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
CrownPoint eyes 125-unit rental project after closing on Randolph development parcel

CrownPoint Group has acquired a nearly 15-acre development site in Randolph that is fully approved for 125 upscale apartments and townhomes.

Finance & Capital Markets
Provident inks $19 million construction loan for Newark self-storage project, JLL says

A development team has landed a $19 million construction loan for a 1,332-unit self-storage project in Newark’s Ironbound section, according to a debt placement team with JLL.

Retail
Former bank branch on Route 46 in Parsippany trades for $3 million, Kislak says

A local property owner has acquired a former bank branch property in Parsippany for $3 million, brokers with The Kislak Co. Inc. announced Friday.

People
STRO taps Otterbein, veteran of top New Jersey real estate firms, as controller

The STRO Cos. has hired a longtime commercial real estate industry executive in New Jersey as its new controller.

Photos
Association honors Jersey City apartment developers, builders in inaugural awards program

Real estate leaders along the Hudson waterfront took center stage last week when the Jersey City Apartment Owners Association hosted a newly launched awards program.

Residential & Mixed Use
New 52-unit luxury rental building in Pompton Lakes fetches $20 million, Hudson Atlantic says

A private investor has purchased a newly completed, 52-unit apartment building in Pompton Lakes for $20 million, according to a brokerage team with Hudson Atlantic Realty.

Industrial
ReadySpaces takes 82,000 sq. ft. at North Bergen industrial building

Co-warehousing firm ReadySpaces has leased more than 82,000 square feet in North Bergen, in a transaction arranged by the William F. Connors Agency.

Office
Six office tenants lease 22,000 sq. ft. at 30 Montgomery in Jersey City, C&W says

Six tenants have combined to lease nearly 22,000 square feet at an office building in downtown Jersey City, in a series of recent deals arranged by Cushman & Wakefield.

Residential & Mixed Use
Halpern plans early 2024 delivery for new 337-unit rental project in Jersey City

A new 337-unit luxury apartment building in Jersey City’s growing West Side neighborhood is on track to open in early 2024, developer Halpern Real Estate Ventures said Thursday.

Industrial
Camber, Advance sell 770,000 sq. ft. Bergen County industrial portfolio in deal with Faropoint

Camber Real Estate Partners and Advance Realty Investors have sold more than 770,000 square feet of industrial space in Bergen County, brokers with Cushman & Wakefield announced.