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
WCRE taps veteran broker to lead New York expansion, boosts partnership with CORFAC

Wolf Commercial Real Estate, the Marlton-based firm with deep ties to South Jersey and the Philadelphia metro, is expanding northward with a new office in the New York region

Editor’s Note
A proud moment as NJIT’s Newark Startup Studio graduates 45 minority entrepreneurs

I hope you’ll indulge me this morning as I highlight a proud moment for all of us at Real Estate NJ. It came at this week’s Newark Summit, where New Jersey Institute of Technology President Teik Lim addressed the hundreds that were assembled in downtown Newark.

Finance & Capital Markets
JLL: Spitzer, Titanium ink $19 million refi for new 83-unit Journal Square rental project

An investment group has snagged nearly $19 million to refinance a newly built, 83-unit apartment building in Jersey City, according to a debt placement team with JLL.

Residential & Mixed Use
CIS lands $9 million in HMFA funding for affordable senior housing project in Moorestown

Community Investment Strategies Inc. has secured nearly $9 million in state funding for a new 82-unit, age-restricted affordable housing development in Moorestown.

Retail
REDCOM starts construction on new Honda dealership on Route 3 in Clifton

REDCOM Design & Construction has started its work on a project that will help a Honda dealership expand its footprint while consolidating its teams in Clifton.

Office
Signature Acquisitions adds three tenants in Cranford as part of Q3 leasing activity

Signature Acquisitions has inked three new leases at a Cranford office building, helping to fuel nearly 24,000 square feet of activity across its New Jersey portfolio in the third quarter.

Office
As Newark’s office market grows, panelists see new strength in city’s long-held assets

Despite uncertainty about the broader office market, the local landscape in Newark is changing for the better, as corporations place a greater premium on culture, experiences and other assets that have long existed in the city alongside its connectivity and access to talent.

Residential & Mixed Use
BNE debuts luxury rentals in Chatham, providing a new gateway to Morris County borough

BNE Real Estate Group has opened the doors to its new upscale multifamily property in Chatham — one that’s a far cry from the boutique project it envisioned just a few years ago.

Finance & Capital Markets
Denholtz launches rescue capital fund amid real estate market uncertainty

Denholtz Properties has launched what it’s describing as a rescue capital fund aimed at helping commercial real estate operators who are grappling with the market’s financial challenges.

Finance & Capital Markets
Cronheim: NRDC refis Walmart-anchored center in Burlington County for $11 million

National Realty & Development Corp. has secured $11 million to refinance a 328,000-square-foot shopping center in Cinnaminson, in a deal arranged by Cronheim Mortgage.