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.

NJIT launching real estate, entrepreneurship centers with gift from Profeta, its largest ever

The New Jersey Institute of Technology is launching new education and research centers focused on real estate and entrepreneurship, following a gift from The Paul V. Profeta Foundation that amounts to the largest-ever donation to the Newark-based university.

Office

East Windsor medical office portfolio sold for $20 million, Colliers says

A developer has sold a two-building, 80,000-square-foot medical office portfolio in Mercer County, in a newly announced transaction by Colliers International.

Professional Services

MSW adds two associates to commercial real estate team

Murphy Schiller & Wilkes LLP has hired two new associates as the latest additions to its growing team of commercial real estate attorneys.

Office

Medical practice inks 2,900 sq. ft. lease in Cherry Hill

A medical user is taking nearly 2,900 square feet at a Cherry Hill office complex, under a deal arranged by Wolf Commercial Real Estate.

Finance & Capital Markets

Kennedy Funding closes $2.3 million loan for beachfront tract in Dominican Republic

Kennedy Funding has completed another loan in the Caribbean, closing $2.3 million in financing to the owners of more than 60 beachfront acres in the Dominican Republic.

Government & Public Policy

EDA: Applications open for Emerge program, successor to key jobs-based tax incentive

The state Economic Development Authority is now accepting applications for the jobs-based tax incentive known as Emerge, the long-awaited successor to the Grow New Jersey program.

Industrial

Duke Realty adds assistant vice president of acquisitions in New Jersey

Duke Realty Corp. has made another addition to its New Jersey team with the hiring of an assistant vice president of acquisitions.

Industrial

JLL inks $17 million loan package for Denholtz portfolio in Toms River, Lehigh Valley

Denholtz Properties has secured nearly $17 million to refinance a six-building industrial portfolio in Ocean County and Pennsylvania’s Lehigh Valley, brokers with JLL said.

Retail

Burlington County retail center trades for $5 million, Marcus says

A private buyer has paid nearly $5 million for a retail center in the Burlington County township of Riverside, according to brokers with Marcus & Millichap.

Retail

Burrito chain inks five new leases among recent deals by Pierson Commercial

A fast casual chain serving burritos and other Mexican-style items is adding five new locations in and around New Jersey, in a series of recent transactions by Pierson Commercial.