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.

Professional Services
Sheldon Gross Realty hires new corporate sales rep focused on Central Jersey

Sheldon Gross Realty has made another addition to its fast-growing team, hiring a Bridgewater resident as a corporate sales representative.

Professional Services
DIGroup-designed school in Perth Amboy notches LEED silver certification

A Perth Amboy elementary school designed by DIGroup Architecture has earned certification on the U.S. Green Building Council’s Leadership in Energy and Environmental Design scale.

Office
Fidelco adds to tenant roster at 550 Broad in Newark, in lease with historic nonprofit

Fidelco Realty Group has brought another tenant to a well-known office tower in downtown Newark, inking a lease with a nonprofit that has served the city for nearly a century.

Event Coverage
Atlantic Builders Convention returns with renewed energy, focus on housing affordability

Thousands of homebuilders and service providers flocked to Atlantic City this week for the return of the Atlantic Builders Convention, where the breadth of the industry was on full display alongside a renewed focus on housing affordability.

Finance & Capital Markets
JLL: Delta Equity Management refis new 196,000 sq. ft. industrial building

The developer of a new distribution center in Bayonne has secured funds to refinance the nearly 196,000-square-foot property, according to a debt placement team with JLL.

Residential & Mixed Use
Walters plans April delivery for second age-, income-restricted rental building in Branchburg

Development firm Walters has nearly completed the final piece of a new age-restricted apartment community in the Somerset County township of Branchburg.

Residential & Mixed Use
Logical Buildings launches $110 million platform to help landlords capture energy savings

Logical Buildings, a technology firm that helps landlords manage their energy costs, has launched a new $110 million facility for a so-called virtual power plant project that seeks to help apartments owners realize new savings and reduce their carbon footprint.

Office
Joint venture buys 101,000 sq. ft. Princeton-area office building, JLL says

An investment group has purchased a nearly 101,000-square-foot office building some five miles from downtown Princeton, in a newly announced deal by JLL.

Finance & Capital Markets
STRO, Valley ink $11 million refi for 81,000 sq. ft. Hackensack industrial park

The STRO Cos. has secured an $11 million loan to refinance an 81,000-square-foot industrial park in Hackensack.

Health Care & Education
Atkins buys Washington Twp. medical office building for $14 million

Atkins Cos. has expanded its medical office portfolio with the addition of more than 70,000 square feet in Gloucester County, brokers with Avison Young announced Tuesday.