millichap announced Thursday.

Retail
Larken, optical shop ink 1,200 sq. ft. lease at retail center just outside New Jersey

Larken Associates has lured a new tenant to a shopping center just outside New Jersey — in Pennsylvania’s Pike County — signing a lease with a growing eye care practice.

Events
CBRE’s Villa to host CRE executives, brokers for high-profile women’s networking event

Clockwise, from top left: Adenah Bayou, Zenobia Fields, Kate Granahan, Bridget Wilcox, Marta Villa, Suzanne Macnow and Karly Iacono will take part in a panel discussion at the inaugural Rush CRE Women’s Networking Event on Wednesday, Nov. 12, at the…

Residential & Mixed Use
Sentinel buys new 423-unit rental property at key West Orange redevelopment site

Sentinel Real Estate has acquired Stonehill at West Orange, the new 423-unit luxury apartment property that has revived the onetime site of a struggling office park off Interstate 280.

Industrial
Logistics, fulfillment firms take 879,000 sq. ft. in newest deals at Old Bridge industrial park

2020 Acquisitions has landed three new tenants for its massive Central 9 Logistics Park in Old Bridge, filling nearly 879,000 square feet in a set of deals arranged by Cushman & Wakefield.