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
Accurate launches leasing at new 185-unit apartment community in Little Falls

Accurate has unveiled another piece of its fast-growing luxury apartment portfolio with the launch of leasing at a new 185-unit property in Little Falls.

Industrial
Blau & Berg inks 31,000 sq. ft. sublease at Elizabeth truck terminal

A trucking company has signed a 31,000-square-foot sublease for a terminal facility in Elizabeth, in a newly announced deal by The Blau & Berg Co.

Community
Blue Onyx, Paterson Music Project host festival supporting Turkey-Syria earthquake relief

A crowd of Paterson residents and community leaders descended on the city’s Great Falls section earlier this month, supporting relief efforts for the recent earthquake in Turkey and Syria while showcasing a local after-school music program for students.

Residential & Mixed Use
Brookfield, G&S break ground on 802-unit high-rise at ShopRite property in Jersey City

A joint venture has broken ground on a high-rise that will add more than 800 apartments to downtown Jersey City, in the latest phase of a plan to transform a well-known retail property.

People
Azarian Group promotes Pelio to executive vice president

The Azarian Group LLC, the Midland Park-based commercial real estate firm, has promoted Kevin Pelio to executive vice president.

Office
Sheldon Gross: Lens maker buys 13,000 sq. ft. North Plainfield office building for $1.4 million

An optic lens maker has acquired a nearly 13,000-square-foot office building in North Plainfield, brokers with Sheldon Gross Realty announced Tuesday.

Industrial
NAI Hanson inks sale of 8,000 sq. ft. Hackensack warehouse

An owner-occupier has purchased a nearly 8,000-square-foot industrial building in Hackensack, in a newly announced deal by NAI James E. Hanson.

Residential & Mixed Use
Larken Associates’ Irwin elevated to property manager

Larken Associates has promoted a leasing consultant on its multifamily team to the role of property manager, the Branchburg-based firm announced Tuesday.

Residential & Mixed Use
Petrucci, TD+ Partners unveil 172-unit rental property in East Orange

J.G. Petrucci Co. Inc. has completed a new 172-unit luxury apartment building in East Orange, having transformed what was a vacant site about two blocks from Interstate 280.

Finance & Capital Markets
Developers ink $180 million construction loan for 1.7 million sq. ft. Pennsville logistics park

A joint venture has secured a $180 million construction loan for what will be a two-building, 1.7 million-square-foot industrial park just off the Delaware Memorial Bridge in Salem County.