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.

Residential & Mixed Use
Developer buys Jersey City parcel slated for 365-unit rental project, IPRG says

A developer has acquired a 1.3-acre site in Jersey City’s West Side neighborhood, with plans to bring another 365 apartments and commercial space to the fast-growing area.

Office
Veris under contract to sell Harborside 5, its final office building, for $85 million

Veris Residential Inc. is on the verge of shedding its one remaining office building, a nearly 1 million-square-foot tower in Jersey City that is under contract to sell for $85 million.

Industrial
Seagis Property Group names Ahmed as chief development officer

Seagis Property Group has appointed veteran commercial real estate executive Omer Mir Ahmed as its chief development officer.

Residential & Mixed Use
This story has been removed

Editor’s note: This story has been removed. We apologize for the inconvenience.

Finance & Capital Markets
Kennedy Funding inks $2.75 million land loan for 420-unit Kansas City rental project

Kennedy Funding has closed a $2.75 million land loan for a 420-unit multifamily project in Kansas City, Missouri, the Englewood-based firm announced Wednesday.

Retail
Boutique fitness chains are on the rise, providing a new source of demand for retail landlords

When it comes to fitness tenants, think smaller. That’s the mindset at shopping centers and downtown locations throughout New Jersey, as specialty fitness studios are increasingly finding favor with owners and customers.

Professional Services
Procida’s Weissman named president of Builders Association of Northern New Jersey

The Builders Association of Northern New Jersey has appointed Derek Weissman of Procida Funding as its new board president.

Residential & Mixed Use
Marcus: North Bergen apartment, retail building trades for $2 million

A local investor has sold an 8,100-square-foot apartment and retail building in North Bergen for $2 million, brokers with Marcus & Millichap announced Tuesday.

Industrial
BRC: Food distributor, flooring business complete trade of 7,200 sq. ft. Belleville warehouse

A specialty foods distributor has sold more than 7,000 square feet of industrial space in Belleville, in a newly announced deal by Bussel Realty Corp.

Retail
Three tenants sign leases at new 8,200 sq. ft. retail center in Warren, CBRE says

Signature Acquisitions has leased up nearly 8,200 square feet of new retail space near Interstate 78 in Warren, in a series of transactions arranged by CBRE.