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.

Finance & Capital Markets
First Bank, Malvern secure approvals to complete $150 million merger

First Bank has secured a series of state and federal regulatory approvals to acquire Malvern Bancorp Inc., with plans to complete the previously announced deal in the coming weeks.

Industrial
Industrial vacancy drifts upward in New Jersey amid new construction, ‘normalized’ demand

Vacancy in New Jersey’s booming industrial market has ticked upward, thanks to a flurry of new construction and a return to what experts describe as normalized demand levels.

Professional Services
Bowman taps Sylvester as vice president of New Jersey operations, eyeing continued growth

Bowman Consulting Group Ltd. has hired industry veteran and brownfield development expert Michael Sylvester as its vice president of New Jersey operations.

Residential & Mixed Use
Cervelli named property manager of new 18-unit apartment building in Jersey City

The owner of a new 18-unit apartment building in Jersey City has hired Cervelli Real Estate & Property Management to spearhead its operation of the property.

Finance & Capital Markets
Spencer adds Garip as vice president, commercial and industrial lending relationship manager

Spencer Savings Bank has welcomed a new vice president and commercial and industrial lending relationship manager to its Elmwood Park-based team.

Deals
NAI Mertz inks new lease in Pennsylvania for growing badminton, table tennis business

A badminton and table tennis club has leased space in Pennsylvania’s Bucks County, about 45 miles west of New Jersey, in a deal arranged by NAI Mertz.

Industrial
Goodman launches leasing for planned 100,000 sq. ft. industrial building in Carlstadt

Construction is set to begin on a 100,000-square-foot industrial building in Carlstadt, in a project that will bring modern logistics space to the aging Meadowlands submarket.

Residential & Mixed Use
Fox and Foxx eyes 85-unit rental project in Green Brook, continuing move into multifamily

A longtime homebuilder in New Jersey has entered the multifamily sector with two projects in Edison and plans for another in the Somerset County township of Green Brook.

Residential & Mixed Use
Sheldon Gross, Berkadia close $4 million sale of 21-unit South Orange rental building

The longtime owner of a 21-unit apartment building in South Orange has sold the property for $4.1 million, in a deal arranged by Sheldon Gross Realty and Berkadia.

Professional Services
Bertone Piccini deepens real estate law team with newest attorney hires

Bertone Piccini LLP has bolstered its real estate practice with two recent additions to its Hasbrouck Heights-based team.