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.

Finance & Capital Markets
Progress sources $61 million acquisition loan for Vision Properties deal in Northern Virginia

An investor has secured more than $60 million in acquisition financing for a 270,000-square-foot office building in Northern Virginia, in a deal arranged by Progress Capital.

Finance & Capital Markets
Developer of 203-unit Newark rental tower inks $50 million construction loan, FM Capital says

A developer has secured nearly $50 million in financing for a planned 203-unit apartment building in Newark’s University Heights section, in a deal arranged by FM Capital.

Industrial
D4 Properties eyes new 275,000 sq. ft. industrial development in Warren County

D4 Properties has unveiled a proposal to bring nearly 275,000 square feet of new industrial space to a stretch of Interstate 78 in southwest Warren County.

Residential & Mixed Use
Kislak: Bayonne development site approved for 197 rentals fetches $10 million

A developer has sold a series of parcels in Bayonne where city officials have approved plans for nearly 200 new apartments, in a deal arranged by The Kislak Co. Inc.

Retail
Former restaurant site in Paramus sold to auto repair business, Goldstein Group says

An auto repair business is expanding to Paramus after buying a former restaurant property on Route 4, brokers with The Goldstein Group announced Monday.

Deals
Route 35 development parcel in Sayreville sold, in Blau & Berg-brokered deal

The Blau & Berg Co. has brokered the sale of nearly two-thirds of an acre in Sayreville that it says is now slated for future development.

Residential & Mixed Use
Cervelli tapped as property manager by owners of Weehawken apartments

The owner of nearly 50 apartments in Weehawken has tapped Cervelli Real Estate and Property Management as its agent at the property, in one of two new assignments for the firm.

Health Care & Education
Physical therapy, sports rehab practice plans new 5,000 sq. ft. location in Medford

A physical therapy practice in Burlington County is expanding with its move to a new 5,000-square-foot location slated to open later this year.

Industrial
Mertz: Investor sells Bucks County headquarters, manufacturing site in 1031 deal

An investor has acquired the site of a roughly 25,000-square-foot office and manufacturing facility in Pennsylvania’s Bucks County, in a newly announced deal by NAI Mertz.

Residential & Mixed Use
Skyline wins key approvals for Jersey City project with 420 rentals, community space

A development that would bring 420 new apartments, market-style retail space and a recreation center to Jersey City is moving ahead after securing two key local approvals.