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
LeFrak lands planning board approval for two-tower, 322-unit rental project in Jersey City

LeFrak has secured a key approval to build another 322 apartments in Jersey City, joining a growing list of developers in an area just south of Hoboken and west of the Holland Tunnel.

Residential & Mixed Use
Walters eyes 2024 delivery of new 63-unit affordable housing property in Chatham

Walters has broken ground on a new 63-unit apartment community in Chatham, in the latest piece of the developer’s fast-growing pipeline of affordable housing.

Residential & Mixed Use
Iron Ore hits leasing milestone, rents two-thirds of 120-unit Plainfield apartment building

A development team has leased nearly two-thirds of a new 120-unit apartment building in Plainfield, reaching the milestone less than four months after unveiling the property.

Health Care & Education
Health care user takes 4,400 sq. ft. at West Windsor office building, Fennelly says

The owner of a West Windsor office building has added to its tenant roster with a new lease of nearly 4,500 square feet, according to a brokerage team with Fennelly Associates.

People
Meno joins Levin Management Corp. as controller

Levin Management Corp. has added a veteran finance and accounting professional as a controller on its North Plainfield-based team.

Retail
Accurate, DeVimy unveil ground-up 140,000 sq. ft. retail project in Morris Township

A joint venture has taken the wraps off a 140,000-square-foot retail center in Morris Township, delivering a new, ground-up space that will house more than two dozen businesses.

Industrial
Crow Holdings unveils new three-building, 1.2 million sq. ft. industrial campus in Carteret

Crow Holdings Development has completed a new three-building, 1.2 million-square-foot industrial campus just off the New Jersey Turnpike in Carteret.

Industrial
JLL: Buyer wanted for seven-building, 1.2 million sq. ft. industrial portfolio in East Hanover

The owner of more than 1.2 million square feet of industrial space in East Hanover is seeking a buyer for the seven-building portfolio, according to brokers with JLL.

Finance & Capital Markets
Reynolds, Walker & Dunlop secure $6.7 million refi for new Bound Brook apartments

Reynolds Asset Management has refinanced a new 28-unit luxury apartment building in Bound Brook, securing a Fannie Mae loan for more than $6.7 million through Walker & Dunlop.

Top News
‘Turnkey’ school building in Fanwood on the market for sale or lease, Lee & Associates says

The site of a 36,000-square-foot school building in Fanwood is on the market for sale or lease, in a newly announced offering by Lee & Associates New Jersey.