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.

Industrial

Prologis boosting curb appeal of Meadowlands properties with multimillion-dollar façade project

Prologis Inc. has embarked on a major refresh of its Meadowlands industrial portfolio, seeking to enhance its presence and the appeal of its buildings in one of the region’s key submarkets.

NAIDB: Middlesex, Union counties stand out as rising rates weigh on N.J. investment sales

Middlesex and Union counties emerged as key focal points for commercial real estate investors in the first half of 2023, accounting for some $700 million in sales through midyear.

Finance & Capital Markets

Capital One closes $200 million debt package for 1,300-unit portfolio in New Jersey, New York

Capital One has provided $200 million in financing in connection with four apartment properties spanning more than 1,300 units in New Jersey and New York, the lender announced.

Residential & Mixed Use

Investor sells 18 apartments, two retail spaces in Elizabeth portfolio deal, Kislak says

A private investor has purchased a combined 18 apartments and two retail spaces in Elizabeth for more than $4 million, in a newly announced deal by The Kislak Co. Inc.

Retail

March Construction eyes spring 2024 delivery for newest Wayne retail center

Construction is underway on a new ground-up retail center in Wayne that will bring a mix of eateries and services to one of the township’s busiest shopping corridors.

Office

Pagano brokers sale of 13,000 sq. ft. Elmwood Park office building

A labor organization has purchased a 13,000-square-foot office building in Elmwood Park, in a deal arranged by brokers with Pagano Co.

Retail

Printing company takes space at Warren County retail center, KW Commercial Clinton says

A printing and marketing company has signed a long-term lease at a Warren County retail center, in a newly announced deal by KW Commercial Clinton.

Residential & Mixed Use

LeFrak unveils pickleball courts in iconic Newport neighborhood in Jersey City

The fast-growing pickleball craze has arrived in Jersey City’s acclaimed Newport district, where LeFrak has transformed a plaza space into free pop-up courts that are open to the public.

Government & Public Policy

BPU adopts permanent community solar program after successful pilot period

A state pilot program that has brought solar panels and new revenue to dozens of New Jersey industrial buildings is now permanent after a recent vote by utility regulators.

Office

Stifel takes 51,000 sq. ft. near Morristown, in planned move from Florham Park

Financial services firm Stifel has leased nearly 51,000 square feet of office space in Morris Township, paving the way for it to move its regional branch in New Jersey.