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.

Photos
BOMA New Jersey draws 200 for second annual ‘Bonfire at the Beach’ in Long Branch

Real estate leaders descended on Long Branch earlier this month for the Building Owners & Managers Association of New Jersey’s second annual Bonfire at the Beach event.

Office
New amenities, programming fuel leasing interest at Onyx-owned campus in Parsippany

Onyx Equities is touting more than 190,000 square feet of recent leasing activity in Parsippany, following a $15 million renovation of a five-building office campus.

Hospitality & Tourism
Kushner debuts new upscale bowling, entertainment lounge at Pier Village

A new bowling and entertainment lounge has opened at Pier Village, the sprawling oceanfront destination in Long Branch that’s home to a mix of shops, restaurants and upscale homes.

People
Bennett Realty & Development promotes two long-serving executives

Bennett Realty & Development has promoted two veteran executives on its Holmdel-based team, the firm announced Tuesday.

Office
HVAC company buys 4,200 sq. ft. Sussex County office building, NAI Hanson says

An HVAC company has found a new home in Sussex County after acquiring an office building less than a mile from Route 94, in a deal arranged by NAI James E. Hanson.

Retail
Growing hockey equipment chain opens in Kenilworth after backfilling 11,000 sq. ft.

A specialty hockey retailer has opened its doors in Kenilworth after leasing more than 11,000 square feet on Route 22, in a newly announced deal by The Goldstein Group.

Finance & Capital Markets
Veris Residential inks $340 million refi of 750-unit Jersey City rental tower, reports say

Veris Residential Inc. has landed a $340 million Freddie Mac loan for its recently completed, 750-unit apartment tower in downtown Jersey City, according to published reports.

Top News
Kaplan ramps up commercial unit with projects in self-storage, modern retail

Kaplan Cos. is stepping up the expansion of its commercial division, with a focus on new self-storage development and efforts to reposition retail assets to meet changing consumer needs.

Retail
Somerset shopping center adds Indian restaurant in 2,500 sq. ft. deal by Bussel Realty Corp.

An Indian restaurant has leased more than 2,500 square feet at a retail center in Franklin’s Somerset section, in a newly announced deal by Bussel Realty Corp.

Retail
LMC inks 1,400 sq. ft. deal with spa business, adding to Long Island retail center

A spa and wellness center has taken 1,400 square feet at a Long Island retail property, in a newly announced deal by North Plainfield-based Levin Management Corp.