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.

Office
Pharma giant AbbVie takes 92,000 sq. ft. at BASF office building in Florham Park

Global pharmaceutical firm AbbVie has leased more than 90,000 square feet in Florham Park, where it will occupy part of the acclaimed BASF North American headquarters building.

Residential & Mixed Use
Fields Grade, Alpine top out 169-unit multifamily tower in Jersey City

Developers have completed vertical construction of what will become the tallest building in Jersey City’s burgeoning Bergen-Lafayette neighborhood near Liberty State Park.

Professional Services
WCRE adds broker focused on growth in Atlantic City region

Wolf Commercial Real Estate has hired a new senior adviser to support its growth in and around Atlantic County, the Marlton-based firm announced.

Professional Services
DeSimone Consulting acquires Dowco global detailing, BIM services business

A global engineering firm with several key projects in New Jersey is set to expand its platform as part of an acquisition announced earlier this month.

Community
Sanzari Family Foundation awards 13 new grants totaling $50,000

The Alfred N. Sanzari Family Foundation has announced a combined $50,000 in grants under its latest round of funding for nonprofits in northern New Jersey.

Residential & Mixed Use
Marcus New Jersey team helps broker sale of 57-unit rental complex in Raleigh

A private investor has sold a 57-unit apartment complex in Raleigh, North Carolina, for nearly $10 million, according to a broker in Marcus & Millichap’s New Jersey office.

Residential & Mixed Use
Developer set for spring groundbreaking for 43-unit Guttenberg rental project

A joint venture is planning a spring groundbreaking for a project that will bring 43 new apartments to the small town of Guttenberg in Hudson County.

Finance & Capital Markets
Provident closes $7.5 million loan to refi Ashkenazy-owned retail center in Atlantic City

Ashkenazy Acquisition Corp. has secured a $7.5 million loan to refinance a 76,000-square-foot, grocery-anchored shopping center in Atlantic City.

Retail
Katz & Associates promotes New Jersey-based broker to vice president

Katz & Associates has announced a series of promotions to start the year, including one in the brokerage firm’s home office in Englewood Cliffs.

Retail
TFE acquires distinctive 12,000 sq. ft. retail property in downtown Westfield

TFE Properties LLC has purchased a former bank building in downtown Westfield that in recent years has been home to an Urban Outfitters store, the firm announced.