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.

Industrial
BRC inks sale of 69,000 sq. ft. industrial building in New Brunswick

A private partnership has sold a nearly 70,000-square-foot industrial building in New Brunswick, in a newly announced transaction by Bussel Realty Corp.

Retail
T-Mobile taking 5,000 sq. ft. in West New York

T-Mobile has leased some 5,000 square feet at a mixed-use building in Hudson County, under a newly announced transaction by The Goldstein Group.

Finance & Capital Markets
J&L lands $94 million construction loan for long-awaited, 403-unit project in Newark

The developer of a 12-story, 403-unit apartment complex in Newark’s Ironbound section has secured $94 million in financing, in a newly announced transaction by Greystone.

Events
NAIOP New Jersey unveils deal of the year finalists for industrial, office projects

NAIOP New Jersey has announced seven finalists for its coveted Deal of the Year honors, with plans to unveil the winners at its annual awards gala slated for early October.

Industrial
North Jersey leading nation in rent growth for industrial space, CBRE finds

Northern New Jersey is leading the nation in rent growth for industrial and logistics properties, according to CBRE, as the market remains undersupplied with tenant demand still soaring.

Retail
Grid: Lease by specialty food, tobacco shop among latest Jersey City retail deals

A specialty food and tobacco shop will open its first New Jersey location, in downtown Jersey City, in one of several newly announced retail deals by Grid Real Estate.

Top News
New Brunswick health care, education leaders break ground on $750 million cancer center

Construction is underway on what will be the latest addition to the New Brunswick skyline — a 12-story, 510,000-square-foot cancer hospital operated by two of the city’s anchor institutions.

Residential & Mixed Use
Developers launch construction for 56-unit affordable housing property in Irvington

A development team has broken ground on a 56-unit apartment building in Irvington that will serve low- and moderate-income renters and residents with special needs.

Government & Public Policy
NJAA lauds passage of bill to end state’s eviction moratorium

A bill that would wind down New Jersey’s moratorium on residential evictions is headed for Gov. Phil Murphy’s desk, drawing cheers from many landlords after months of uncertainty.

Retail
Kislak: Nutley restaurant space, with liquor license, on the market for $1.6 million

The owner of a 12,000-square-foot restaurant, bar and banquet space in downtown Nutley is seeking a buyer for the facility, in a newly announced offering by The Kislak Co. Inc.