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.

Industrial
Ridgecut Road adds two-acre industrial service facility in East Brunswick

Ridgecut Road has acquired a two-acre industrial service facility in East Brunswick, marking the latest addition to its fast-growing portfolio in the asset class.

Government & Public Policy
Warren County debuts new-look library branch after $7 million project designed by DIGroup

The Warren County Public Library has unveiled a newly renovated and expanded branch in Blairstown after more than $7 million in upgrades spearheaded by DIGroup Architecture.

Finance & Capital Markets
C&W: Affinius Capital nabs $69 million mortgage for 540,000 sq. ft. Hudson Valley warehouse

Affinius Capital has landed nearly $69 million in financing for some 540,000 square feet of new industrial space in New York’s Hudson Valley, in a deal arranged by Cushman & Wakefield.

Residential & Mixed Use
KRE Group debuts final rentals in 239-unit East Hanover redevelopment project

KRE Group has opened the final building at a new 239-unit luxury rental property in East Hanover, bringing a new use to a former corporate campus less than a mile from Route 10.

Industrial
Terentjev joins Sagard Real Estate as director, acquisitions, in Northeast

Sagard Real Estate has appointed Belah Terentjev as a director of acquisitions, as it looks to grow its portfolio across the Northeast.

Photos
In the Moment: Onyx cofounders receive Kislak Institute’s Leadership Excellence Award

From left: Cynthia Daly, interim director of the Kislak Real Estate Institute at Monmouth University, presented the program’s Leadership Excellence Award on May 29 to Onyx Equities cofounders Jonathan Schultz and John Saraceno Jr., who received the honor on behalf of their Woodbridge-based firm. The company is behind many of New Jersey’s most complex and high-profile development projects and investments that have repositioned major commercial properties, including the 2 million-square-foot Northeast Science & Technology Center at the former Merck & Co. campus in Kenilworth, as well as the modernization of the four-building, 2.3 million-square-foot Gateway office complex in Newark.

Office
Avison Young named leasing agent for 151,000 sq. ft. Fair Lawn office building

Atkins Cos. has picked Avison Young as its leasing team for more than 151,000 square feet of medical and professional office space in Fair Lawn.

Hospitality & Tourism
Development group crafting plans for Freehold Raceway after acquiring iconic horse track

A development group has acquired the historic Freehold Raceway property, marking a first step toward repurposing the horseracing track after it succumbed to years of declining business.

Finance & Capital Markets
Developers land $58 million construction loan for 197-unit Bayonne rental project, C&W says

The developers of nearly 200 new apartments in Bayonne have secured $58 million in construction financing for the project, in a transaction arranged by Cushman & Wakefield.

Top News
Denholtz to mentor, partner with veterans in new alliance with 10X Vets

Denholtz has launched a new program with 10X Vets, eyeing mentorship and partnership opportunities with the business and real estate network for military veterans.