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
Two-year-old, 214-unit apartment building in Dover trades for $75 million, Berkadia says

An investment group has sold a 214-unit luxury apartment building in Dover for $75 million, marking the second trade of the property since late 2020.

Industrial
Realterm buys low-coverage, 67,000 sq. ft. warehouse site in Bergen County

Investment firm Realterm has purchased a 66,504-square-foot warehouse in the Bergen County borough of Fairview.

Residential & Mixed Use
Saint Peter’s unveils new ‘Panepinto Hall’ in honor of Jersey City developer, alumnus

Saint Peter’s University has opened a new residence hall in Jersey City that will be named after iconic developer Joseph A. Panepinto, an alumnus and longtime benefactor of the school.

Residential & Mixed Use
Penthouse at Hoboken’s ‘Wonder Lofts’ sold for multimillion-dollar price

A buyer has snagged one of two multimillion-dollar penthouses at Wonder Lofts, the new upscale condominium property at the site of the historic Wonder Bread factory in Hoboken.

Residential & Mixed Use
Developers hit 80 percent leased milestone at ‘Print House’ project in Hackensack

A development team has leased more than 200 apartments at the first phase of a large redevelopment project in Hackensack, at the former site of The Record daily newspaper.

Top News
With fast-growing pipeline, Alpine makes major investment in historic Jersey City neighborhood

Alpine Residential is betting big on Jersey City’s Bergen-Lafayette neighborhood, where it recently built more than 200 luxury apartments and is planning another $430 million in new development — including a high-profile project at the nearby Liberty Science Center.

Residential & Mixed Use
Developer breaks ground on 51-unit rental building in Orange, Avison Young says

Construction is underway on a building that will bring another 51 luxury apartments to Orange, while redeveloping a site just north of NJ Transit rail service.

Retail
New big-box stores bring Totowa retail center to 97 percent leased, Katz & Associates says

A shopping center along Route 46 in Totowa is nearly full after four recent leases totaling nearly 140,000 square feet, brokers with Katz & Associates announced.

Professional Services
Tokarski Millemann Architects details addition, renovation at Lakewood Mazda dealership

Tokarski Millemann Architects has completed construction documents for a soon-to-be-updated Mazda dealership in Lakewood, the Wall-based firm announced.

Professional Services
Kimmerle completes office, showroom renovation project for global apparel maker

A global fashion company has unveiled a new 175,000-square-foot office and showroom in Manhattan, following a design and renovation spearheaded by Kimmerle Group.