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.

Stone Creek Construction Group touts completed projects in Middlesex, Monmouth counties

Stone Creek Construction Group is marking the completion of three projects in central New Jersey, including a design-build renovation of a 38,000-square-foot industrial building in Middlesex County.

Structural Workshop relocates Lehigh Valley team, opens new office in downtown Easton

Engineering firm Structural Workshop has opened a new office in Pennsylvania’s Lehigh Valley as part of an expansion of its team in the region.

Kislak brokers sale of 58-unit apartment complex in New York’s Southern Tier

The longtime owners of a 58-unit apartment complex in New York’s Southern Tier has sold the property for $2.83 million, in a deal arranged by The Kislak Co. Inc.

Ridgefield Park-based KABR, Monocle Group secure lease expansion at Queens warehouse

KABR Group and Monocle Group have signed a lease extension and expansion that will allow a fast-growing auto parts retailer to double its footprint at a Queens industrial complex.

Prologis eyes new 142,000 sq. ft. industrial development near Port Newark

Prologis Inc. is bringing more than 140,000 square feet of new industrial space to a site near Port Newark-Elizabeth, in one of several projects in its New Jersey development pipeline.

Premature electrification: Will we really have the power to last?

I admire the governor’s confidence that our utility companies and infrastructure will be ready to satisfy this new desire for electric power. However, it is unclear if New Jerseyans will be clamoring for more electricity. Most New Jerseyans can neither afford the price of an electric vehicle nor the additional costs of electric appliances, nor the utility itself. Nevertheless, I applaud the governor for prioritizing the need to combat climate change through an accelerated target of 100 percent clean energy by 2035, ambitious goal-setting for electrification of the state’s building sector with an additional 400,000 residential and 20,000 commercial units by 2030 and collaborative planning for the future of the state’s natural gas utilities.

Progress Capital sources $15 million construction loan for 57-unit Roselle Park project

A developer has landed a nearly $15 million construction loan for a planned 57-unit apartment building in Roselle Park, in a deal arranged by Progress Capital.

HSF inks $53 million construction loan for 135-unit North Bergen rental project

The developer of a new 10-story, 135-unit luxury apartment building in North Bergen has secured nearly $53 million in financing from HALL Structured Finance.

Larken signs 1,400 sq. ft. lease, adds performing arts studio to Hillsborough shopping center

Larken Associates has leased more than 1,400 square feet in Hillsborough to a South Asian performing arts studio, the commercial real estate firm said Tuesday.

Private Lender Law touts new speakers, networking options at top industry conference

Organizers of the country’s largest private lending conference have unveiled a slate of changes and key additions to this year’s program, including a presentation by the forensic accounting investigator who uncovered Bernie Madoff’s Ponzi scheme.