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.

Industrial
Blau & Berg: Tenant leases nine-acre outdoor storage site in Wayne for Amazon delivery vans

A shipping company has leased a nine-acre trucking facility near the eastern edge of Wayne, in a newly announced deal by The Blau & Berg Co.

Office
Birch Group, Jefferies ink 60,000 sq. ft. renewal at 101 Hudson in Jersey City, CBRE says

Financial services firm Jefferies has renewed its 60,000-square-foot lease at a well-known Jersey City office tower, in the largest of several newly announced deals by CBRE.

Finance & Capital Markets
Affinius Capital lends $102 million for 700,000 sq. ft. Burlington industrial project

Affinius Capital LLC has closed a $102 million construction loan for a 700,000-square-foot industrial project at the western edge of Burlington County, just outside Philadelphia.

Residential & Mixed Use
AvalonBay unveils 221-unit luxury rental property, its second in Princeton

AvalonBay Communities Inc. has completed its new 221-unit multifamily project in Princeton, where it has redeveloped the site of two outdated, obsolete office buildings near Route 206.

Residential & Mixed Use
Family office sells 41-unit Jersey City apartment building for $8 million, CBRE says

A private investment group has purchased a 41-unit apartment building in Jersey City for more than $8 million, according to a brokerage team with CBRE.

Office
Sanzari, Matthews sign lease in Teaneck for real estate services firm’s New Jersey office

Alfred Sanzari Enterprises has secured another tenant for its Glenpointe campus in Teaneck, having leased nearly 3,000 square feet to Matthews Real Estate Investment Services Inc.

Retail
Larken Associates leases 3,000 sq. ft. in Lopatcong to martial arts studio

Larken Associates has brought a martial arts studio to a Warren County retail property after completing a lease for nearly 3,000 square feet.

Residential & Mixed Use
Related plans 750 rentals in Jersey City after $58 million land deal with Veris

Veris Residential Inc. has completed its sale of a Jersey City development site to Related Cos., whose plans for the parcel call for 800 apartments one block from the Hudson waterfront.

Residential & Mixed Use
Bijou sells 69-unit Hoboken luxury rental property in trade, financing deal arranged by JLL

Bijou Properties has sold a two-building, 69-unit luxury apartment portfolio in northern Hoboken, in a newly announced deal by JLL.

Government & Public Policy
Fort Monmouth master plan update, key step for Netflix campus, submitted for public comment

The state has taken a key procedural step in the plan to bring a massive Netflix studio campus to the Eatontown and Oceanport sections of the iconic Fort Monmouth property.