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
Three-property, 113-unit rental portfolio in East Orange trades for $15 million

A private investor has acquired a 113-unit apartment portfolio in East Orange for nearly $15 million, under a newly announced transaction by Gebroe-Hammer Associates.

Professional Services
B6 adds new director to North Jersey capital advisory team

B6 Real Estate Advisors has bolstered its team in New Jersey with the appointment of a new director, in one of several newly announced moves by the capital markets firm.

Office
Accordia: Tenant at Fairfield office building expands again, adding 5,000 sq. ft.

Accordia Realty Ventures has secured a lease expansion at a Fairfield office building, inking a 5,000-square-foot deal with a commercial insurance and group benefits provider.

Industrial
Yogurt bar maker expands to 33,000 sq. ft. at Piscataway industrial park, Zimmel says

A snack maker has expanded its presence at a Piscataway industrial park, leasing another 13,000 square feet beyond its original 20,000-square-foot commitment.

Health Care & Education
Plastic surgeon acquires 2,400 sq. ft. medical office condo in Ridgefield, NAI Hanson says

A plastic surgery practice is expanding into New Jersey with its purchase of a medical office condominium in Ridgefield, according to brokers with NAI James E. Hanson.

Finance & Capital Markets
Progress sources $76 million loan package for Maryland multifamily deals

A locally based investor has secured $76 million in financing for two multifamily acquisitions outside Baltimore, in a transaction arranged by Progress Capital.

Finance & Capital Markets
Kennedy Funding lends $2.5 million to Denver-area homebuilder

Kennedy Funding has closed a nearly $2.5 million loan to the developer of what will be 149 single-family homes at a tract outside Denver, Colorado.

Residential & Mixed Use
Investment manager sells 214-unit apartment property in Bergen County, CBRE says

A buyer has expanded its New Jersey portfolio with the addition of a 214-unit luxury apartment complex in Westwood, in a newly announced deal by CBRE.

Finance & Capital Markets
C&W sources $115 million loan for LEG industrial development in Rutherford

A global investment manager is providing a $115 million construction loan for Lincoln Equities Group’s recently announced, 360,000-square-foot industrial project in Rutherford.

Residential & Mixed Use
Developer marks opening of new Gold Coast condo building in North Bergen

A joint venture has unveiled a collection of 70 upscale condominiums in North Bergen, touting a location along the Hudson River and easy access to a host of neighborhood amenities.