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.

Residential & Mixed Use
Developer buys Gold Coast multifamily tract as part of ongoing NRIA liquidation, CBRE says

Another multifamily development site in Hudson County has changed hands in connection with the bankruptcy of a Secaucus-based real estate firm, brokers with CBRE said Thursday.

Residential & Mixed Use
Procida completes first of eight final buildings at long-stalled Cherry Hill housing project

A team led by investor Billy Procida has completed the first of eight buildings that will help complete a long-delayed, 507-unit multifamily project in Cherry Hill.

Professional Services
Studio 1200’s Dougherty to receive AIA-NJ’s Architect of the Year award

AIA New Jersey has bestowed its 2023 Architect of the Year award on Nancy Dougherty, a managing principal of Millburn-based Studio 1200.

Industrial
Faropoint secures investment from Invesco Real Estate, eyeing continued growth

Faropoint, the fast-growing investment firm focused on last-mile industrial properties, has sold a minority stake in its business to Invesco Real Estate.

Residential & Mixed Use
Developer unveils 155-unit Newark rental project with affordable housing, space for artists

TAY Investments has opened a new 155-unit apartment building in Newark that will serve as a showcase for local artists and an infusion of housing near the Springfield Avenue corridor.

Industrial
Former longtime Heller leasing executive Paster joins BRC as vice president

Bussel Realty Corp. has deepened its bench with the addition of David Paster, a longtime leasing executive at Heller Industrial Parks and other New Jersey commercial real estate firms.

Professional Services
Genova Burns forms distressed asset task force amid uncertainty in lending, banking

Genova Burns LLC has launched a new task force to focus on distressed real estate assets, as clients navigate growing concerns around lending, banking and bankruptcy.

Hospitality & Tourism
TFE sells East Windsor hotel after three decades, adds first industrial flex property

TFE Properties has sold one of its longtime hotel properties in New Jersey, having also expanded to a new asset class with an acquisition less than 30 miles away.

Retail
KPOT Korean BBQ & Hot Pot takes 12,000 sq. ft. at Woodbridge retail center, LMC says

KPOT Korean BBQ & Hot Pot has leased 12,300 square feet at St. Georges Crossing, a grocery-anchored retail center in Woodbridge, according to a team with Levin Management Corp.

Health Care & Education
Atkins: Three tenants expand at 70,000 sq. ft. Gloucester County medical office building

Atkins Cos. has completed three lease expansions at its recently acquired, 70,000-square-foot medical office building in Gloucester County’s Washington Township.