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
Developers of The Mint in Rahway welcome mayor for ceremonial ribbon-cutting

The developers of two luxury apartment buildings in downtown Rahway recently welcomed the city’s mayor to mark the completion of the 225-unit project known as The Mint.

Residential & Mixed Use
Partnerships, collaboration in focus as NAIOP gala honors CRE leaders and deals of the year

Commercial real estate leaders turned out Thursday for NAIOP New Jersey’s annual gala, where the chapter honored five key figures and unveiled its coveted Deal of the Year winners.

Top News
NAIOP New Jersey CEO McGuinness to step down after 25 years

Mike McGuinness, the highly regarded CEO of NAIOP New Jersey, is stepping down after more than 25 years at the helm of the commercial real estate association.

Finance & Capital Markets
G.S. Wilcox secures $8.5 million refi for Hampshire-owned warehouse in Teterboro

An affiliate of The Hampshire Cos. has secured $8.5 million to refinance a Teterboro industrial building spanning more than 86,000 square feet, in a deal arranged by G.S. Wilcox & Co.

Office
Procida sells 15,000 sq. ft. Hackensack medical office building in deal brokered by JLL, Zimmel

Procida Funding & Advisors LLC has sold a 15,000-square-foot medical office building in Hackensack for $3.7 million, in a newly announced deal by JLL.

Health Care & Education
New Jersey Imaging Network inks 8,800 sq. ft. renewal in Belleville, NAI Hanson says

A radiology practice has signed a renewal at a medical office building in Belleville, where it occupies nearly 8,800 square feet under a lease with Everest Healthcare Properties.

Office
Wells Fargo inks 131,000 sq. ft. lease at Metropark office building

Wells Fargo has signed a new lease for more than 130,000 square feet at a renovated office building in the Iselin section of Woodbridge.

Retail
Kushner, Whole Foods ink lease in Eatontown as Monmouth Mall redevelopment moves ahead

Kushner Cos. has signed a 40,000-square-foot lease to bring Whole Foods to Eatontown, landing a key tenant as it advances its plan to transform the sprawling Monmouth Mall property.

Residential & Mixed Use
KRE, National top out final Journal Squared tower in Jersey City, slated to add 598 units

The team behind the landmark Journal Squared project in Jersey City has reached another milestone, having topped out the third and final building at a site that will ultimately include more than 1,800 apartments and 36,000 square feet of retail and restaurant space.

Residential & Mixed Use
Russo unveils 209-unit rental project at Orange train station

Russo Development has completed a new 209-unit luxury apartment building at the foot of the Orange train station, marking the first of two phases in the city’s burgeoning downtown.