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
Inspired lands key approval, eyes 2024 groundbreaking for Asbury Park luxury condos

Inspired by Somerset Development has received site plan approval to bring 155 upscale condominiums and retail space to a parcel one block from Asbury Park’s iconic boardwalk.

Hospitality & Tourism
Hampshire teams with Chef David Burke to refresh historic Bernards Inn

The owners of The Bernards Inn have teamed with acclaimed chef David Burke as part of a plan to breathe new life into the historic hotel and restaurant property in Somerset County.

Residential & Mixed Use
First residents arrive at new Accurate rental property in Bayonne

Accurate has welcomed its first residents to a waterfront multifamily property in Bayonne, part of the ongoing redevelopment of the city’s historic Military Ocean Terminal property.

Office
Boniakowski completes sale of 35,000 sq. ft. office building in Union Twp.

An investor has purchased a 35,000-square-foot office building in Union Township for $4 million, in a newly announced deal by The Boniakowski Commercial Real Estate Group.

Residential & Mixed Use
Developer plans new housing in Hackensack after five-parcel acquisition, NAI Hanson says

A developer has acquired five parcels near downtown Hackensack with plans to build a new residential project just steps from NJ Transit rail service.

Residential & Mixed Use
Investor buys three-property, 41-unit apartment portfolio in Paterson

A private investor has purchased a 41-unit apartment portfolio in Paterson for more than $5.1 million, in a newly announced deal by RIPCO Real Estate.

Office
TFE adds 22,000 sq. ft. office, medical building in East Brunswick

TFE Properties LLC has acquired a nearly 22,000-square-foot commercial and medical office building off Route 18 in East Brunswick, the firm announced.

Professional Services
Longtime broker, entrepreneur joins Sitar as senior director

A veteran broker has joined Sitar Realty Co. as a senior director, with a focus on leasing and sales of restaurants, retail, warehouse and multifamily properties.

Industrial
Denholtz completes new 41,000 sq. ft. flex industrial building in Hamilton

Denholtz Properties has delivered more than 40,000 square feet of new flex industrial space in Hamilton with the completion of a project just off Interstate 195.

Finance & Capital Markets
Slate Property Group closes $160 million bridge loan for 432-unit Journal Square rental tower

Namdar Group has landed a $160 million bridge loan for its newly completed, 432-unit apartment tower in Jersey City’s burgeoning Journal Square section.