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
Life Time Work among new tenants at revamped, 665,000 sq. ft. Red Bank office campus

A high-end flexible workspace concept is coming to a six-building, 665,000-square-foot office campus outside Red Bank, as a joint venture continues its overhaul of the complex.

Finance & Capital Markets
JLL inks $19.6 million acquisition loan for Penwood industrial deal in Carlstadt

An affiliate of Penwood Real Estate Investment Management LLC has secured acquisition financing for a nearly 110,000-square-foot Meadowlands industrial building.

Retail
Route 46 store among two dozen Party City locations slated for closure, auction after bankruptcy

A store in Passaic County is among nearly two dozen Party City locations slated for closure or auction as part of the beleaguered chain’s bankruptcy restructuring.

Professional Services
DIGroup graphics team unveils inspiring design, wayfinding project at Trenton charter school

DIGroup Architecture has completed a project to transform the interior of a Trenton charter school, unveiling a sweeping graphic design and wayfinding program that aims to engage students with a mix of lessons, messages and historical references.

Hospitality & Tourism
Study: Meadowlands convention center, hotel complex would yield $30 billion over 30 years

A new Meadowlands convention center and hotel complex would generate $30 billion in new spending over 30 years, according to a study revealed Friday by supporters of the proposal.

Professional Services
Eider promoted to vice president investments with Marcus & Millichap

Marcus & Millichap has promoted one of its leading brokers in New Jersey to the position of vice president investments.

Finance & Capital Markets
Saxum lands $78 million construction loan for Philly rental project, in JLL-brokered deal

Saxum Real Estate has closed on nearly $78 million in financing for the first piece of what will be 466 new luxury apartments in Philadelphia’s growing Northern Liberties neighborhood.

Events
IOREBA unveils high-profile speaker lineup for upcoming ‘Developers Night’ program

The Industrial and Office Real Estate Brokers Association has unveiled a panel of eight industry leaders who will headline its popular Developers Night event next month.

Professional Services
Vantage Commercial promotes Richardson, Stein as brokerage firm continues growth

Vantage Commercial has promoted two of the top performers on its Cherry Hill-based team of brokers and advisers.

Top News
Onyx, Machine Investment Group buy 2 million sq. ft. Merck campus in Kenilworth

Merck & Co. has sold its 108-acre campus in Kenilworth to a joint venture of Onyx Equities and Machine Investment Group, with plans to lease back the nearly 2 million-square-foot complex while it relocates in phases over the next several years.