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
Law firm takes 6,600 sq. ft. in Paramus office deal, C&W says

A law firm has leased nearly 7,000 square feet at a renovated office building in Paramus, in a newly announced deal by Cushman & Wakefield.

Finance & Capital Markets
Private Lender Law details joint venture with digital platform Mortgage Automator

The Marlboro-based practice known as Private Lender Law is teaming with a digital loan management platform in a bid to further streamline its closing services for clients.

Office
Clinical researcher expanding, moving to AEP-owned office space in Warren, JLL says

A clinical trial company is expanding and relocating to a Warren office building under a lease with American Equity Partners, in a newly announced transaction by JLL.

Industrial
BRC inks 63,000 sq. ft. lease in Metuchen with Seagis, trucking company

Seagis Property Group has secured a new commitment at a Metuchen industrial building, where a trucking company is leasing nearly 63,000 square feet.

Professional Services
JRM serving as general contractor for Ferrari North America renovations in Englewood Cliffs

Ferrari North America has tapped JRM Construction Management as its general contractor for an overhaul of its longtime facility in Englewood Cliffs.

Health Care & Education
Oral surgery practice set to open in newly sold, 10,000 sq. ft. medical office condo in Paramus

A medical office condominium in Paramus has changed hands and is set to become the home of a new oral surgery practice, brokers with NAI James E. Hanson announced Thursday.

Events
Multifamily construction starts tick downward, but panelists express long-term optimism

Rising interest rates are weighing on New Jersey’s multifamily pipeline, at least in the near term, but have seemingly not dampened the longer outlook for new construction.

Industrial
Denholtz adds five-acre industrial parcel on Newark waterfront

Denholtz Properties has purchased a five-acre outdoor storage parcel in Newark, in the latest investment under a recently announced joint venture targeting industrial properties.

Industrial
Taconic signs 151,000 sq. ft. renewal at Morris Twp. industrial building

Taconic Partners has signed a 151,000-square-foot lease renewal at a Morris County industrial building with a freight transportation company.

Finance & Capital Markets
Cronheim: Owner of newly built Hillsborough apartments snags $49 million permanent loan

The owner of a new mixed-use town center development in Hillsborough has secured a $49 million permanent take-out loan, according to an advisory team with Cronheim Mortgage.