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
Cherry Hill office, lab building changes hands in latest Vantage Commercial deal

A waterproofing and building repair business has acquired an office and laboratory building in Cherry Hill, brokers with Vantage Commercial announced last week.

Events
Atlantic Builders Convention returning to Atlantic City, with registration now open

The Atlantic Builders Convention is coming back to Atlantic City, marking the return of one of the region’s largest events after last year’s statewide shutdown due to the pandemic.

Retail
Clifton approves zoning for ‘limited’ retail uses at Prism’s ON3 campus

Prism Capital Partners has secured another key entitlement for its ON3 campus, allowing it to bring uses such as restaurants and small shops to the Clifton portion of the property.

Professional Services
Genova Burns adds new associates in real estate, employment law groups

Genova Burns LLC has named a new associate in its real estate practice group, in one of two newly announced hires for the Newark-based law firm.

Industrial
IDI names new Northeast market officer

IDI Logistics has named a new market officer for its Northeast portfolio.

Finance & Capital Markets
Kennedy Funding inks $3 million land loan, using Caribbean parcel as collateral

Kennedy Funding has closed $3 million in financing to the owner of a private residential development site in the Hamptons.

Government & Public Policy
Murphy signs bill to end eviction ban, providing new protections for renters

Gov. Phil Murphy on Wednesday took a key step toward phasing out the state’s moratorium on residential evictions, signing a bill to do so while providing relief to both renters and landlords.

Residential & Mixed Use
Marcus: Asbury Park lot zoned for 80 apartments trades for $2.2 million

A private investor has acquired an approved multifamily development site in Asbury Park for more than $2 million, brokers with Marcus & Millichap announced Wednesday.

Industrial
Apparel company takes 37,000 sq. ft. at Raritan Center industrial building, Zimmel says

An apparel company has leased nearly 37,000 square feet of warehouse space in Edison, under a newly announced transaction by Zimmel Associates.

Residential & Mixed Use
Kislak announces apartment, mobile home sales totaling $9 million

A collection of 88 apartments and mobile homes in New Jersey have sold for more than $9 million in total, in a series of transactions announced by The Kislak Co. Inc.