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
Preleasing underway at new 44-unit luxury rental property in Hillsborough

Adoni Property Group is set to unveil a new 44-unit luxury apartment property in Hillsborough, according to a leasing and marketing team with Coldwell Banker Realty.

Industrial
Diversified buys 9,000 sq. ft. industrial building in Montville

Diversified Properties has purchased a 9,000-square-foot industrial building in the Towaco section of Montville.

Editor’s Note
Sustained success

As you’ll read in this month’s cover story, the state’s Community Solar Energy Pilot Program has made it both easier and more lucrative for commercial property owners in New Jersey to go green, allowing solar developers to lease their rooftops and sell power to nearby residents. The policy has been critical to the growth of Solar Landscape, a solar developer founded in 2012 that’s been integral to the program’s rollout. Based in Asbury Park, the 10-year-old firm has leased more than 20 million square feet of rooftop space in New Jersey, making it a key player in the commercial real estate market in just a few years.

Residential & Mixed Use
Kislak: Family owners sell 120-unit apartment portfolio in Elizabeth, Hillside for $15 million

A family ownership group has sold a 120-unit apartment portfolio in Union County for $15 million, in a newly announced deal by The Kislak Co. Inc.

Professional Services
Cushman details 17 new hires on New Jersey capital markets, leasing and operations teams

Cushman & Wakefield has announced a flurry of new hires aimed at bringing young talent to its capital markets, leasing and operations teams in New Jersey.

Finance & Capital Markets
Apartment owner closes $79 million refi for New Jersey, Bronx apartment portfolio

The owner of an apartment portfolio spanning more than 1,000 units in New Jersey and the Bronx has refinanced for nearly $80 million, in a deal arranged by Eastern Union.

Retail
Pierson Commercial inks $2.5 million sale of commercial condo at Hoboken’s Wonder Lofts

Prism Capital Partners has sold a 3,400-square-foot commercial condominium at the newly opened Wonder Lofts property in Hoboken, in a deal arranged by Pierson Commercial.

Professional Services
Structural Workshop expands to South Florida, eyeing opportunities in condo sector

Structural Workshop, a Mountain Lakes-based engineering firm, has opened a third office with its expansion to South Florida.

Community
Dermody gifts $5,000 to Food Bank of South Jersey as part of annual program

Dermody Properties has provided $5,000 to The Food Bank of South Jersey as part of an annual giving program by the national industrial developer.

Professional Services
DIGroup president named ‘power player’ in Disadvantaged Business Enterprise industry

A trade magazine has recognized a top executive with DIGroup Architecture for his commitment to giving back to the communities in which he serves, the firm announced.