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.

Professional Services
WCRE adds Hassman, eying continued growth in retail and industrial sectors

Wolf Commercial Real Estate has hired industry veteran Corey Hassman to help expand its retail and industrial services platform in the southern New Jersey and Philadelphia markets.

Retail
KABR-led group adds 730,00 sq. ft. Long Island retail center, in JLL-brokered deal

A private investor has sold a nearly 730,000-square-foot shopping center in New York’s Nassau County, in a deal arranged by JLL’s Morristown-based capital markets team.

Residential & Mixed Use
Hampshire unveils 70-unit rental building, as Allendale redevelopment plan comes to fruition

The Hampshire Cos. has completed a new 70-unit luxury apartment building in Allendale, marking the latest piece of a plan to revive a once-dormant industrial site.

Finance & Capital Markets
JLL: Developer lands $49 million in debt, equity for 150-unit rental project in Elmwood Park

The firm behind a 150-unit, two-building multifamily development in Elmwood Park has secured $49 million in construction financing and equity for the project, brokers with JLL announced Thursday.

Residential & Mixed Use
Buyer wanted for Hoboken development site approved for 60 luxury rentals, CBRE says

A development site in Hoboken is on the market for sale with approvals in place for a seven-story, 60-unit luxury apartment building with street-level retail space.

Deals
Fidelco, parking operator ink 4.5-acre lease near Newark Airport, Blau & Berg says

A parking lot operator has leased nearly five acres adjacent to Newark Liberty International Airport, in a newly announced deal by The Blau & Berg Co.

Residential & Mixed Use
Larken near full occupancy across 2,500-unit multifamily portfolio after strong 2023

Larken Associates is eyeing continued growth for its residential platform after a strong year of leasing activity across its existing portfolio of some 2,500 apartments.

Top News
Remembering Ed McManimon, venerated attorney and co-founder of influential firm

McManimon, Scotland & Baumann LLC is mourning the loss of Ed McManimon, a founder of the Roseland-based law firm and an influential figure in redevelopment and public finance.

Cover Story
Downtown demand: Developer aims to bring highly coveted, high-end office space to Montclair business district

BDP Holdings has unveiled plans to bring new high-end office space to Montclair as part of a 130,000-square-foot ground-up project, seeking to capture the growing demand for space in downtowns that are easily accessed by the state’s skilled suburban labor pool.

Residential & Mixed Use
EDA pledges $200 million Aspire tax credit for mixed-use ‘NJPAC District’ project in Newark

A sweeping plan to expand the New Jersey Performing Arts Center campus in Newark has secured a 10-year, $200 million tax credit award under the state’s Aspire program, in a key step for a project that would include 350 apartments and new commercial and community spaces.