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.

Retail
Goldstein Group inks sale of 7,200 sq. ft. highway retail building in Iselin

A freestanding highway retail property in Woodbridge has changed hands for an undisclosed price, in a newly announced deal by The Goldstein Group.

People
Petrucci welcomes Boone, former intern, as full-time marketing coordinator

Zoe Boone has joined J.G. Petrucci Co. Inc. as its marketing coordinator, securing a full-time role after interning with the Asbury-based developer and design-build firm.

Finance & Capital Markets
Hopkins Group scores $35 million financing deal for 50-unit Jersey City project, CBRE says

A developer has landed nearly $35 million in financing for a plan to bring 50 new apartments with ground-floor retail space to downtown Jersey City, according to brokers with CBRE.

Professional Services
JLL capital markets group promotes multifamily experts Didio Jr., Quinn and DeVesty

JLL has promoted Thomas Didio Jr., Gerard Quinn and Elizabeth DeVesty of its Morristown-based capital markets team, touting their role in the firm’s surging pipeline of multifamily deals.

Residential & Mixed Use
Marcus: Legacy family owners sell 21-unit Jersey City apartment building for $4.1 million

The longtime owners of a 21-unit apartment building in Jersey City have sold the property for $4.1 million, in a newly announced deal by Marcus & Millichap.

Residential & Mixed Use
Bayonne apartment owner adds eight-unit building in $1.6 million deal by Matthews

A local investor has acquired an eight-unit apartment building in Bayonne for more than $1.6 million, in a transaction arranged by Matthews.

Retail
Five Star Swim School takes 5,600 sq. ft. at Oakland shopping center, RIPCO says

A new swim school is coming to a Bergen County shopping center, where it will occupy nearly 5,600 square feet under a lease secured by RIPCO Real Estate.

Office
New Jersey office market ‘quietly stabilizing’ amid upward demand, declining subleases

Office vacancy in New Jersey is ticking downward after a positive fourth quarter, capping a year that saw high-end buildings continue to shine and a notable decline in sublease space.

Education
ULI’s acclaimed UrbanPlan program comes to Morris County in new, condensed format to reach more students

Students at Morris County School of Technology in Denville received a crash course in urban planning, courtesy of the Urban Land Institute Northern New Jersey, as the organization debuted a shorter version of its nationwide UrbanPlan program over two days in December.

Professional Services
MSW’s Garlick named partner, vice chair of land use, zoning and redevelopment practice

Murphy Schiller & Wilkes LLP has announced a new partner, elevating Thomas S. Garlick while naming him to leadership roles with two key practice areas.