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.

Community
Lee & Associates N.J. donates backpacks, school supplies to United Way of Passaic County

Brokers and staff with Lee & Associates New Jersey came together this month to support an annual school supply drive by the United Way of Passaic County.

Professional Services
DIGroup marks National Minority Enterprise Development Week

DIGroup Architecture is reinforcing its commitment to diversity both internally and externally, as the New Brunswick-based firm marks National Minority Enterprise Development Week.

Residential & Mixed Use
Panepinto, adding to five-decade legacy in Jersey City, breaks ground on 605-unit high-rise

Panepinto Properties has broken ground on a 53-story residential tower in Jersey City, with plans to add more than 600 apartments to the burgeoning Journal Square neighborhood as its hails its latest investment during nearly five decades in the municipality.

Government & Public Policy
Developer lands $90 million Aspire tax credit award for 350-unit Newark rental project

A developer has secured a $90 million tax credit award for its plan to build a 14-story, 350-unit apartment building just south of Newark’s Broad Street station.

Finance & Capital Markets
Lenders Capital closes $29.5 million in financing for deals in New Jersey, Florida

The owner of an industrial property in Hamilton has refinanced the asset for $18.4 million, in one of two deals announced by Lenders Capital Realty Services.

Industrial
BRC: Utility contractor takes 4,700 sq. ft. at Middlesex industrial building

A utility line contractor has leased nearly 5,000 square feet of industrial space in Middlesex Borough, in a newly announced deal by Bussel Realty Corp.

Professional Services
Multifamily finance expert joins CBRE as vice president for debt, structured finance team

CBRE has added a veteran broker to its Saddle Brook-based team, helping to bolster its debt and structured finance business in multifamily and other asset classes.

Industrial
Clarion sells 203,000 sq. ft. Monroe industrial building for $54 million

Clarion Partners has sold a 203,000-square-foot industrial building in Monroe for nearly $54 million, in a newly announced deal by CBRE.

Office
JLL: Town & Country Living leases 30,000 sq. ft. at rebranded office building in Glen Rock

Home décor company Town & Country Living has taken 30,000 square feet at a newly renovated office building in Bergen County, according to a leasing team with JLL.

Government & Public Policy
Murphy taps BPU’s Guhl-Sadovy to succeed Fiordaliso, agency’s late president

Gov. Phil Murphy has tapped New Jersey Board of Public Utilities Commissioner Christine Guhl-Sadovy as the agency’s new leader, following the sudden death last week of longtime President Joseph L. Fiordaliso.